Before you start looking for a home to buy, it’s a good idea to meet with your Loan Officer to get pre-approved for a loan amount. At this stage, the lender gathers information about income, assets and debts of the borrower (you) to determine how much house you may be able to afford. This includes a credit report, W-2 forms, pay stubs, Federal Tax Returns and recent bank statements. There are a variety of different loan programs, so make sure to get pre-qualification for the specific programs that best suit your needs.
When you find property you’re ready to buy, your lender will help you complete a full mortgage loan application, and talk you through the various fees and down payment options. The application is submitted to processing, where the documents are reviewed and appraisals and title examination are ordered. Then the loan is sent to an underwriter, who reviews and approves the entire loan if it meets compliance.
Don’t be surprised if you’re asked for additional documentation or clarification throughout the process. Once your loan is approved, don’t forget to set up homeowners insurance. Your documents will be sent to the title company, where you’ll sign for the new home and pay any remaining costs. Then the loan is recorded and you get the keys. Congratulations, happy homeowner!
The "Zero Plus Loan" from Keller Mortgage is here, and it offers buyers mortgage loans with $0 LENDER FEES!
Our team's mission is to help our customers achieve the VERY BEST deal possible. To that end, we pride ourselves with maintaining strong relationships with some of the top mortgage lenders in the industry, most of whom live right here in Pensacola. We've recently added Keller Mortgage to our comprehensive list of preferred lenders & we wholeheartedly encourage you to connect with each of them to see which firms offers you the best deal and service.
Inventory is low, so it's imperative that you make the strongest offer possible when there's the possibility for multiple offers! Having access to a mortgage loan with $0 lender fees could be a way to help you make the strongest offer by eliminating the need to ask the seller for additional closing costs assistance.
Reach out to us directly at (850) 471-5029. We'll gladly connect you to Keller Mortgage and our other lender partners.
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