This is a function of a couple things. How much of a monthly payment can you afford? What is the maximum you can borrow from a lender, given your income and credit history? And we can guide you to the right loan amount and best program for you when you answer a few questions. Based on standard lender guidelines, we’ll get you a good idea of what kind of terms and loan program you can expect to benefit most from.
This is where the process really begins and you save the most money. You will provide information on your current job, your assets, and your residence history. You’ll give us your employment, asset, and residence history information. We pull your credit score and report. After we’ve finished reviewing the provided information, we’ll provide you with a pre-qualification letter. Handle it with care — it is a great tool when you make your offer! Your realtor should use your pre-qual (as they may call it) in order to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you’re looking for a new home with your real estate agent, we find the best program for you.
Once you have made the offer and the sellers accept it, it’s time to apply for the loan. Applying for your loan couldn’t get much easier; you can apply right here on our site. After the offer has been accepted and you have applied for your loan, we will order a professional appraisal on the home.
The agents will find a title company to handle the “funding” of the loan and closing. We’ll work with this company to ensure all the papers your lender needs are available, and you will probably sign everything at their office. We coordinate with this company on your closing date. Because you will not have to worry with this coordination, you can concentrate on moving logistics, paint colors, new carpet, and all the details of moving into a new house.