Simple Steps to Buying Your First Home

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Buying your first home doesn’t have to be intimidating. Follow these simple steps designed to help you through the home buying process.

  1. Get pre-qualified – Meet with a qualified home loan specialist to find out exactly how much you qualify for, and what documentation you will need to provide. A credit check will usually be completed by this part of the process.Documentation Needed for Pre-qualification:

    A. 2 recent pay-stubs
    B. 2 months of bank statements to verify funds that will be used
    C. Government issued ID
    D. Most recent year’s tax returns

  2. Find a home – Now that you’re pre-qualified, it’s easier to find the right home. A realtor can help you find the right home for you and, when ready, help with the purchase contract. They are a great resource, but aren’t required for the home-buying process.
  1. Begin loan application – Pre-qualification was just a preliminary step. Once you find a home, and have an accepted offer, we can begin the loan application. If anything has changed since your pre-qualification, updated documentation may be necessary along with a copy of the purchase contract for the home.

4. Complete Due Diligence – A buyer’s due diligence are the things the buyer needs to complete to finish the home purchase. These include:

A. Home inspection
B. Final loan approval

5. Closing – Once all the above steps are completed, you’re ready to close. This is the big day! All parties involved will schedule times to sign the necessary documents to transfer home ownership to you.

 

 

 

The home buying process can seem daunting, but don’t let that overwhelm you. Any Mortgage Loan Professional at Utah Community Credit Union can help walk you through the process. Speak to our mortgage professionals today at 801.223.7640.

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Meet your Mortgage Loan Officer

Here at UCCU, we have been helping people buy their homes in our community for decades.  We have experienced home buying experts that will help you every step of the way through the home buying process.  When it comes to real estate, most people have a lot of questions, your mortgage loan officer can help with any question, big or small.

With over 50 mortgage programs offered through UCCU, it’s important to have a mortgage loan officer you can trust.  Our loan officers view each client as a unique individual, along with the value of understanding regulatory changes to ensure each client gets the best financial plan for them.  While everyone’s situation is different, your mortgage loan officer can help you find the perfect solutions to your mortgage loan needs.

We provide 3 easy steps to follow as you prepare to purchase your home:

Finding your price range

The key to finding the perfect home is to find the right price that fits your budget.  A home buying expert will help you determine your price range.  Online calculators may be convenient, but they may not tell the whole story.  Other questions may arise such as property taxes, homeowner’s insurance, etc.  Getting help from a home buying expert is a quick and easy process.

Shopping for your home

You’ve been looking for months for your dream home, but having some complications along the way?  Your home buying expert will help you find the home you’ve been dreaming of.  We have the right information that makes searching for you home simple and stress free.

Closing your loan 

Finally, you have found the right home for the right price!  But now gathering all your documents and getting your loan ready for final approval can feel overwhelming.  That’s why your home buying expert will be right by your side every step of the way.  From ordering a home appraisal to locking the lowest possible interest rate and seeking approval from an underwriter.  UCCU has full time underwriters, which is a huge advantage for home buyers.  Your home buying expert will even be there when you close your loan.

So relax!  Our home buying experts make the home buying process easy, simple, and stress free.  We have all the tools you need to purchase your home from start to finish.  So make your home buying experience a fun and pleasant one with your UCCU home buying expert!

Ready to get started?  Visit our UCCU Buyer Relax page to take your first step!

Ready to apply? Visit our Home Loan Center page to get started!

Click here to search for a Home Buying Expert near you!

For questions, please call 801-223-7640

HOme Buying relax

 

 

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