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Starting the exciting journey of purchasing your first home is a significant step toward your financial goals. Here at FCCB, we're passionate about turning your dream of homeownership into reality. Our mission is to empower you with the insights and support you need to make informed decisions as a buyer and borrower.

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Let's walk through each step of your homeownership adventure together:

Step 1 of 7 – Discovering Your Price Range:

Before you start scouting for your dream home, it's essential to understand your affordable price range. Any member of our mortgage team can help you prequalify for free in minutes so you will know exactly how much you can afford to borrow.

Step 2 of 7 – Understanding Your Borrowing Capacity:

Your monthly gross income and existing debts play a crucial role in determining how much you can borrow. We'll help you ensure that your loan payments and monthly debts (excluding utilities) stay within a safe range of your monthly gross income.

Step 3 of 7 – Exploring Mortgage Options:

With a range of mortgage products available, we'll guide you through your options. Factors like your down payment, closing costs, credit score, loan term, and preference for fixed or variable rates will shape your choices.

Step 4 of 7 – Securing Pre-Qualification:

Getting pre-qualified is an important step that confirms your borrowing capacity. Once completed, you'll receive a pre-approval letter, giving you confidence and reassuring realtors of your financial readiness.

Step 5 of 7 – Finding Your Perfect Home:

This is where the fun begins! Make a list of your must-haves, deal-breakers, and nice-to-haves to streamline your house hunting experience.

Step 6 of 7 – Applying for Your Mortgage:

Once you've found your ideal home, it's time to apply for your mortgage. Whether you prefer to connect with us directly or apply online, we'll walk you through the process and ensure you have everything you need.

  • Locking in Your Rate: Consider locking in your rate to protect against potential fluctuations, giving you peace of mind until loan commitment.
  • Disclosures and Documentation: Expect to receive important documents like the Truth In Lending Disclosure and Good Faith Estimate within three days of application, outlining loan terms and closing costs.
  • Appraisal and Inspection: We'll arrange for an appraisal to evaluate the property's value and help facilitate any necessary inspections to ensure your new home is in top shape.
  • Title Search: Confirming legal ownership is crucial. Our team will handle the title search to ensure a smooth transfer of ownership.
  • Approval and Commitment: Upon satisfactory appraisal and title search results, we'll issue final approval and provide you with a commitment letter.

Step 7 of 7 – Closing the Deal:

The closing marks the exciting moment when you officially become a homeowner. We'll guide you through the paperwork, exchange keys, and celebrate this milestone together.

 

As you prepare for this journey, remember that our team is here to support you every step of the way. Apply now to embark on your homeownership journey with confidence.

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All loans subject to credit approval.

NMLS ID: 401353