If you're in the market to buy a home, you're in the right place. We can quickly talk through your budget, goals, and situation to give you what you need to buy a home.
A Fast & Easy Process
The first step in buying a home is to get a thumbnail sketch of your budget and situation so we can estimate what you qualify for. We refer to this back-of-the-napkin exercise as "Pre-Qualification." It doesn't give you the ability to make or execute a purchase contract, but it gives you a place to start from as you think through your budget and home buying options.
Depending on the complexity of your income, assets, employment, and liabilities, we can often work through your pre-qualification in ten minutes! If we need to review self-employment income it can take a bit longer, but the bottom line is that we can help most people get a sense of where they stand very quickly!
The next step is to gain an official "Pre-Approval" by going through a formal underwriting process. In this process, we will gather actual documentation and do a very detailed
analysis of your scenario. Depending on how fast you can gather the necessary documentation (paystubs, tax returns, bank statements) we can usually have a pre-approval done with 1-2 weeks.
The key issues we will look at are your creditworthiness from your credit report, your DTI (debt-to-income ratios), and the LTV (loan-to-value) depending on your down-payment strategy/equity in the property. There are different kinds of mortgages for different kinds of variables and we will place your loan accordingly. For example, FHA is a great option for people who need a lower downpayment or have some credit problems. Our job is to guide you every step of the way to make it as fast and easy as possible.