You’ll consult with a lender to review available loan programs & interest rates, review projected monthly payment figures, source down payment funds and analyze your income & work history. They can then issue you a “Pre-Qualification” letter.
Now it’s time for us to go see the homes you like online, in person!
Once a seller has accepted your offer, it’s time to officially move the transaction forward. Opening escrow means you will deposit your earnest money with the title company.
INSPECTION PERIOD BEGINS
Normally we will have 10-days to complete your inspections, which usually consists of a thorough general inspection and termite inspection. The seller will also provide Disclosure Statements for you to review.
Your loan officer and their processor will turn the file over to an underwriter, whom reviews everything to ensure you meet the loan guidelines. If you do (which you should), then loan approval will be granted.
We will meet at the home one more time to ensure all repairs were taken care of and the home is still in the same condition as when we originally viewed it.
YOU OWN IT!
Once recorded, we will call you to let you know where to find your keys and you should be a happy homeowner!