There are a lot of moving parts when buying a home, but don’t fret – it really just comes down to six steps!
1. GET PRE-APPROVED
Start by submitting an online, in-person, or over-the-phone application. Your loan advisor will walk you through what documentation is required.
2. FIND YOUR HOME
Once pre-approved, start shopping with your real estate agent. If you don’t have an agent, let me know and I can refer you to one my clients love. When you decide on a home to purchase, your agent presents your offer to the sellers.
3. NEGOTIATE A CONTRACT
After you’ve submitted an offer with your real estate agent and the seller accepts your offer, the next step is to contact me so we can make sure we have the loan program that’s right for your new home.
4. ORDER AN INSPECTION
After your offer is accepted, but before you finalized the purchase, a professional home inspection is recommended to ensure the home is in good condition. If the home passes inspection, an appraisal will then be ordered to determine the fair market value of the property.
5. ALLOW TIME FOR LOAN PROCESSING
An Axia loan processor will review the entire loan file and send all pertinent information to Underwriting for final approval. The underwriter ensures that the loan program and monthly mortgage payment are right for you. At this time, we will also make sure that all tax, title, insurance, appraisal, and required documentation are complete.
6. CLOSE & CELEBRATE
You’ll review and sign all your loan documents and submit any amounts due that are needed to close your loan. When everything is finalized, you’ll receive the keys to your new home!
And that’s it! Keep in mind that this is the general process, so if you have any questions about your particular situation, get answers about your homebuying journey by chatting with your local Loan Advisor.
Equal Housing Opportunity. Axia Home Loans is a registered tradename of Axia Financial, LLC. NMLS 27830.