Steps to Buying a Home | Valor Lending Group
Check out our Helpful Steps to Buying a Home you deserve to know.
When buying a home you need a team behind you that you can trust! We are here to simplify your home buying experience!
Many times a home buyer, especially a first time home buyer, will not understand that buying a home is a marathon and not a sprint.
Valor Lending Group can help you every step of the way through the home buying process.
And we are now licensed in the sunshine state of FLORIDA!
Buckle up Floridians because here comes the Valor Pride!
That being said, let’s look at how simple the process can be.
Steps To Buying A Home | Valor Lending Group
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
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!
We are NEVER too busy for your referrals!
WE SAVE DEALS!
TRUST US TODAY!
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
- Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow – No DSCR Coverage needed!
- 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:
- Conventional Conforming Loans
- High Balance Conforming
- Jumbo Loan Financing | 10% down Jumbo to $1.5mm
- FHA, USDA
- Reverse mortgages up to $1 Million Value
- Cash Out Refinancing
**Rates and terms subject to change without notice
We are never too busy for your referrals!
For the most up to date mortgage news visit: Mortgage News Daily
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