1. Pre-Purchase Consultation
Before starting your home search, a pre-purchase consultation helps you understand your mortgage options, loan programs, and affordability. Our loan officers will assess your financial situation and recommend the best loan solutions for your needs.
2. Get Pre-Approved & Submit Your Loan Application
A mortgage pre-approval strengthens your position as a buyer by showing sellers you're serious and financially prepared. During this step, you'll complete a loan application, allowing us to review your credit, income, and debt to determine how much you can borrow.
3. Find a Home & Negotiate a Contract
With a pre-approval letter in hand, you can confidently search for homes and negotiate an offer. Your real estate agent will help you draft a contract that aligns with your budget and loan approval.
4. Home Inspection
A home inspection is crucial in identifying any structural issues or necessary repairs before finalizing your purchase. While not required for loan approval, it ensures you're making a sound investment.
5. Update Mortgage Application
After selecting a home, your mortgage application is updated with property details and final loan terms. This ensures accuracy before moving forward with the next steps.
6. Order Appraisal
A home appraisal determines the property’s market value, ensuring that it aligns with the loan amount. Lenders require this to protect both you and them from overpaying for a home.
7. Loan Processing
During loan processing, underwriters review your application, verify documents, and assess risk. This step ensures all financial and property-related details meet lender guidelines.
8. Loan Underwriting
A loan underwriter performs a final review of your financials, credit history, and property appraisal. If all requirements are met, your loan moves to the final approval stage.
9. Finalize Documents & Get Homeowner Insurance
Before closing, you’ll review and sign final loan documents, secure homeowners insurance, and complete any remaining lender conditions. These final steps protect your investment.
10. Closing Day!
At closing, you’ll sign the necessary paperwork, pay any remaining costs, and receive the keys to your new home. Congratulations—you’re officially a homeowner!
11. Pick Up Your Keys & Move In!
The final step in the mortgage process is the most exciting—moving into your new home! Our team is here to support you even after closing, ensuring a seamless transition.