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Home Mortgage Checklist

  1. Educate Yourself
    • There are home buying courses or online studies that you can take part in to help you reach your first step in home ownership. Many of the trainings that are offered give you a Certificate of Completion. Sometimes this is required in loan programs and down-payment assistance.
  2. Get Pre-Approval for a Mortgage Loan
    • Before you can buy a house, you need to decide what you can afford. Lenders offer free consultations to determine what you can really afford. They will review your credit and are able to discuss loan options. Gather a pre-approval certificate to submit with your offer.
  3. Find a Real Estate Agent that Fits Your Needs
    • As a first time buyer, a real estate agent can be helpful to you. If you find a reputable agent, they can represent your interests during the process, help narrow your search, and guide you through the paperwork that can be confusing to complete the purchase.
  4. Go Hunting for Real Estate for Sale
    • Browsing local Alabama or Florida homes for sale on your own allows you to determine what your wants and needs truly are. This also gives you an opportunity to view what is available within the budget that you have.
  5. Make the Offer
    • Before deciding anything, make sure that you understand every part of the terms and conditions. An offer-to-purchase is a legal and binding contract.
  6. Home Inspection
    • You want to verify that the home you are buying is safe and that all the mechanics of the home are in good working condition. Avoiding any surprise repairs in the future is in your best interest.
  7. Get a Loan Commitment
    • You will need to decide on a loan program and lock in the rate. The lender will have an appraisal done on the home to confirm the home’s value. If you are able to obtain down payment assistant, your lender will do this on your behalf. When you have the commitment letter, it will remove the financing contingency in your offer to purchase.
  8. Closing Preparation
    • Review your final loan commitment, have homeowner’s insurance ready, and get ready to move!
  9. Time for Move In!
    • After you officially buy a house, it is finally time for you to move into your new home and enjoy!