What are the steps when buying a new home?
STEP 1
Deciding to Buy a Home!
Congrats! You’ve made the decision to buy a new place! First, fill out our online loan application and connect with one of our Mortgage Advisors, who will:
- Discuss your goals and answer ALL of your mortgage questions
- Walk you through the home buying process
- Provide you with valuable info on market conditions, monthly payments, loan options, down payment, cash to close, and more!
- Provide you with a secure online portal to gather documentation for an upfront approval guarantee!
STEP 2
Get Approved
We will review your loan application and supporting documentation in order to:
- Provide 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.
- Issue our Upfront Approval Guarantee letter – so you can start your home search with confidence!
STEP 3
Make Offers
You’ll shop for homes with your Real Estate Agent, who will help you:
- Search for the home of your dreams and decide on the best price to offer.
- Get your offer accepted!
- Schedule inspection, provide the earnest money deposit, and begin moving preparations.
STEP 4
Lock In Your Interest Rate
Your Real Estate Agent sends us your signed purchase contract and we:
- Review and update your loan file with the underwriter.
- Shop over 22 lenders for the best rate and costs and lock your loan in to avoid rates increasing.
- Order the property appraisal.
- Email your disclosures for e-signatures.
STEP 5
Close On Your Home
As soon as your disclosures are e-signed, you’ll be introduced to your Closing Coordinator who will:
- Submit loan for final approval with underwriting.
- Order your final loan documents and schedule your closing.
- Ensure your loan funds and escrow closes on time!
Congratulations! You’re a homeowner!