Buying Real Estate

The Mortgage & Loan Process

Funding Your Home Purchase

1. Financial pre-qualification or pre-approval

Application and interview

Buyer provides pertinent documentation, including verification of employment

Credit report is requested

Appraisal ordered for current home, if any.

2. Underwriting

Loan package is submitted to underwriter for approval.

3. Loan Approval

Parties are notified of approval

Loan documents are completed and sent to title company.

4. Title Company

Title exam, insurance, and title survey conducted.

Borrowers come in for final signatures.

5. Funding

Lender reviews the loan package.

Funds are transferred by wire.

Why Pre-qualify?

We recommend our buyers get pre-qualified before they begin the home search. Know how much you can comfortably spend on a home reduces the potential frustration of looking at homes beyond your means.

Making An Offer

Once you have found the perfect home, we will write up a purchase agreement, or offer. While much of the purchase agreement is standard, there are a few things we can negotiate.

The Price

The Move-in Date

Additional Property

Typically, you will not be present at the offer presentation. We will present it to the agent or seller on your behalf. The seller will then do one of the following:

  • Accept the offer
  • Reject the offer
  • Present a counter-offer