Jumbo Loans

These loans have higher loan limits that help you purchase high-value property. Low down payments are possible.

VA Loans

VA loans help make homeownership more attainable for veterans and military service members. These loans are federally insured and available with no down payment.* Plus, they don’t require private mortgage insurance.

*Closing costs and fees may still apply.

FHA Loans

FHA loans come with low down payment options and lenient credit requirements. These federally insured loans are designed to help more people achieve their homeownership goals.

USDA Loans

USDA loans are government-insured loans that help people purchase homes in rural areas. These loans are often available with low or no down payment.*

*Closing costs and fees may still apply.

Conventional Loans

Conventional loans offer affordable rates and flexible down payment options.

Preapproval

A preapproval helps you know in advance how much home you can afford. To start, you may be asked to complete a loan application. Completing this step will also increase your negotiating power when making a purchase offer.

Documentation

Paperwork supporting the application must also be submitted, which includes income and asset documents.

The Hunt

Begin shopping for a house. Once you find the right one, the terms of the sale will be negotiated, including the price and potentially the terms of the loan being sought. A professional real estate agent can make this part of the process fun and less frustrating.

Inspection and Appraisal

Lenders require an appraisal and may require certain inspections on all home sales. By knowing the true value of the home, the borrower is protected from overpaying. During this time, a title examination is also performed to determine whether any liens exist on the property’s previous owners. 

Loan Decision

The loan is approved or declined. A conditional loan approval may be contingent on additional documentation or actions. In some cases a counter approval may be provided with alternative loan options.

Tuesday Updates

Each week our Loan Concierge provides a weekly status update to our clients and all involved in the transaction keeping everyone on the same page each week until closing. Additional updates are provided at other times during the process, however, we like to make sure all the bases are covered on a regular weekly expectation.

Closing

All final loan and escrow documents are signed. The lender confirms and completes the transaction with the necessary loan funds.