Hop on the Path That Leads to Your New Home

Mortgages can seem overwhelming, but we’re here to help you understand each stop on the home buying path—so you can stress less and focus more on your future home.

Hover on each stop below to learn more.

1. Get pre-qualified

After meeting with your realtor, they will advise you to obtain a pre‑qualification from your bank, to determine what you can afford. Call or stop by your bank to speak with a bank representative or apply online.

2. Find your home, negotiate a contract

Once you’ve found the perfect home, you can negotiate your purchase contract with your seller, the seller’s real estate agent or your real estate agent.

3. Apply for a mortgage

The easiest way to do this is to start with our Application ChecklistOnce you have gathered all of the required information, you can then either meet with a Mortgage Originator or simply apply online

4. Select a closing agent

Choose a closing agent or attorney who will make sure all title and deed transfers for your new home are verified. This is the person who will close your loan at the end of the completed mortgage process.

5. Review of your application

Once the bank receives your completed application, the mortgage application process begins. Your bank will review your employment, income, assets, debt, credit report and other applicant information for your loan.

6. Appraisal of property

The bank will call for an appraisal which estimates the value of the property. A copy of the appraisal will be sent your way once the bank approves. This is the time for you to have a home inspection done if you choose to do so. An appraiser and a home inspector look at the property in very different ways.

7. Final review of loan

The bank will review all of the information provided for your application before a final decision is made. This review entails a thorough analysis of your income, credit, cash reserves and the property itself. If applicable, you may be asked to verify some information before the bank makes a final decision.

8. Commitment letter

After the bank has approved your loan, you’ll receive a commitment letter outlining the details of your mortgage. This letter will layout the terms of your loan. Make sure you start shopping for homeowner’s insurance as you’ll need proof of this coverage prior to closing. The policy should be forwarded to your attorney or closing agent no less than one week prior to closing.

9. Closing day!

Your attorney or closing agent will schedule a date for your closing. On this day, it will be their responsibility to provide tax and insurance information on the home, along with a preliminary settlement statement. Get your pens ready because you’ll be signing a variety of necessary documents of which you’ll get copies for your records. Once all paperwork is in order, you’ll be handed the keys to your new home! Congratulations on this significant milestone!

Let's get started

Have you found a home you're interested in? Apply now or crunch some numbers to see what your mortgage could look like!