Great Tips To Buying Your First Home | Valor Lending Group
The Complete Roadmap to Buying Your First Home:
Take a Look at the Essential Steps You Need to Know
When it comes to buying a home, having a reliable and knowledgeable team is crucial. The Complete Roadmap to Buying Your First Home starts with us—we’re dedicated to making your home-buying journey smooth and straightforward.
For many, particularly first-time buyers, the process of purchasing a home can feel overwhelming. It’s important to remember that it’s a journey, not a race.
That’s where Valor Lending Group comes in—we’re here to guide you through every phase of the process.
Valor Lending Group is excited to share that we’re now fully licensed in the beautiful state of Florida!
So, Floridians, get ready—we’re here to help you achieve your homeownership dreams with confidence!
The Complete Roadmap to Buying Your First Home
1. Prequalify for Your Loan
The first step in The Complete Roadmap to Buying Your First Home is prequalification. With the guidance of your Mortgage Loan Originator, you’ll select a loan program that aligns with your financial goals. You’ll receive a full disclosure package, including an application and a list of required documents. Completing this step involves filling out the application, gathering all necessary materials, and submitting them for review.
2. Find Your Dream Home and Submit Your Application
Once you’ve found your ideal home, it’s time to submit your application. Your dedicated Mortgage Loan Originator will become your main point of contact throughout the process. They will review your submitted information and request any additional documentation needed to complete your application file, ensuring a smooth journey along The Complete Roadmap to Buying Your First Home.
3. Loan Processing
With your application in hand, your Mortgage Loan Originator submits your information to an Underwriter. The Underwriter conducts a thorough examination of your documentation, ensuring all government and lender guidelines are met. This step may require some additional back-and-forth communication to verify any outstanding items.
4. Schedule Your Closing
Once your loan has been approved and all requirements have been satisfied, your file will be issued a Clear to Close. At this point, your Mortgage Loan Originator will coordinate with all parties to schedule the closing and the signing of the final documents. This crucial step brings you closer to homeownership.
5. Closing on Your Home
During the closing, a closing agent will walk you through the final details of your transaction. You’ll review and sign all necessary documents, and any closing costs will be settled. While the closing process can be intense, remember that you’re on the brink of achieving your homeownership dream.
6. Congratulations!
You Are Now a Homeowner
You’ve successfully navigated The Complete Roadmap to Buying Your First Home! Congratulations on reaching this significant milestone. Welcome to homeownership!
Recently Funded | Valor Lending Group
$1,044,550 Loan amount | Hard Money Bridge Loan | Purchase | 65% LTV | Murrieta, CA
$1,900,000 Loan amount | Full Doc Jumbo Loan | Cash Out Refi | 31% LTV | Mirage, CA
$1,430,000 Loan amount | 24 Month Bank Statement Loan | Purchase | 65% LTV | Phoenix, AZ
$2,625,000 Loan amount | Ground up Construction Loan | Purchase | 65% LTV | Malibu, CA
$1,905,000 Loan amount | Fix and Flip Loan | Purchase | 90/100 LTV | Palos Verde, CA
$2,645,000 Loan amount | Ground up Spec Construction Loan | Purchase | 65% LTV | Palm Springs, CA
$712,500 Loan amount | DSCR Loan | Cash Out Refi | 75%LTV | 70% LTV
$4,013,750 Loan amount | Full Doc Jumbo Loan | Rate& Term Refi | 75% LTV | Newport Beach, CA
$592,500 Loan amount | DSCR Loan | Purchase | 75% LTV| Seattle, WA
$1,950,000 Loan amount | Hard Money Bridge Loan | Cash Out Refi | 70% LTV | Berkeley, CA
$3,100,000 Loan amount | 12 Month Bank Statement Loan | Purchase | 43% LTV | Coronado, CA
$1,790,000 Loan amount | Hard Money Bridge Loan | Cash Out Refi | Berkeley, CA
$1,008,000 Loan amount | Full Doc Jumbo Loan | Purchase| 80% LTV | Anaheim, CA
$1,740,000 Loan amount | Hard Money 2nd Position Bridge Loan | Cash Out Refi |61% CLTV | Berkeley, CA
$4,775,000 Loan amount | Hard Money Bridge Loan | Cash Out Refi | 62% LTV
$505,000 Loan amount | Full Doc FNMA Loan | Purchase | 85% LTV! | Ventura, CA
$2,100,000 Loan amount | Hard Money Bridge Loan | Cash Out Refi | 51% LTV | S. Carolina
And many more.
We do them all, so give me a call!
Recap of Our Loan Products:
- Hard Money Loans (20% down / minimal documentation) Typically, funds 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 $2.5MM
- Investor Cash Flow Loan – No tax returns or DTI calculation! Based on the subject property’s cash flow
- 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)
- 10% down Jumbo’s up to $1.5MM
- 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 years Fixed, Conventional Conforming Loans
- High Balance Conforming aka Super Conforming
- Jumbo’s to $10 Million / 10% down Jumbo to $1.5MM
- FHA, USDA
- ARM’s
- Reverse mortgages up to $1 Million Value
- Refinance including Cash Out
**Rates and terms are subject to change without notice
