The Process
Pre Approval.
Your first goal for getting financing is to getting a pre-approval. This is probably the most important step in the home purchasing process. With this step you can set your home budget so that it fits your comfort level. Due to the fact that your home loan will probably be your largest monthly payment, it is important to make sure it fits your budget, as well as your needs.
Find Your Home
At this step you are working with your Real Estate agent. I have talked to them and given them details of your loan program so we are all on the same page. The agent will pull up a range of homes in the marketplace that will fit in the budget we decided. In many cases, you will get introduced to an agent through friend or family member, and if you don’t have an agent I have had really good success helping my clients find a comfortable agent.
Finance Your Home.
After the contract has been secured, the realtor will send it to me so we can finish up the application process. This is where the real work begins. We crunch the numbers, put the paperwork together and get it to the processing department and then the underwriter and final review before closing.
