The Home Buying Process
| Locating Home | The Loan Process |
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- Available property selections sent online for viewing
- Show the top properties buyer interested in
- Select favorite subject property
- Investigate comparable properties to subject
- Discuss offer terms and submit offer (Earnest $ Collected)
- Negotiate offer
- Terms agreed - Contract is Binding (Earnest $ deposited)
- Inspection scheduled and completed
- Request for repairs submitted and negotiated)
- Terms of contract performed
- Final walkthrough - Completed repair inspection, etc.
- Updated termite letter completed
- Utilities scheduled for transfer, etc.
- Closing funds & insurance certificate brought to closing
- Sale closed at real estate attorneys office
- Title insurance offered at closing at cost (recommended)
- Money, deed, keys, etc. exchanged
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- Contact mortgage loan company
- Initial Interview (by phone or in person)
- Credit report obtained
- Loan options offered/pre-qualification letter given
- Documentation requested
- Title search ordered through attorney
- Approval process begins
- Verifications requested
- Home appraisal ordered
- Propery appraised or did not appraise
- Final verification of funds/employment, etc
- Loan package completed
- Submitted to underwriting
- Underwriter may request additional info
- Underwriting completed/Loan approved
- Closing documents assembled
- Loan papers & documents signed
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Congratulations, its Moving Time!
Buyer Orientation Pages
Information herein believed to be accurate but not warranted.
