6 Steps To Buying A Home | Valor Lending Group
Are you interested in buying a home?
Do you not know where to start with the home buying process?
There are certain steps to take when buying a home and if you don’t know where to start it can be a very overwhelming. Finding the right team to help you along in this processes is a MUST! When you are in the right hands the home buying process can be simplified.
Look no further! Valor Lending Group is here to help you TODAY!
Check out our 6 steps to buying a home you deserve.
If you are a first time home buyer you don’t understand the steps and time it takes to buying a home. It is not a sprint, buying a home is a marathon. That being said, here are the 6 steps to buying a home!
1. Prequalify For a Loan
This is the first of the 6 steps to buying a home. With the help of your Mortgage Loan Originator, you decide on a loan program that works for you. You will be sent a full disclosure package, which contains an application and a list of required documents that need to be obtained. You’ll fill out the application, gather the materials, and then submit.
2. Find Your Home and Submit Your Application
After submitting, your Loan Processor is your point of contact and will be throughout the process. This person will review your information and ask you for anything that’s necessary to complete your application file.
3. Loan Processing
Once everything is in order, the Loan Processor will submit your information to a loan Underwriter who will preform a meticulous examination of your documentation and information. It’s possible that the Underwriter will request additional information on some unverified items. This part of the process may require some back and forth between the Underwriter and your Loan Processor to ensure that all government and lender guidelines are met.
4. Schedule Your Closing
After all the guidelines have been met and all information has been verified, your file will be issued a Clear to Close. Once this is issued, your Loan Processor can schedule the closing and the signing of the final documents.
5. Closing On Your home
At the closing table, your closing agent will thoroughly review all details of the transaction, the closing costs will be due, and you will sign several pages of documents. The Closing process can be stressful, but don’t let it distract from your excitement that the mortgage process is almost complete and the house you want can now be yours.
6. Congratulations!
Grab your Keys, You Are Now a Homeowner!
Recap of our Loan Products:
- Hard Money Loans (20% down / minimal documentation) Typically Fund in 7-10 days.
- Stated Income Loans (Great for business owners and self employed ) No tax returns!
- 100% financing is available (we can cross collateralize other properties if there is enough equity)
- Valor VA Home Loan 100% financing up to $1.5MM
- Investor Cash Flow Loan – No tax returns or DTI calculation! Based on subject property cash flow – No Coverage needed DSCR!
- Flipper & Rehab Loans (Flip a property with one of our many options)
- 2nd Position Loans up to $5mm
- Raw Land & Lot Loans
- Ground up Construction for spec homes, custom homes and commercial ground up.
- Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
- 5% down Jumbo’s with NO MI up to $2mm / 10% down up to $3mm
- Manufactured Housing / Mobile Homes (20% down / 600+ credit score)
- Acreage Properties
- Commercial Loans up to $500mm
- 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
- Foreign Nationals Loans (no social security or residency required)
We also offer:
- 10, 15, 20, 25, 30 year Fixed, Conventional Conforming Loans (under $510,400)
- High Balance Conforming aka Super Conforming (from $510,400-$765,600)
- Jumbo’s to $10 Million / Super low rates! / 10% down Jumbo to $3mm
- FHA, USDA
- ARM’s
- Reverse mortgages up to $1 Million Value
- Refinance including Cash Out
CALL or EMAIL me for immediate attention to your scenario!
Valor Lending Group can fund your fast-hard money loan up to $10mm in as little as 7 days often without an appraisal.
Valor Lending Group offers EVERY loan in the book!
Check out more information on our programs CLICK HERE and please do not hesitate to call on me for any scenarios.
I look forward to an opportunity to demonstrate my prompt and professional service.
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