United States
Be sure to factor in your comfort level when calculating what you can afford.
Consider these costs:
Our Home Lending Office can help with these calculations and provide you with a pre-qualification letter for the amount you can afford.
Make the home buying process easier by getting pre-qualified before you start your search.
During the pre-qualification process you will:
Once you fall in love with a home, your real estate agent will use comps (comparable area homes recently sold) to help you come to the right offer price.
You will also consider the specifics of the home you’re interested in, such as its location, uniqueness, age, and any needed repairs.
Often times, purchase agreements contain a clause providing for a professional inspection and detail how any issues that may arise should be addressed. Be sure to attend the inspection so you may ask questions about the home.
The inspection should cover:
An appraisal of the home’s value must also be completed prior to receiving the final approval for your loan.
Once all of the required documents and the property have been fully underwritten and approved, you will receive a loan commitment letter.
You’ve found a home that you love. Now it’s time for the closing.
At the closing, you and the seller (and possibly agents, attorneys, and mortgage representatives) will sign all the necessary paperwork and transfer funds. Once all signatures are completed and fees are paid, the keys are exchanged and you are officially a homeowner.
Congratulations!
While the barriers to homeownership seem higher and the path narrower, a HomeReady® mortgage1 can put your dream of ownership in reach. An attractive mortgage option for first-time or repeat homebuyers, HomeReady® makes homebuying simpler, more affordable, and more accessible.
Learn more
Whether you're purchasing a home or refinancing your existing mortgage, you're in capable hands with our experienced Home Lending Officers who will help guide you through the process.1
Meet our mortgage team
Getting started is simple. Complete the information in the form on the next page to have a Mortgage Loan Officer contact you directly. You can also call us at 888-378-2272.
Get started today
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1All loans are subject to credit review and approval. Rates, program terms and conditions vary by state and are subject to change without notice.
HomeReady® is a registered trademark of Fannie Mae.
The information described herein is for educational purposes only and does not constitute and is not intended to be viewed or construed as professional advice. We recommend that you seek professional advice with respect to your specific situation.
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