36 STEPS TO BUYING A HOME

1. Pre-qualification issued and loan programs discussed

2. Potential Property Search & Showings by Melanie

3. Choice Made & Offer Submitted

4. Contract  Accepted

5. Escrow Opened with Title Company & Earnest Money Deposited

6. Loan application taken, Loan Estimate (LE) delivered within 3 days

7. Contract reviewed and contingency dates noted

8. Buyer’s required funds deposited

9. Preliminary Report/Title Commitment ordered

10. Inspections ordered

11. Credit report ordered

12. Appraisal ordered

13. Preliminary Report/Title Commitment reviewed & forwarded to lender & realtor

14. Disclosure package provided to buyer for review

15. Preliminary Report/Title Commitment reviewed by all parties

16. Loan program selected

17. Inspections reviewed and/or contingencies removed

18. Loan contingencies removed

19. Final documents accumulated for loan approval

20. Appropriate title report items cleared by escrow/settlement officer & any additional conditions reviewed

21. Loan package submitted to underwriting

22. Loan approved

23. All invoices/statements delivered to lender at least 10 days prior to closing

24. Closing Disclosure (CD) prepared and delivered

25. Signing appointment scheduled

26. Closing documents signed. Can’t occur less than 3 days after CD is received

27. Final funds from buyer deposited into escrow

28. Signed loan documents returned to lender

29. Funding package reviewed

30. Loan funds issued

31. Documents recorded with the local recording office

32. Escrow closed; final accounting; checks written & disbursed; closing statements issued

33. All parties notified by escrow upon closing

34. Keys released to new owner

35. TIME TO CELEBRATE!