fbpx
Useful Steps To Buying A Home

Date

Share this article

Useful Steps To Buying A Home | Valor Lending Group

Check out our Useful 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.

That being said, lets look at how simple the process can be.

Useful 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 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!

You Are Now a Homeowner

6 steps to buying a home

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.

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.

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. Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow – No DSCR Coverage needed!
  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. Conventional Conforming Loans
  2. High Balance Conforming
  3. Jumbo Loan Financing | 10% down Jumbo to $1.5mm
  4. FHA, USDA
  5. Reverse mortgages up to $1 Million Value
  6. Cash Out Refinancing

Useful Steps To Buying a Home | Valor Lending Group

We are here to help you along the way in your home buying experience! We look forward to working with you!

**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

Check out our GOOGLE REVIEWS

Did we miss anything?
  • Call or Email me (Stefanie Prescher) if there is any information that we have missed
  • Follow us on Social Media
  • Share this on your Social Media
  • Do not hesitate to give us your feedback
  • Ask us for a quote
  • Visit our home page to check out what Valor Lending Group has to offer

About the Author

More
articles

Get a Quote

 
 

Online Calculators

Our calculators will help determine how large of a loan you qualify for.