No matter your situation, homeownership is possible.
Has anyone ever told you homeownership isn’t possible? Here at Limestone, we believe anyone can buy a home. No matter your situation, homeownership is possible. It just takes a few steps to get there. Whether you’re ready or just curious, our team will show you what it takes to reach homeownership status. Follow these steps and reach out to our Lending Team. Your home buying goals are one text away.
Step 1: Meet with Limestone
Homeownership is a big decision which is why we’re here to help. Meet with one of our Loan Officers at Limestone FCU. We’ll help you decide if homeownership is right for you and your situation, and we’ll show you the steps it takes to become a homeowner.
Step 2: Pre-approval
This step is easy and can be done over the phone or when you initially meet with our team to discuss homeownership. It’s important to be pre-approved before you begin your home search. Most real estate agents won’t show you homes without a pre-approval letter.
Step 3: Work with a Real Estate Agent
Once pre-approved, you can work with a real estate agent and start your home search! Realtors know the local market better than anyone. They will help you make the right decision when shopping for a home. Unsure who to work with on your home purchase? Talk to friends and family for a referral. You can also reach out to your lender for a list of local Real Estate Agents.
Step 4: Make A List
While home shopping sounds like a thrilling adventure, it’s important to be realistic with your expectations. Create a list of your wants vs. your needs. Do you really need a wraparound porch, or could you settle for a three seasons room? While your dream home is possible, it’s not always feasible. Keep in mind, no matter which house you choose, you can always change it. Work with your Real Estate Agent to make this list, it will allow for a smoother homebuying experience.
Step 5: Submit An Offer
Once you’ve found the home you’re looking for, your Real Estate Agent will help you submit an offer. Real Estate Agents are professionals when it comes to negotiating — they will walk you through the entire process. Keep in mind, you may not get the first few offers you submit but don’t get discouraged! The housing market is still very competitive with low inventory available — a multiple offer situation is common.
Step 6: Clear to Close!
Reaching the closing table is the last step in the closing process. After you have an accepted offer, there will be a few weeks of waiting time before you receive the keys. During this time, your lender finishes the underwriting process and prepares your loan to close. After the loan is cleared to close, you will meet with your lender and title company to sign your closing documents, receive your keys, and officially become a homeowner!
The homebuying process is easier than you might think! From an accepted offer on a home to the closing table, it can take as little as 30 days. So, if you are thinking about buying a home, start monitoring your credit, think about a monthly payment that fits into your budget, and reach out to one of our Loan Officers at Limestone FCU to start the process today!
By Michaela Zuzula, Marketing Director at Limestone FCU
