Your Homebuying Resource Center
Congratulations! If you’re here, that means you have made the huge decision to learn more about buying a home. United Home Loans and SPOT are here to help.
The Very First Step
Get pre-approved and you’ll receive a rebate of 1% of your loan amount from United Home Loans at closing. Details below*
What’s a Pre-Approval?
A pre-approval means a mortgage banker has reviewed your income, assets, and credit and determined a loan amount you can qualify for. Talking about these things with a mortgage banker means you don’t have to figure out your budget on your own! Plus, once you have a pre-approval, you’ll know exactly which houses to look for. When you find the perfect one, you’re ready to put in an offer!
The Next Steps
Here’s where your real estate agent steps in to work with you and your mortgage banker all the way until closing day. Remember, with each step, you have a team of professionals by your side!
With your pre-approval in hand, start looking at homes! Your agent will listen closely to your likes and dislikes and search for the perfect homes to show you.
When you find the perfect home, it’s time to make an offer. Then, your agent will work with you to construct an attractive offer that still meets your needs.
An offer becomes a contract once your agent has handled any potential negotiations and the seller has accepted all the terms.
From contract to closing day, there are quite a few things that happen, including attorney review, home inspection, appraisal, and underwriting. It may sound intimidating but, actually, many buyers are surprised to find out that their agent and mortgage banker make the whole process easy!
On closing day, you will sign all your final documents and be handed the keys to your new home!
*To be eligible for the 1% loan amount rebate, you must (1) be pre-approved through United Home Loans, (2) execute a contract on a home with Spot Realty as your representation, and (3) qualify for a loan through United Home Loans. Loans are subject to underwriter approval and not all applicants will qualify. Loan amount is equal to the home price minus the down payment.