The Loan Process

Once you are pre-approved for your loan, you will find a Real Estate agent to assist you in finding your new home. When you have an accepted offer on a home, you will put down an earnest deposit. Your real estate agent will assist you in determining the amount you will wire to escrow. This money will go into an account and will be applied towards your closing costs or down payment. 

Next, Caroline will email you your initial loan disclosures to review, sign and date. The next steps are submitting your loan to an underwriter and ordering your appraisal. The appraisal is important because it determines the value of the home you are buying. A copy of the appraisal will be emailed to you for your records.

After your loan is underwritten, Caroline will give you another list of documents needed to fund your loan. It will be up to you to select what insurance company you will use for homeowner’s insurance and how you will hold title. She will walk you through every step and answer any questions you have throughout your loan process.