Financing
If you haven’t experienced it before, the home loan process can feel overwhelming, but I will help you throughout the process, from pre-approval to closing…and beyond. The first thing to do is consult with a mortgage specialist (or two). I work with some of the best local lenders in the industry and would be happy to introduce you, so you’ll be WELL taken care of. Choosing the right lender is a key ingredient to a smooth, stress-free purchase, which is why I ONLY recommend the BEST!
the loan process
Gathering information
To begin the loan pre-approval process, the lender gathers information about income, assets and debts of the borrower (you) to determine how much house you may be able to afford. This includes a credit report, W-2 forms, pay stubs, federal tax returns and recent bank statements.
Loan programs
There are a variety of different loan programs, including VA, FHA, Conventional, CDA, FHA203k, USDA and more. Each having their own down payment and loan requirements that must be met to fund a loan.
Mortgage application
Once you are under contract, your lender will talk you through the various fees , interest rates and down payment options specific to that property. The application is submitted to processing, where the documents previously collected are reviewed and appraisals and title examination are ordered.
Final steps
You will need to obtain a Homeowners Insurance Policy, which is required by your lender. Finally, your loan is sent to an underwriter, who reviews and ensures the entire loan meets compliance. Once approved – funds are issued to a Title Company, you will wire necessary funds and we go to closing!
Let's do it!
I’ll connect you with the best local loan officer to get you competitive rates and the programs that best fit your individual needs. Fill out this form and I’ll connect you with a lender today!