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801-571-8581  NMLS# 149728

801-571-8581

Buying
 

Buying a home is an important decision and an intricate transaction. It may be one of the largest investments you ever make. Part of our job is to help educate you on the process and assist in coordinating the entire transaction with a team of professionals that will have your best interests in mind.


Don’t let this flow chart intimidate you. We’re here to walk you through every step along the way. When you have questions, don’t hesitate to call or email us for insight and advice. Every transaction is a little different, so the steps shown may vary on your purchase.

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Home Purchase
Flow Chart
 Initial Consultations:
Review Goals / Commit to Team
Submit Loan App. / Pull Credit / Pre-Qualify
 Maximize Credit Score Potential & Debt-to-Income
 Detemine Best Loan Program for Your Goals
 Initiate Loan Processing
 Market Education / Viewing Property
 Select a Home to Purchase / Write the Offer
Give Earnest Money (Good Faith Funds)
Present Offer to Seller / Negotiate Terms
Accepted Contract!
 Open Escrow / Deposit Earnest Money
 Amend Loan Application w/ Property Data
 Title Search / Preliminary report on Buyer/s & Prop.
 Review Property Disclosures
 Schedule / Perform Inspections
Loan Processing Continues / Appraisal
 Remove Inspection & Other Contingencies
 Loan Commitment Remove Financial Contingencies
 Arrange for Homeowners Insurance / Movers Schedule Utilities & Home Services
 Re-check Credit Reoprt/s for Changes
 Balance of Down Payment in Cashiers Check Sign Closing and Loan Papers
 Loan Funding / Record Title at County
 Close Escrow / Get the Keys!
 Refer Many of Your Friends & Family to Me


 
Disclaimer:  No statement on this site is a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet Loan-to-Value requirements, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines and are subject to change without notice based on applicant’s eligibility and market conditions. Refinancing an existing loan may result in total finance charges being higher over the life of a loan. Reduction in payments may reflect a longer loanterm. Terms of any loan may be subject to payment of points and fees by the applicant. SecurityNational Mortgage Co. is an Equal Opportunity Lender. NMLS#3116

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