Homebuying Process FAQs and Answers

When buying a new home, it’s perfectly normal to have a million questions running through your mind. We want to alleviate some of these questions and make sure your home-buying process is a breeze. Here are some frequently asked questions and their answers.

Q: How long do I have to get a loan approval?

A: Preliminary loan approval is 5 business days following effective date of contract.
Q: If I don't get an initial approval, is my deposit refundable?

A: Yes, as long as you notify us within 3 days of your loan denial.
Q: Do I get keys at closing?

A: Keys will be given to you once funding has been completed. Funding typically occurs 24 to 48 hours after closing.

The Do's

DO save all bank statements, pay stubs, W2's, etc.
DO make on-time payments for all credit cards, loans, rentals, etc.
DO save money for deposits and down payments.
DO keep current employment and income sources.
DO notify your lender immediately of changes to income sources (salary and other compensation).
DO provide lender your homeowner's insurance agent name and contact information.
DO save all documentation of large or significant deposits into your bank accounts.
DO make sure that all earnest money is from an acceptable source (savings or checking account, 401K etc)
DO ask questions about anything you feel is unclear.

The Don’ts

DON'T quit or change your employment or income sources.
DON'T make any major purchases (car, appliances, furniture, etc).
DON'T apply for new credit, "same-day" loans, etc.
DON'T make any late payments on your existing credit accounts or mortgage.
DON'T max out or over-charge your credit cards.
DON'T write any insufficient funds checks (NSF).
DON'T transfer any large or significant deposits to your checking or savings accounts.
DON'T co-sign for another person for a loan or line of credit.
DON'T dispute or pay off any credit lines, loans, or collections without first consulting your lender.

WHERE DO YOU WANT TO LIVE?

Find Your New Home

Patio with two wicker chairs, a small table, and a decorative lamp behind a metal railing.

Communities

Couple sitting on stairs in a bright living room with a dog nearby, modern decor and a beige sofa with yellow pillows.

Floorplans

Modern three-story townhouses with white picket fences, blue sky, and mountains in the background.

Quick Move-In

Q: How long do I have to get a loan approval?

Q: If I don't get an initial approval, is my deposit refundable?

Q: Do I get keys at closing?

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