Once you have found a home that fits your needs and the seller has accepted your offer, it’s time to start a mortgage application.
To quickly navigate the application process, gather all documentation for yourself and any other borrower (i.e., spouse, roommate, etc.) applying for the loan. To get a sense of what you’ll need, see our mortgage application checklist.
Remember, the more complete your application is upfront, the faster the entire mortgage application process will go.
The closing will take place in the office of a title company or attorney in your area who will act as our agent. If you are purchasing a new home, the seller may also be present at closing to transfer ownership to you, but in some states, these two events can happen separately.
During closing, you will review and sign several loan documents. The most important documents you will sign at closing include the Closing Disclosure, Promissory Note, and Deed of Trust or Mortgage. The closing agent or attorney conducting the closing should be able to answer any questions you have.
Buying a home can the biggest financial decision most of us will ever make. Here are some "best practice" tips to help simplify the buying process.
Ready to buy your first home? You'll want to be fully prepared. Discover everything you need to know and what you'll need in order to become a homeowner.