THE HOME-BUYING EXPERIENCE
START
APPLICATION PROCESS
​
-
Credit
-
Income
-
Assets
1 to 5 DAYS
PRE-QUALIFIED!
​
-
Complete assessment of credit, income, and asset
-
Strategic mortgage planning
1 to 5 DAYS
FIND A HOME!
​
Assess your wants and
needs, then let your REALTOR help you find the perfect home!
MAKE AN OFFER
1 to 3 DAYS
UNDERWRITING
​
Processor submits file to underwriting department for review. Approval
letter issued and sent to you for review.
DAY 3 TO 10
ORDER INSPECTION AND
APPRAISAL
​
-
Realtor orders inspection.
-
Lender orders appraisal.
DAY 1 TO 10
SIGN LOAN
DISCLOSURES
DAY 1 TO 3
BEGIN PROCESSING
​
Submit updated
information for credit, income, and assets, and provide earnest money deposit to escrow.
DAY 1 TO 3
OFFER ACCEPTED!
​
Review your contract
& pay close
attention to dates
and timelines.
INSPECTION AND APPRAISAL REPORT COMPLETED
Negotiate repairs,
closing cost credits or
purchase price reduction.
DAY 7 TO 21
COMMITMENT
​
Submit ALL outstanding condition items including credit, income, assets,
and home owner's insurance for the commitment letter prior to final clearance.
DAY 5 TO 15
TITLE REPORT
​
The Closing Agent reviews
& shares the Title Report with your lender for final review
and approval.
DAY 3 TO 15
CLEAR TO CLOSE
(FINAL APPROVAL)
​
You and your REALTOR are notified that your file is clear to close and a closing date and loan signing is scheduled by the Closing Agent.
DAY 7 TO 25
FINAL WALKTHROUGH
​
Scheduled prior to closing, this is your chance to approve the
condition of the house prior to
signing closing docs.
1 DAY
FINISH
POST CLOSING
​
You now have a realtor
and lender friend for life.
WELCOME YOU ARE NOW A
HOMEOWNER
​
Your Realtor will now be
giving you the keys making
you an official homeowner.
1 DAY
CLOSING
​
Signed documents & escrow
conditions are reviewed
and cleared.
1 DAY
HELPFUL
STRATEGIES
Save and submit:
-
all future paystubs
-
all future bank statements
Continue to pay all of your debts & loans on time
