Purchase

The first step is getting pre-approved. Pre-approval for your home loan considers your household income and payment history before determining how much of a loan you qualify for. Online pre-approval applications like SimpleLoan have become a simple and secure way to qualify.

Home buyers can qualify for a variety of loan programs, and there are different types of loan programs you can choose from. Choosing the loan that’s best for you takes time, knowledge, and experience.

Once you’ve been pre-approved for your loan, it’s time to start shopping! You can decide whether to build your home or buy a home that’s already on the market, and work with a real estate agent or New Home Builder to help you find the perfect fit. Once you’ve found your home, it’s time for you to make an offer.

Once your offer has been accepted, it’s time for Home Loans Today to get to work! Your loan application is reviewed to make sure all the required documents for your loan are in. Most buyers will schedule a home inspection to audit the condition of the house in case there are any issues. Appraisal will also happen during this time, conducted by an independent third party to establish the market value of the home, ensuring that the house is worth the value that you are paying for it.

Finally, your loan application is verified by an Underwriter, who performs a detailed analysis of your financing and your loan’s requirements. You may need to provide documentation, so it’s a good idea to keep a folder of all your files together. Creating a smooth process will help your loan paperwork flow more efficiently, bringing you closer to closing day!

You’re almost there! Once your home and loan are ready, Home Loans Today provides you with all the final details you need, such as the final closing disclosure, what to bring to your closing, and how much money is needed at the closing. All that’s left is signing the final loan documents and receiving the keys to your house. Welcome home!