Talk to a local lender to discuss your needs and find the loan that’s right for you! You want the right team behind you when it comes to buying your home. Be prepared to apply online after your conversation. Plan on the lender taking a complete application, pulling a credit report, and gathering the documents needed to verify your income, assets, and debt. If approved, they will issue a preliminary Commitment Letter outlining terms and conditions. Plan to bring 30 days to paystabs, two years of W2s , and two mopnths of your most recent bank statements. Comfirm with your lender what is needed ahead of time. A pre-approval helps strengthen your home offer while assuring the seller that you are a serious and qualified buyer.

*Be advised, every time a lender runs your credit, it does affect your credit score. Please talk to your lender for more information.

We will have an initial visit, zoom or in-person, to discuss your wants and needs and the timeframe that suits you. I will use all available resources to find the best property candidates and set up showings for us.

Congratulations, you found a house! Will this be the one? We will write you up your offer to purchase, which includes the price you are willing to pay, an estimated closing date, and any applicable conditions. An earnest money deposit is required to show you are serious about the home. Once the offer is accepted and the sellers sign the agreement, contact your lender to get the specifics on total costs, payment estimates, and a timeline for closing.

*Time is of the essence. We will keep track of all pertinent dates.

Work with Phoebe Martin Real Estate based on the purchase agreement to schedule any inspections that might be requested or necessary. Review what that timeframe looks like and what that means for the buyer and the seller.

Proof of insurance is required prior to closing. Contact an Insurance Agency for a quote.

A home inspection may not be required, but it is highly recommended. A home inspector will look for any deficiencies with a property and teach you how to care for your home. An appraisal is an estimate of property value based on similar property sales in recent months. This report is ordered by the bank to assure the property is valued at your proposed offer price, and that there are no major stipulations needed. The bank will select a title company to research the property title. This assures a clear transfer from the seller to you.

Once underwriting reviews the appraisal and the documentation necessary to approve the loan, your lender will contact you with final approval and outline any remaining conditions for your closing

You will meet with your lender directly to finalize the transaction. They will review all loan documents with you and aquire all signatures necessary to complete the purchase.