what to expect
what monthly payment do you want to make? we will help you select the right program and loan for you - and make sure that you’re able to qualify.
we’ll disclose any costs associated with the purchase and determine how much cash you will need at the time of closing. we’ll discuss the use of seller credits - including what they are - and whether they can be used to pay some or all of your closing costs.
we will run a credit report for you and walk you through the results. together, we will review your current payments and discuss any inconsistencies, items that need to be paid, or items you dispute.
we will provide you with a list of items we still need to collect from you. we will review the appraisal process and potential value or repair issues.
we will gather employment and asset information from you - your full income details, as well as anything you own that has value. this helps us determine program eligibility. we can quickly pre-approve you for a loan that meets your needs.
we’ll supply you with a guide to mindful spending with tips for a stronger savings and financial plan.
items you will need
YOUR INFORMATION
photo id(s)
social security number(s)
home addresses within the past 2 years
EMPLOYMENT | INCOME
paystubs (last 30 days)
w-2(s) + tax returns + employment information (last 2 years)
social security | retirement award letters (f applicable)
assets
most recent 2 months statements (all pages)
source of any non-payroll deposits (order copies through your bank)
fully executed gift letter and proof of transfer (if applicable)
real estate owned
property addresses for all real estate you own
mortgage loan statements for all mortgages
other insurance and HOA statements for all properties
other information
copy of bankruptcy filing and discharge (if applicable)
purchase property information with sales contract and addendums
copy of divorce decree and proof of child support (if applicable)
12 months canceled rent checks or management company contact information (if applicable)
certificate of eligibility and dd214 for veterans
the process for buying a home
FIND YOUR DREAM HOME
consult with your lender to confirm payment and approval
negotiate an offer with the seller
finalize purchase contract and the close of escrow date
choose loan program and interest rate
SIGN LOAN DOCUMENTS
obtain funds for closing: lender to provide detailed instructions
INITIAL LOAN INTERVIEW
application
items needed list
snap* buyer approval or pre-approval
THE LOAN PROCESS
sign e-consent
receive loan estimate and disclosures to be signed
appraisal is ordered
file submitted to underwriting
receive conditional approval and remaining conditions needed
provide final conditions requested within 24 hours
receive final underwriting approval and clear quality control
lender will issue the closing disclosure
FUNDING
lender will review funding package and clear any remaining conditions
loan funds and records
get keys and celebrate as new homeowners
we are committed to keeping you informed every step of the way.
— ashley huegi
financial stability plan
