The Home Buying Process

Step 1

Education – learn as much as possible about the home buying process and the responsibilities of homeownership.  Additionally, it is highly recommended that you contact a housing counselor in your area for further information and support.

 

Step 2

Determine how much money you need to bring to the home purchase transaction and then save those funds if you haven’t already.  

 

Step 3

Shop for a mortgage lender.

 

Step 4 

Do we qualify for down payment assistance?
Downpayment Assistance

 

Step 5

Get pre-approved with a mortgage lender.

 

Step 6  

Shop for a Realtor.

 

Step 7

Work with the Realtor to find properties to view that meet your criteria for a home that would be suitable.

 

Step 8

Make an offer on a home.

 

Step 9  

Have an inspection.

 

Step 10

Negotiate with seller if necessary on any items called out in the inspection for replacement or repair on the house.  (A home inspector's job is to provide you with an extensive list of every defect, both trivial and important, on the property.  Consult with your Realtor to decide on which items you would like to request a replacement, repair or credit from the seller, and which are not issues for you.)

 

Step 11

Be responsive to any inquiries or requests from your realtor or lender.

 

Step 12

Closing – meet with the escrow officer, either at the escrow company or with a mobile notary, to sign the loan documents.

 

Step 13

Celebrate -  you own your own home!

 

Step 14

While enjoying your home – continuously maintain and make repairs as necessary to keep your family safe and protect your investment – see “Successful Homeownership” on this site for more assistance.