OUR PROCESS (Home Purchase)
Here is what you do
Responsibility
Upload documents on checklist, e-sign application & disclosure documents
Get Pre-Approved
Upload documents on checklist, e-sign application & disclosure documents
2
We identify a suitable lender and submit your documents for pre-approval decision.
Visit houses on market, when interested, evaluate affordability, determine value comparing similar homes sold plus weighing intangibles and make offer.
Shopping For a Home
Visit houses on market, when interested, evaluate affordability, determine value comparing similar homes sold plus weighing intangibles and make offer.
3
We provide purchase worksheets to assist shopping and pre-approval letters to accompany your offers.
Home inspection is recommended but not required. Provide Earnest Money Deposit. Register for on-line homebuyer education class when applicable.
Accepted Offer/ Under Contract
Home inspection is recommended but not required. Provide Earnest Money Deposit. Register for on-line homebuyer education class when applicable.
4
We review your purchase agreement, seller & lead based paint disclosure and identify all parties of the transaction.
Begin shopping for insurance. Provide condition items in a timely manner as requested. Complete homebuyer education.
Loan Application
Begin shopping for insurance. Provide condition items in a timely manner as requested. Complete homebuyer education.
5
We finalize & submit the loan application, lock the loan, order the appraisal & title docs and work with you to clear underwriter conditions.
Work with all parties to schedule a closing date, time & location
Clear to Close
Work with all parties to schedule a closing date, time & location
6
We provide you a closing disclosure with total monthly housing expense & cash required to close.
Obtain a cashier's check or initiate wire funds, based on title company instructions, bring 2 forms of ID to closing
Closing
Obtain a cashier's check or initiate wire funds, based on title company instructions, bring 2 forms of ID to closing
7
We work with title company & lender to generate closing package and ensure funds are wired to the title company.
Post Closing
File Property Transfer Affidavit within 45 days and if a primary home the Principal Residence Exemption. Note,
coupon for first 2 payments typically in closing package
8
We follow-up with you and request feedback. Also in the first 6 months, it is common for service to be transferred to another lender.