First-Time Homebuyer

Step 1:  Getting Pre-Qualified

This will give you an idea of what loan amount

and purchase price you can afford. 

Step 2:  Determine which mortgage loan best suits your needs

There are many loan options available from

first-time buyer programs to traditional conventional, jumbo, and FHA loans.

Step 3:  Contact a real estate agent and start shopping

Once you've been pre-approved and have an idea of what price range you

qualify for, you can work with a Realtor to view homes for sale in the areas you'd like to live.

Step 4:  Review your loan application and update your loan

Depending on how much time has passed since we issued

your pre-approval, we may need to collect some updated information and updated documents from you.

Step 5:  Lock in your rate

At this point, if you'd like to secure your interest rate, your Mortgage Loan Originator

will send you a lock agreement to confirm the terms of the loan and rate.

Step 6:  Home inspection and appraisal

It is advisable to schedule a home inspection with a professional who will walk you through the property to look for any red flags such as structural damages or appliances that may not be working properly and other items that may need to be fixed.  While your loan is being reviewed and processed, we will schedule an appraisal appointment with the seller's agent to confirm the value of the home. 

Step 7:  Loan approval, signing, and closing

Once we have everything we need, your Processor will submit your complete file to the

underwriting department for approval. Once approved, we will prepare loan documents for you to sign.

To view legal disclosures and important notices, please click the following:   

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This site is not authorized by the New York State Department of Financial Services. No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site. 856-366-9522 is not for use by New York borrowers.

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