The home buying process is an exciting one. But, it can also be long and nerve-racking. Knowing what to expect will help you navigate the search and purchase process of securing your new home. That’s why we’ve broken things down:


Before you start house hunting, it’s important to know your budget. Several different factors can determine this, including your credit score, your monthly expenses and how much you’re planning to put down. Your Loan Officer will run your credit, help you identify any errors, and ascertain what you can afford.

Meet With Your Real Estate Agent

Real estate agents help you quickly identify the homes that are within your budget. By telling them about your wish list of home attributes, they’ll identify the best options. Once you’ve found a home you would like to purchase, they can then help you make an offer.

Find Your Perfect Home

A home is more than a few bedrooms and bathrooms. It’s commuting distances and backyards where you can plant gardens. It’s stairs or no stairs. It’s ceiling fans, marble countertops, and flat driveways where you can shoot hoops with the kids. As you start house hunting, consider what’s important to you. Everything from school districts and amenities to lot size and neighborhood are fair game when you’re thinking about your future home.

Make Your Offer

Once you and your real estate agent find a home you love, it’s time to make an offer. Remember, just because you make an offer doesn’t mean the deal is done. The seller could accept another offer or make a counter offer.

After you and the seller agree on a price, you’ll make an earnest money deposit. This money goes in escrow as a sign of good faith that you intend to purchase the property. If the sale is contingent on the sale of your current home, you’ll also have to wait while that transaction is complete.

Inspection and Appraisal

Before you close, the house will have to be inspected and appraised. This safeguards you against unforeseen problems down the road and allows your lender to be confident in the risk they’re taking.


Your there! The countless hours of signing papers and house hunting are behind you. Congrats! Closing means the sale is complete. All of the terms and conditions of the purchase agreement have been met. Now, the seller will give you the property title.

However, you’ll also have to pay your closing costs. These are the fees and expenses associated with closing. Typically, these range from three to five percent of the total amount of your loan.

Do you have additional questions about the lending process? Contact one of our Loan Officers today.