Your Homebuying Roadmap
1. Prepare
Review income, employment, assets, monthly debts, credit and funds available for the transaction.
2. Financing
Compare appropriate VA, FHA and Conventional scenarios. Investors can also review DSCR financing.
3. Search & Offer
Define your price range and priorities, tour homes and work with your Realtor on an offer strategy.
4. Under Contract
Complete lender documentation, inspections, appraisal when required, title work and other contract requirements.
5. Review Costs
Review your Loan Estimate and later your Closing Disclosure. Understand down payment, closing costs and prepaids/escrows.
6. Closing
Complete final requirements, verify funds needed, sign closing documents and receive your keys.
What should I have ready?
Depending on the loan and borrower, a lender may request identification, income/employment documentation, asset statements and information about debts and real estate owned. Your actual requirements depend on your application and loan program.
Use Mortgage CalculatorAsk a Question