The largest financial decision most of us make in our lifetime is to become a Home Owner. Our Lending Professionals are here to help guide you through the entire process from start to finish. This information will help walk you through the steps of purchasing a home as if you were working with a mortgage broker.
Pre-Approval As you begin your search for a new home, understanding your purchasing power will allow you to narrow down your search by knowing the sales price and monthly payment for which you qualify. A letter of Pre-Approval issued by your Lending Professional will show potential sellers that you are serious while allowing your agent to make a sound case for your offer. Get pre-approved for new home financing now!
Select a Licensed Realtor The agent you work with will be your advocate to the Seller and their Listing Agent (if applicable). If you haven’t already selected a Realtor and would like a referral, your preferred Lending Professional will help you find the right agent for you.
Making the offer Your Realtor will guide you through the process of negotiating the purchase of your home. There may be counter offers by both you and the seller from your initial proposal, but most often an agreement can be made that is suitable for you both.
Submission of your home loan for Underwriting Once your offer has been accepted, your Lending Professional will package the loan option with you have selected for submission to an Underwriter for Approval. You can find a list of commonly needed documentation here (redirect to lending checklist).
Final Conditions & Signing The Underwriter may request additional documentation or letters of explanation prior to the signing of loan documents. You will be kept informed throughout the loan process if anything further is needed from you. Once these conditions have been satisfied, documents will be drawn and sent to your Title/Escrow Officer for signing.
Funding & Closing The loan documents are sent back to the bank for final review by the Underwriter and Funder. After the file is reviewed and it is determined no additional information is needed, funds will be wired to Title/Escrow from the Lender to complete the transaction. Congratulations, you are now a Home Owner! Picture of happy Home Owners would be good on this page.