Before diving into property searches, assess how much you can borrow. This involves understanding your Loan-to-Value (LTV) ratio, debt-to-income (DTI) ratio, and FICO™ credit score. A pre-qualification or pre-approval can provide clarity and position you favorably when negotiating with sellers.

Select a loan that aligns with your financial situation and goals. Options include:

• Fixed-Rate Mortgage: Offers consistent monthly payments over 15 or 30 years, ideal if you plan to stay long-term.
• Adjustable-Rate Mortgage (ARM): Features variable interest rates, suitable if you anticipate moving or refinancing within a few years.

Submit your application with necessary documentation, such as proof of income, employment verification, and asset details. Ensure all information is accurate to facilitate a smooth processing phase.

During this phase, your lender will verify your financial information, conduct a credit check, evaluate your assets, and appraise the property. Promptly respond to any requests for additional documentation to avoid delays.

Once approved, you'll review and sign the final loan documents. Be prepared to pay closing costs and provide proof of homeowner's insurance. Ensure all details are correct before signing to finalize the process.

• Full Name
• Email Address
• Phone Number
• Location (City, State)
• Desired Loan Amount
• Loan Purpose
• Additional Comments