Step 1

Get Pre-Approved For Your Mortgage

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.

Get Pre-Approved

Step 2

Happy House Hunting

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.

Step 3

Submit An Offer

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.

Step 4

Contract and Appraisal

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.

Step 5

Inspections

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.

Step 6

Mortgage Approval

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.

• Proof of Income
  • Tax returns
  • W-2s
  • Recent pay stubs showing year-to-date income
  • 1099 forms and profit and loss statements if you are self-employed
  • Divorce decrees verifying alimony and child support payments
  • Proof of Social Security or disability income
• Bank & asset statements
  • Stock or bond account statements
  • Retirement account statements
  • Proof of gift funds and gift letters, if applicable
  • Documents for the sale of assets
• Purchase Contract and Addendums
• Photo ID or Resident Alien Card
• Legal Documents (trust documents, Power-of-Attorney, etc.)
• Insurance Policies
  • The homeowner’s insurance policy will insure your home for the loan amount or the estimated cost to replace and provide proof of coverage to the title company.
• Other Items:
  • Letters of explanation for credit mishaps
  • Documented rent payments if you currently rent

Step 7

Closing Costs

You'll receive your closing disclosure prior to closing, which shows all costs and the amount needed for closing.

Step 8

Final Walk-Through

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.

Step 9

Loan Closing: Welcome to your new home!

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!

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