Step Two: Pre-qualify for your loan
Home Ownership should always start with a pre-approval. Nothing feels worse than finding the ideal home in the perfect area and then not being able to get financing. Also, sellers will want to know you are pre-approved to purchase their home. A pre-approval will provide an accurate price range prior to home shopping. You’ll give us information on your employment, asset, and residence history. We run your credit score and report. When we review this information we will give you a letter of pre-qualification.
Step Three: Apply
Once you’ve made an offer and it’s been accepted, it’s time to apply for the loan. Applying for your loan couldn’t get much easier; you can apply from the comfort of your home right here on our site. You may have already completed step two prior to this step, if so you are a step ahead! After the offer has been accepted and you have applied for your loan, we will order an appraisal on the home and begin the underwriting process. We will verify your employment history, income, assets and a few other qualifying factors. Once an underwriter has determined all of this information to be satisfactory, you will receive your clear to close to finalize the purchase of your new home.
Step Four: Funding
Your REALTOR® and the seller’s will work together to decide on an escrow/title company to take care of the funding of your loan. We’ll coordinate with this company to make sure the papers your lender will require are in order, and you will probably likely sign all these papers at this company’s office. We do all the work to coordinate with this company to set your closing date. Because you will not have to worry about these details, you can think about moving logistics, paint colors, carpet, and the details involved in moving into your new house.
Get started today with your pre-approval to begin shopping for your new home. We look forward to assisting you.