Steps For Homeownership
🏦STEP 1: GET PRE-APPROVED
- Get pre-approved for your mortgage quickly and easily using digital technology.
- Show sellers, you're ready to buy with a pre-approval letter
- Expedite the process and have these documents ready:
- Proof of Income
- Employment Verification
- Proof of Assets
- Driver's License
- Social Security Number
STEP 2: FIND YOUR DREAM HOME AND MAKE AN OFFER
- Your realtor will assist you in navigating the home-buying process to find a solution that fits within your budget.
- They will also draft the purchase contract and aid in negotiations with the seller.
👷STEP 3: INSPECTION AND APPRAISAL
- Inspection: The licensed home inspector will examine the home structure, foundation, electrical systems, roofing, and other aspects to identify any significant or required repairs.
- Appraisal: An impartial assessment of the real estate market value to determine if the price of the home is reasonable.
✅STEP 4: FINAL MORTGAGE LOAN APPROVAL FOR CLEAR TO CLOSE
- Submit all application documents electronically for review by the Underwriting team
- Keep track of your application status via Simpl
- I will be in touch to address any outstanding conditions
- Once conditions are reviewed by underwriting, you will receive the CLEAR TO CLOSE
- Schedule the closing date and time
📃STEP 5: CLOSE ON YOUR NEW HOME
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On closing day, multiple documents will need to be signed. We'll ensure a smooth closing and funding process by communicating and coordinating with all involved parties. I will help you confirm you have all the necessary items for a successful mortgage closing. Congratulations on becoming a new homeowner!
First-Time Buyer? Have questions?
Overwhelmed and stressed about purchasing a home? We understand the feeling. At Triumph Lending, I strive to empower you with knowledge and comfort in your mortgage choices, as this can be one of the most significant investments you'll make in your lifetime!
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