Grow Financial Federal Credit Union
May 9, 2018

Buying 101: 6 Steps to Home

Are your neighbors making too much noise? Is your mom stealing clothes from your closet? Are your roommates leaving the place a mess? Then it’s time to find a home of your own. Grow Financial can help. Talk to a Grow Real Estate Loan Officer at 800.839.6328, ext. 2694.

1. Financial Prep
What’s your credit score? Higher scores get you lower rates on your mortgage. Also, get a free copy of your credit report at annualcreditreport.com.
Have at least $5,000 to $10,000 for down payment, fees and closing costs.

2. Pre-Qualify: 800.839.6328, ext. 2694
See how much financing you qualify for, and your best options.
Realtors need to see a preapproval before showing you homes.

3. Get Realtor, Go Hunting
Get recommendations for realtors from friends, and do a search. Go with someone you trust.
Don’t fall in love with the first house you see. You’ll know it when you find it!

4. Make an Offer
Don’t low ball. Be fair, be willing to negotiate.
Buyer accepts? Now you’re almost ready to close!

5. Appraisal & Inspection
We’ll send an appraiser out to the home you’re buying, to ensure the list price reflects the true value of the home.
Have a reputable home inspector look closely at the house you’re buying, also schedule a termite inspection.

6. Closing
This takes place at the office of the title company.
Review your loan documents before signing.
Get the keys and open the door to your new home!

Questions? Talk to a Grow Real Estate Loan Officer at 800.839.6328, ext. 2694.

 NMLS# 477765

 


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