Home Buying Process
Thanks to the devotion of their uniquely loyal clientele, The Big Bend Group is recognized as the #1 Coldwell Banker Team in Florida, #48 Coldwell Banker Team in North America, is ranked in the Top 1.5% of all real estate teams in the United States by The Wall Street Journal.
Owning a home is more than a financial investment; it’s an investment in the quality of life – particularly if you have a family or if you’re planning one. You can decorate or renovate however you like, customize your landscape, rule the roost! It’s your home. In a competitive market, sellers may ask for proof of pre-approval. This document can help strengthen your offer! Make sure to get a pre-approved letter from your lender before we start viewing homes.
GET YOU CREDIT IN CHECK
Make sure you’re financially prepared for homeownership. Do you have a lot of debt? Do you have plenty saved for a down payment? What about closing costs? Ask yourself “how much house can I afford?” before you go further. Additionally, know that lenders look closely at your credit score when determining your eligibility for a mortgage loan. Check your credit score and do anything you can to improve it, such as lowering outstanding debt, disputing any errors, and holding off on applying for any other loans or credit cards.
FIND THE RIGHT LENDER
Just like you want to get the home that best suits your needs, you’ll want to find a lender that best suits you. We suggest you consider using a broker to help you find a lender, talk to your agent—we are here to help, ask friends and family for referrals, and compare at least three lenders.
A lender will need information from you in order to get you pre-approved for a mortgage loan. Here are few things to have ready for them:
W-2 forms from the past two years
Pay stubs from the past 30 days
Tax returns from the past two years
Proof of other sources of income
Recent bank statements
Details on long-term debts such as car or student loans
ID and Social Security number
*If you’re self-employed, you may have to provide proof of your financial stability, including reasonable credit score, profit & loss statement, Year-to-date revenue, and possibly providing business tax returns.
We are happy to connect you with one of trusted, preferred lenders-just give us a call or shoot us a text!