Steps to your visit buying your dream home!

Taking pre-approved will help speed up our home purchasing processes because you will receive a good first step toward suggestions. Thoughts is broken pre-approved, you are on your path to help you homeownership! Contact a loan officials to begin with.

Score Pre-Qualified

Fill in earliest documents This can include pay stubs, bank statements, credit reports, and statements for any other debts or loans you might have. Your loan officer will let you know exactly what they need!

Discuss what you are able manage Your loan officer will discuss mortgage program options with you to find the best fit for your budget and situation. A monthly budget worksheet can be very helpful for this part of the process because it helps you to review your spending habits so you know how much money you’ll want to have leftover after your home bills each month.

Submit pre-certification Your loan officer will put together a pre-qualification letter based on your loan choice so you can start shopping for a home!

Look for a house

Submit an offer having fun with a great pre-certification page Home sellers almost always require a letter installment loans online in Nebraska of pre-qualification from a lender along with the purchase offer from your realtor. If they accept your offer, you can move on to the next step!

Great job! Your ratified towards purchase of the new domestic This means the seller has accepted your purchase offer in writing!

Start the mortgage Process

Activate the loan software Your loan officer or loan processor will reach out to you to guide you through these steps.

Protect their interest rate and you can buy the newest appraisal Locking your interest rate means that if rates go up prior to closing on your home, your rate stays the same. Your loan processor will schedule an appraiser to verify the current market value of the home you are going to purchase.

Sign financing disclosures and gives a lot more documentation as required Your loan processor will send you important disclosures with information about your loan to sign electronically and let you know if they need any additional documents from you to send over to one of our qualified underwriters.

Submit to underwriting Your loan processor and loan officer will send all of the information on your loan choices, the home you are purchasing, and the documentation you have provided to our underwriters to finalize the approval of your loan.

Underwriting

Underwriter studies loan and you may affairs conditional approval A conditional approval means your loan is approved so long as you provide any additional documents that they might need. There are not always conditions on approval at this point in the process, but it is not uncommon.

Offer documentation to satisfy criteria Your loan officer, loan processor, and underwriter will work with you to obtain any additional documents needed for the final approval of your loan.

Loan is approved

Financing try transferred to the closure agency Your loan officer or loan processor will reach out to you to find out which title company you would like to use and schedule the closing. They will also send you a Closing Disclosure to review and sign three days prior to closing.

Dollars to close amount exists to you personally This is the amount of money needed at the table (even though many closings are now electronic!) on the day of closing. This information will have been included in your Closing Disclosure.

Get an official check or cord Reach out to your bank to obtain a certified check or wire transfer for the amount needed for closing. Be aware of wire transfer fraud and confirm directly with your title company that the wiring information is accurate!