Funding Your Home Purchase
1. Financial pre-qualification or pre-approval
- Application and interview
- Buyer provides pertinent documentation, including verification of employment
- Credit report is requested
- Appraisal scheduled for current home owned, if any
2. Underwriting
- Loan package is submitted to underwriter for approval
3. Loan approval
- Parties are notified of approval
- Loan documents are completed and sent to title
4. Title company
- Title exam, insurance and title survey conducted
- Borrowers come in for final signatures
5. Funding
- Lender reviews the loan package
- Funds are transferred by wire
Why pre-qualify?
We recommend our buyers get pre-qualified before beginning their home search. Knowing exactly how much you can comfortably spend on a home reduces the potential frustration of looking at homes beyond your means.
Click HERE to be directed to Connie’s Preferred Lender Blog.
