The Financing Process

Here's an easy way to understand the financial steps you'll need to take to guide you towards your new home.

Calculate your budget

Apply for a mortgage/paperwork/loan application

Lender begins processing application

Lender provides estimated closing and related costs

Lending institution requests an appraisal of home, a credit report and verification of employment and assets

Estimate of your loan costs in form of initial Truth in Lending Disclosure Statement

Lender evaluates the application and approves the loan

Search begins

Sales Associate shows you multiple listings

You find the house you want

You make an offer

Lender disburses funds to closing agent

Sign closing documents and loan is funded

Appropriate documents recorded at county recorder�s office

The home is sold and it is yours