The Homebuying Process
Before you can imagine moving into your new home, you’ll need to move through the steps of securing a loan.
Finding your first-home fit
You’re starting a thrilling journey! Let’s explore what you and your family are most excited about when you’re ready to buy a home.
Pre-qualification vs. pre-approval
Knowing the difference is an important step in the approval process. Why? It’ll help you and your mortgage lender determine your ideal buying price range.
| Pre-qualification | Pre-approval |
|---|---|
| Snapshot of finances | Deep dive into finances |
| General estimate of what you may be eligible to borrow | What you actually qualify for |
| No formal application or credit check | Application and credit check required (hard hit) |
| Great way to begin house-hunting | Required for formal offer on a home |
| Needs updated every ~30 days | Good for 30-90 days |
Ready to buy your dream home?
Get pre-approved now to find out how much you can borrow.
Finding a real estate agent
Knowledgeable and trustworthy real estate agents can make a significant difference in your experience.
The home search process
Your agent can help you be realistic about wants vs. needs. There’s a home waiting out there that will fit what you’re looking for!
Ready to make an offer
Once you’ve found your dream home, work with your agent to negotiate and schedule a home inspection. Home sale agreements typically include loan contingencies — read about them below.
