The home buying process and what to expect
The home buying process can seem intimidating at first but we are here to make sure that it goes smooth and straightforward for you. Getting started is as simple as filling out our quick and secure Free Quote form or give us a call.
Prequalifying for a home loan is the first step to any mortgage loan. Prequalifying is important because it gives you an estimate of how much home you can afford and what the monthly payments will be. This takes about 15 to 20 minutes and can be done over the phone or in person. Once completed we can provide you and or your Realtor with a Conditional Qualification Letter, to present with your offer to the seller which lets them know your serious and ready to purchase.
Getting pre-approved is the next step after prequalifying. During this time you can start the search for your new home and you and your Realtor can accurately search for homes in the price range that you have been qualified for. We will get all the necessary documents from you and start the underwriting process for your San Antonio mortgage.
It's time to structure an offer and negotiate a contract with the seller and to get the home under contract. This is a crucial part of the process because when buying a home there are alot of loan programs that allow the seller to pay 4% or more of the sales price plus the title policy. Which if the contract is structured properly you can have very little closing cost out of pocket at closing!
During this time the inspections for the home will be done and we will order the appraisal. We will process the documents and send the file to be underwritten by the Underwriter. Their job to to ensure that all the guidelines for the paticular loan have been met.
Once we recieve a Clear to Close from the Underwriter the loan file will go to the Closing Department for the attorneys to draw the documents that you will sign at closing.
The closing will usually take place at a Title Company and that is where you'll sign paperwork to finalize your new loan.
Two forms of identification.
Cashier’s Check (if required) for the funds that are needed to close, made payable to the title company.
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We are located in San Antonio, Texas and are Licensed Mortgage Broker and a VA Approved lender and proudly boasts an A+ rating from the Better Business Bureau.