The Home Buying Process
A step-by-step look at buying a house.
Discuss mortgage options with our Mortgage Experts to see which loan is the right fit for you. It's best to get pre-approved before you start looking for homes. The pre-approval process will help you determine what price range you can and are willing to afford, strengthen your offer when you find a home you are interested in, and will speed up the closing process when you do decide to buy. Want to learn more about pre-approval?
Begin looking at homes in your price range. If you are unfamiliar with the home buying process, it may be a good idea to work with a Realtor to help you locate the perfect home.
Once you find the home for you, it's time to make an offer. You will negotiate the price and the terms with the seller.
If your offer is accepted, you will sign a purchase contract. Earnest money is typically collected to show your commitment. You will provide your lender with a copy of your contract, and you’ll complete a formal loan application. Once your lender has these items, they will order an appraisal.
As the buyer, you can choose to have your property inspected. The purpose of a home inspection is to assess the overall condition of a home and identify any potential issues or areas in need of repair. After the inspection, the home inspector provides a detailed report outlining their findings. This report helps make informed decisions about the property by highlighting any issues, safety concerns, or potential repairs needed, which can be used for negotiation, budgeting, or planning future maintenance.
Once your loan is conditionally approved based on the documentation you provided, your lender will issue a conditional loan commitment, providing any outstanding details needed.
Here is a list of documentation that may be needed to determine mortgage approval. The documentation needed is based on your current situation and will most likely not be this extensive.
You'll receive your closing disclosure prior to closing, which shows all costs and the amount needed for closing.
Prior to closing, you and your Realtor will do a final walk-through to make sure the property is in the same condition as the day you wrote the offer or that any agreed upon changes have been made.
Prior to closing, you'll receive disclosures containing all loan details. This allows time for you to review and ask questions. On closing day, you and the seller will sign documents at a title company or at a Midland Banking Center. After monies are collected and dispersed, you'll receive the keys to your new home!
Complete loan assistance all the way to the closing. Could not be happier!Joseph, Customer
Everything was explained or laid out in an easy way to understand. Every time I had a question or concern it was responded to quickly.Joshua, Customer
This was the most seamless process of purchasing a home that I have ever experienced. [Our lender] was absolutely amazing to work with. He was always very responsive, answered all my questions and was even able to close the deal one week early.Erin, Customer
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