Helpful Steps to Buying a Home

Helpful Steps to Buying a Home | Valor Lending Group

Valor Lending Group has the helpful steps to buying a home that you’ve been looking for!

Are you interested in buying a home?

Do you not know where to start with the home buying process?

Valor Lending Group has helped thousands in California and Arizona with their mortgage loans. We are excited to announce that soon we will be fully licensed in Florida. There is no question too big or too small that we won’t be able to help you with. We pride ourselves on our top-notch communication skills to tackle any situation that comes our way. Reach out to us today, and one of our loan officers will get back to you ASAP with advice you can trust!

There are certain steps to take when buying a home and if you don’t know where to start it can be very overwhelming. Finding the right team to help you along in this process is a MUST! When you have the right team behind you the home buying experience can be simplified.

Check out our 6 helpful steps to buying a home you deserve.

If you are a first-time homebuyer, you may not understand the steps and time it takes to buy a home. It is not a sprint, buying a home is a marathon. That being said, take a look at this simplified process below.

6 Helpful 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 perform 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!

You Are Now a Homeowner

Recap of our Loan Products:

1. Hard Money Loans (20% down / minimal documentation) Typically Fund in 7-10 days.
2. Stated Income Loans (Great for business owners and self employed ) No tax returns!
3. 100% financing is available (we can cross collateralize other properties if there is enough equity)
4. Valor VA Home Loan 100% financing up to $1.5MM
5. Investor Cash Flow Loan – No tax returns or DTI calculation! Based on subject property cash flow
6. Flipper & Rehab Loans (Flip a property with one of our many options)
7. 2nd Position Loans up to $5mm
8. Raw Land & Lot Loans
9. Ground up Construction for spec homes, custom homes and commercial ground up.
10. Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
11. 10% down Jumbo’s up to $1.5mm
12. Manufactured Housing / Mobile Homes (20% down / 600+ credit score)
13. Acreage Properties
14. Commercial Loans up to $500mm
15. 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
16. Foreign Nationals Loans (no social security or residency required)

We also offer:

1. 10, 15, 20, 25, 30 year Fixed, Conventional Conforming Loans
2. High Balance Conforming aka Super Conforming
3. Jumbo’s to $10 Million / 10% down Jumbo to $1.5mm
4. FHA, USDA
5. ARM’s
6. Reverse mortgages up to $1 Million Value
7. 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.

I look forward to an opportunity to demonstrate my prompt and professional service.

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