Make the decision to be a homeowner
Apply for a mortgage and submit required paperwork
Choose an Agent
Shop for a home/start placing offers
Offer gets accepted
Get to know your escrow officer/wire in your initial deposit
Order a home inspection (highly recommended but not required)
Lender will order your appraisal
Underwriting clears your loan to close
Sign your paperwork with a notary
Get keys to your new home!
Once an offer has been accepted, you will receive loan disclosures that will clearly show your purchase price, down payment, monthly payment and closing costs. These are due out within 72 hours of the receipt of the purchase contract.
An appraisal is a formal report prepared by a licensed professional. The appraiser will visit the subject property, take pictures and measurements and give you an assessment of the value along with the basic condition of the home.
The loan processors will analyze your pay stubs, W2s, tax returns and then verify that the information provided on these forms are accurate. They also verify your income as reported with the IRS. The processor prepares the loan file for underwriting.
Since we only hire the best, you can be sure that your loan file is treated with love. It’s not just paperwork, we read the whole story. The underwriter may ask for additional documentation in preparation for closing.
Time for a happy dance. We are now ready to get you to the closing table by preparing your final loan documents. Thanks to our awesome teamwork, you will have a smooth and exciting closing experience.
When you’re happy, we’re happy.
Congratulations on a successful transaction. Your loan is funded. Here’s to our new and lasting partnership!
(510) 928 - 4260
Oakland & Sacramento
Padi Goodspeed | Branch Manager | NMLS #2611
Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Guaranteed Rate for current rates and for more information.
3907 Park Drive, Suite 235,
El Dorado Hills, CA 95762
Oakland, CA 94607