Check out our 11 steps to figure out the best way to go through the home buying process from start to finish.

1. Review your finances: Make sure to evaluate your financial situation, including your income, expenses, your funds for the down payment & closing costs.
2. Get Pre-Approved: Contact one of our trusted loan officers at Canyon Mortgage to get pre-Approved. This will help you determine your affordability and your estimated monthly payments.
3. Find a trusted realtor: Hire a qualified real estate agent that is familiar with the areas you are interested in. A good agent will help you negotiate the purchase price and guide you throughout the process.
4. Make an offer: Once you have found a property of interest, it’s time to make an offer, these days inventory is quite low so be prepared to go above the asking price.
5. Find a good real estate attorney: Make sure you secure a real estate attorney who will help draw up the contract and negotiate the terms of the transaction with the seller’s attorney. He or she will make sure you have a mortgage contingency so you don’t risk the loss of your down payment.
6. Conduct a home inspection: Once your offer is accepted, you should schedule a home inspection to make sure the property is in good shape and that there aren’t any potential issues.
7. Secure Mortgage Financing: Once you have an accepted offer, you should reach out to your loan officer and let them know. They will want to touch base with your attorney and request a copy of the executed purchase contract.
8. Review and sign Mortgage application: You will sign various legal documents from the broker which will include the application, lock in agreement and appraisal order.
9. Receive a commitment letter: Once your application is submitted to the lender you will receive a commitment letter with conditions that will need to be satisfied prior to you closing on your loan. Our processor will assist you with this process in a timely manner so that we can meet your closing deadline.
10. Obtain Homeowners insurance: Once your loan is close to closing you will need to obtain homeowners insurance.
11. Attend the closing: Congratulations your loan is cleared to close, now you are ready to go to the closing. You will have a discussion with your attorney about the funds that you will need to bring to the closing.