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.
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.
Lender reviews the loan package.
Funds are transferred by wire.
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 Move-in Date
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