Buying a home may be the biggest investment you make in your life. Whether you are buying or building a home, there are some documents you will need to provide, as well as some financial numbers to consider. Remember, we’re here to partner with you throughout the entire process.
Getting pre-qualified for your loan will let the seller know that you are qualified to move forward with the transaction. To begin, we will review your credit history and debt-to-income ratio. Be prepared to provide your basic debt, income and asset information.
Once we have determined how much you are pre-qualified to borrow, we will help you decide on the loan solution that’s right for you.
Buying a Home
Now it’s time to put an offer on a home. Once your offer has been accepted, you will provide your lender a copy of the fully executed purchase (Buy/Sell) agreement. From there, an inspection and appraisal will be scheduled in preparation for the loan closing.
Building a Home
Meet with your builder to discuss the budget for your new home.
Get a signed construction or purchase contract with your builder that includes cost of construction and land, as well as start and completion dates.
A construction loan usually includes up to a 12-month construction phase loan with interest-only payments.
After construction, you will receive a certificate-of-occupancy, and we will help determine the best mortgage option for your needs.
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