What is closing? What happens? Please explain...

Buyer’s 10 Steps to Closing

1. Apply for Loan Approval

Complete application and provide your loan officer with documentation supporting your income and assets. Ask me about the app!

2. Shop for a Home

Qualified applicants are provided with a conditional loan approval so your agent knows your target price range. 

3. Make Offer on Home

When you’ve found your ideal home, your agent will negotiate the contract and your loan officer will move forward with your application.

4. Home Inspection

We have the home inspected and based on the findings we open up negotiations again!

5. Set Up Insurance

Work with an insurance agent to get homeowner’s protection on your property to begin on your closing day.  Provide your loan officer with your insurance company’s information.

6. Home Appraisal

Your loan officer will order a home appraisal after a successful inspection.  The appraisal gives you an opinion of your home’s value.

7. Loan Underwriting

Underwriters will review your loan application and documentation for final approval.  Additional documents might be requested from you at this time.

8. Documents to Title Company

Your final loan documents will be sent from the lender to the title company for you to sign.

9. Closing

You’ll visit your title office to sign all the documentation and provide a cashier’s check for your down payment.

10. Funding

Your lender funds your loan.  The title company records the deed with the county and your home purchase is complete!

You ready to take the first step?