Steps to Purchasing a Home

Buying a home is one of life's most significant decisions and we're here to treat it like that. You've made a great first step by choosing Home Lenders of Georgia. Let's get you started on your homebuying journey! We'll outline your next steps towards purchasing your new home here:

1. Know what you can Afford - A Mortgage Pre-Approval is your #1 homebuying preparation tool. A pre-approval gives you a good idea of how much home you can afford, your interest rate, and the type of loan programs you qualify for.

Documentation you'll need:

• Photo ID

• Bank statements - last 2 months

• W-2 forms - last 2 years

• Paystubs - Received in last 30 days

• Tax Returns - 2 years

Documentation you'll need if Self-Employed:

• Photo ID

• YTD Profit & Loss and Balance Sheet

• Business Tax Returns - last 2 years

• Personal Tax Retunrs - last 2 years

• CPA Letter

• K-1 Statements

2. Find a Real Estate Agent - You'll want an agent that you know, like, and TRUST.

Don't know an agent? Ask us and we can match you with one we trust.

3. Start shopping for a home! When you find a home you love, submit an offer. Let your agent help you understand the conditions of the market and guide you.

4. Once your offer has been accepted, you are now under contract. In this stage of the process, you'll need to get the house inspected and appraised.

• Appraisal - Your Mortgage Loan Officer will take care of the appraisal request. You are responsible for paying the associated fees.

• Home Inspection - Even if you think the house is perfect, you need an expert to help determine what you need to save for future maintenance issues. A licenses inspector is trained to look for things you might not notice.

You will also need to provide proof that you have adequately insured the home. You must purchase homeowner's insurance.

5. You're now more than halfway done. After the appraisal has been ordered, the loan will be turned over to our processing department and submitted to underwriting for approval. Once we have a final approval, a CD (closing disclosure) will be issued to you at least 3 days prior to closing.

As one of the final forms you receive before you close on the loan, the Closing Disclosure allows you to review the final details. The loan term, projected monthly payments, and how much you will pay in fees and other closing costs will all be included in the CD.

We are here to give you the best possible home buying experience where we earn you as a client for life. It's important for us to provide a safe place and guarantee integrity. At the end of the day, we do what is best for YOU. You can depend on us to give you peace of mind, keep you up to date on your loan process, and take care of you every step of the way!