BUYING
The
Ultimate Guide
This guide will show the different steps involved and help guide you through the process and what you should expect before buying a home.
Pre-Approval
Talk to a lender to get pre-approved and to find out what your monthly payments will be and what your price range is. (Preliminary documents include: W-2's, pay stubs, bank statements & tax returns.)
Find a Home
Assess your wants and needs, then let your REALTOR® help you find the perfect home.
Make an Offer
Offer accepted, sign all required documents and order the Home Inspection.
Application Process
Submit updated documents from pre-approval... KNOW YOUR NUMBERS!
Contract Clauses
Review your contact & pay close attention to dates and timelines.
Inspection & Appraisal
Inspection is completed and your lender orders the appraisal.
Processing
Processor completes all updated information verifications for credit, employment and assets.
Appraisal Report
Received and reviewed: processor updates you for outstanding items.
Underwriting
Processor submits file to underwriting department for review and commitment letter. Approved letter issued and sent to you for review.
Commitment
Submit ALL outstanding condition items for the commitment letter prior to final clearance.
Title Report
The Closing Agent reviews & shares the Title Report with your Lender for final review and approval.
Homeowners Insurance Policy
Copy of appraisal and mortgage clause provided so you can secure your Homeowners Insurance Policy.
Clear to Close
You and your REALTOR® are notified that your file is clear to close and a closing date is scheduled by the Closing Agent.
Final Walk-Through
Scheduled three days prior to closing this is your chance to approve the condition of the house prior to signing closing docs.
Closing
You are at the finish line! Once your REALTOR® gets the call that you are recorded, keys will be turned to you no later than 9PM.
Welcome Home! You Are Now A Homeowner
Post Closing
Enjoy the tax advantages of owning a home! LET'S CELEBRATE
Helpful Strategies
Save and submit all future paystubs
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Save and submit all future bank statements
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Keep copies of all documents submitted for processing
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Continue to pay all of your debts and loans on time
Common Mistakes
Don't make any cash deposits
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Don't make any large purchases on your credit cards
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Don't co-sign a loan for anyone
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Don't change bank accounts
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Don't apply for new credit cards
from contract to close we are here for you every step of the way, leaving nothing to chance!