What are the steps when buying a new home?
STEP 1
Ready to Purchase Your New Home!
Congrats! You’ve made the decision to buy a new place! First, fill out our online loan application or Custom Rate Quote and schedule a time to talk with one of our Licensed Mortgage Advisors, who will:
- Consult with you to answer ALL your questions about the mortgage process.
- Go over all the steps involved when purchasing a home.
- Go over options to start thinking about including loan programs, rate options, monthly payment and total cash to close.
- Go over the complete list of documentation you will need to provide.
- Get you access to our secure online portal to upload documentation for an upfront approval guarantee!
STEP 2
Upfront Approval Guarantee
We will review, verify and process your application to provide you
accurate information on the following:
- Provide detailed cash to close, rate and payment information to make sure you’re comfortable with everything.
- Our underwriter will make sure you’re 100% qualified with no
outstanding issues, to avoid any surprises once you are in contract. - Deliver an Upfront Approval Guarantee letter – so you can start your home search with confidence!
- If you need a superstar realtor, we can recommend agents that will help you find your new home
STEP 3
Get Under Contract
You start making offers on home you love with the help of your
realtor.
- Find homes that meet your needs and come up with an offer you would like to make (knowing upfront your fully approved and what it will cost)
- Get your offer accepted and go binding on your contract.
- Schedule inspection, appraisal, provide the earnest money deposit, and start preparing for closing day!
STEP 4
Lock In Your Interest Rate
Once you are under contract, we are able to secure your financing
and lock in your interest rate.
- Update the underwriter and verify the title work on the property.
- Shop over 28 lenders for the best rate and costs and lock your loan in to avoid rates increasing.
- Email your disclosures securely through our portal for e-signatures.
STEP 5
Close On Your Home
Once all the disclosures are e-signed our processor will prepare
everything to ensure a smooth closing on your new home
- Submit the loan for a clear to close with the underwriter
- Clear the final conditions and schedule your closing.
- Send your wire for down payment and closing costs to ensure a smooth closing
Awesome! You are a new homeowner!