Buying Your First Home
First Time Buyers
So you are buying a home. Or at least you think you are. You are not alone. Over 6 million people buy a home each year and we are here to help you through the entire process. We will take you step by step through the loan process and educate along the way. We promise to give you clear instructions and easy directions to follow. We even have a Mobile App (USMPOWER) to help provide instant connectivity. We will make it as quick and easy as possible for a hassle free close.
Simplifying The Mortgage Process
So many buyers get stressed just thinking about closing on their home. Fortunately, we have been in business for over 24 years and have helped thousands and thousands of first time home buyers with their mortgage. You cannot know everything there is to know about buying a home. That is where we come in. We have helped so many first time home buyers understand and navigate the loan process. We focus solely on each client’s needs and pair them with mortgage options that fit their needs and not ours. Our testimonials speak for themselves.
With our large selection of loan options available, we can find the perfect mortgage for the home you have been dreaming of. We can tell you the requirements necessary to make your dream home a reality before you even make an offer. We can go over multiple scenarios and monthly payments. We will help you understand what you can and cannot afford. We will educate you on all the terms of the mortgage and all your options. As a Direct Lender, we are lending our money and do not have any add on Brokerage fees or hidden fees. When you are ready, we will be sure you are pre-approved so you can confidently make an offer on the perfect home.
US Mortgage Corporation Proprietary Products
When you are in a rush and time is not on your side, our accelerated 12 business days closing is the solution. Learn more about our RUSH12 Mortgage Product.
Commitment to closing your loan on time, Every time! With our in-house Operations and our cutting edge technology we are able to guarantee your Mortgage will close on time.
Get Pre-Approved. Shop with Confidence for a Home. Make Offer. Buy Your Home. Let Sellers know that you have already secured solid financing and can close on-time.
1.
Get Pre-Approved
This is the time to get in the know. A pre-approval will give you an advantage when you find your perfect home. We can tell you what you need to get pre-approved, so you know the exact loan amount you qualify for, what your monthly payment will look like, and how much taxes and insurance will be. With a pre-approval, the loan process will be smoother and your offer will be stronger.
2.
Loan Application
Your application will provide a complete picture to loan investors of your assets, debts and what you are buying. It will take into account documents such as pay stubs, proof of income, tax returns, employment history, and information on all debts, assets, and sources for down payments. Don’t worry, we will request these documents as applicable for your loan application so that you can be fully prepared.
3.
Select Your Loan Program
Fixed rate? Adjustable? FHA? There are multiple loan options that may fit your unique needs, and we can help you choose. Are you looking for the consistent rates and payments that a fixed rate loan can provide? Do you want the short-term benefits of lower rates that an adjustable rate loan can bring? Our extensive portfolio of loan options means you have more options available to get just what you need.
4.
Processing and Underwriting
Your loan has specific investor guidelines that must be met, and an underwriter will review your documents to be sure that you meet them. While an underwriter reviews your file, an appraisal will be ordered on the home. Additional information may be requested, so don’t panic if you have to turn in more documents. That’s just the underwriter working hard to get your final approval.
5.
Loan Approval
Before your loan is approved, you will receive pre-approval and a list of closing conditions that need to be met. These conditions can include verification that your employer is current and proof that homeowner’s insurance has been obtained. Once closing conditions have been satisfied, the underwriter issues a clear to close. Congratulations, your loan has been approved!
6.
Close the Loan
With an approved loan, you are on the home-stretch towards closing. The lender will send closing documents to a title company that draws up paperwork and arranges for signing of documents. Once the documents have been signed and funding conditions have been met, the title is recorded and the process is complete. You are a proud owner of your new home, and the keys are yours!
