homebuying process step_by_step

LOANOPOLY START HERE FUNDING CLOSING TITLE COMPANY GO PRE-QUALIFY FIND A HOME PREPROCESSING CONTRACT APPLY UNDERWRITING APPRAISAL INSPECTION PROCESSING CLOSING CONDITIONS LOAN FINAL APPROVAL CLOSING DEPARTMENT FINAL WALK-THROUGH A signed sales contract between you and the seller is provided to title company and our processing teams. I review your credit report and income so you’ll have a good idea of what you may be approved for later. I will request documents from you and begin to prepare your loan for the processor and underwriter. Meet with me to review and sign your loan application. Processor receives and reviews documents, appraisal, title ins., tax certs. and verifications are ordered. You need to order homeowner’s insurance. Inspect your potential property for structural, electrical and plumbing issues. An independent, objective appraiser determines the market value of your home. Underwriter provides a list of closing conditions to me to complete your file. I arrange for collection of closing conditions from all parties. Closing documents and funds are finalized and sent to the title company. You find out the exact amount to bring to closing. You conduct a final walk-through of the property to approve the condition of the house prior to signing closing documents. The title company compiles all paperwork and draws up documents to be signed by all parties. Parties sign closing documents and meet funding conditions. This process takes about one hour. Title company requests funding. Once complete, you take possession. Time to move-in and enjoy your new home! Important Tips for Winning the Loan Game DON’T change jobs, become self-employed, or quit your job DON’T make any large purchases such as an automobile, furniture, etc. DON’T use charge cards excessively or be late on payments DON’T co-sign a loan for anyone DON'T apply for any new credit DON’T make large deposits without being prepared to explain and document the source of funds DON’T change bank accounts DON’T spend your closing funds I will need a copy of your earnest money cancelled check and an updated bank statement as soon as it clears your bank. NMLS# 338923 “Real People, Real Stories, Real Solutions” AnnieMac Home Mortgage, 6912 West Linebaugh Avenue • Suite 101 • Tampa, FL 33625. Licensed Correspondent Mortgage Lender in Florida (#MLD252). Susan Harvey Licensed Mortgage Originator NMLS# 275224 Ph: 813.261.4783 Mob: 813.523.7565 Fx: 866.637.3434 [email protected] susanharvey.annie-mac.com

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LOANOPOLY

START HERE

FUNDING

CLOSING

TITLE COMPANY

GOPRE-QUALIFY FIND A HOME PREPROCESSING CONTRACT APPLY

UNDERWRITING

APPRAISAL

INSPECTION

PROCESSING

CLOSINGCONDITIONS

LOAN FINALAPPROVAL

CLOSING DEPARTMENT

FINALWALK-THROUGH

A signed sales contract between you and the seller is provided to title company and our processing teams.

I review your credit report and income so you’ll

have a good idea of what you may be

approved for later.

I will request documents from you and begin to prepare your loan for the processor and underwriter.

Meet with me to review and sign your loan

application.

Processor receives and reviews documents,

appraisal, title ins., tax certs. and verifications are ordered. You need to order

homeowner’s insurance.

Inspect your potential property for structural,

electrical andplumbing issues.

An independent, objective appraiser

determines the market value of your home.

Underwriter provides a list of closing

conditions to me to complete your file. I

arrange for collection of closing conditions

from all parties.

Closing documents and funds are finalized

and sent to the title company. You find out

the exact amount to bring to closing.

You conduct a final walk-through of the property to approve the condition of the

house prior to signing closing documents.

The title company compiles all paperwork

and draws up documents to be

signed by all parties.

Parties sign closing documents and meet funding conditions. This process takes about one hour.

Title company requests funding. Once

complete, you take possession. Time to

move-in and enjoy your new home!

Important Tips for Winning the Loan GameDON’T change jobs, become self-employed, or quit your jobDON’T make any large purchases such as an automobile, furniture, etc.DON’T use charge cards excessively or be late on paymentsDON’T co-sign a loan for anyone

DON'T apply for any new creditDON’T make large deposits without being prepared to explain and document the source of fundsDON’T change bank accountsDON’T spend your closing funds

I will need a copy of your earnest money cancelled check and an updated bank statement as soon as it clears your bank.

NMLS# 338923“Real People, Real Stories, Real Solutions”

AnnieMac Home Mortgage, 6912 West Linebaugh Avenue • Suite 101 • Tampa, FL 33625. Licensed Correspondent Mortgage Lender in Florida (#MLD252).

Susan HarveyLicensed Mortgage OriginatorNMLS# 275224Ph: 813.261.4783Mob: 813.523.7565Fx: [email protected]

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