Homebuyer's Guide

Owning a home is an exciting time and it's also a big financial and emotional commitment. Being informed and taking your time are key to helping you make this life-changing decision and we're here to help you with that process.

Whether you're buying your first home or upgrading to your next home, here are a few things to keep in mind as you go through the process.

Know What You Can Afford

How much are you willing to spend per month on a new house payment? How much do you have for a down payment? Schedule a time to visit with one of our Home Loan Consultants for an estimate of what you may qualify for. Your consultant will review your income, monthly revolving and installment debt, and how much of a down payment you have to determine how much you can afford. You can also use our online mortgage calculator to run the numbers.

When you're ready, your Home Loan Consultant can assist you in the formal conditional approval process. This is the time you'll need to provide the necessary documentation to support your income, assets and credit documentation. If the documentation meets our guidelines, your Home Loan Consultant can issue you a conditional approval letter so you can start looking for your new home.

The Right Home in the Right Place

Location, location, location – there's a lot of truth to this. It is so important to consider all aspects of the location of the home you want to buy. Things such as proximity to schools, work, amenities, the amount of traffic, etc., should all play a factor in finding the home that's right for you. Work with a local real estate agent who's familiar with the area you're interested in and provide your conditional approval from us.

The Loan Process

Once you've found the home of your dreams, it's time to team up again with your Home Loan Consultant for the processing of your loan. It's all hands on deck...our mortgage processors will work on your loan and order an appraisal to make sure the value supports the purchase price while our underwriters review the supporting documentation to make sure that it complies with our guidelines.

You're almost there.

Once everything is in order and checked off, your file will move to one of our closers, who will work closely with the title company to make sure all documents are ready for you to sign and finalize the loan at the closing table.

Congratulations – you are officially a homeowner!