Buying a Home
Selling your home to Buy a new Home
Home Financing a new home while you are selling your current home can be tricky. Whether it is because of work or lifestyle, our Licensed Loan Officers have helped many home buyers like you and we are aware of the issues and situations that may pop up. We will help you find the mortgage that fits your needs and can close on it in as quick as 12 business days with our RUSH12 Product.
Should you sell your home first?
So many buyers get stressed just thinking about this. Everyone has heard the horror stories. Selling an existing home to buy a new one doesn’t always go according to plan. Luckily, we have been in business for over 24 years and have helped thousands and thousands of home buyers with this specific transaction.
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 make an offer. We can share our knowledge and experience with you and guide you through the loan process from start to finish.
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!
