Purchasing a home can be an overwhelming process, but it is really easy when you break it down into a few simple steps. The following is a brief summary of each step:

  • Getting pre-qualified for a loan – If you are not planning on paying cash for your home, one of the first things you will need is to meet with a mortgage loan professional. If you do not have a relationship with a mortgage lender, we can help you find one willing to meet your exact needs. They will help you determine the type and size of loan that you can be approved for. This is a very important step before you begin the home buying process.
  • Selecting the Right Neighborhood – Before you start looking for a home, consider the neighborhood you want to live in. Do you like urban or rural settings better? Are particular school systems important to you? Do you want city amenities or are lower property tax rates appealing to you? Drive through each neighborhood you are interested in at different times of the day. Observe the traffic patterns and age and type of people that will be your neighbors.
  • Selecting the Right Home – After you decide on the neighborhood, decide on the type of house you are looking for. Consider your need for bedrooms, offices, family rooms, etc. Also consider your desire to climb stairs, the amount of yard space you would desire and landscaping and fencing options. If you will make these decisions beforehand it will greatly reduce the number of homes you will need to see, before finding just the right home for you.
  • Writing a Contract – When you have found the right home in the right neighborhood for you, you will need to make an offer and write a contract for the purchase of the house. If you are working with a realtor, he or she will normally take care of this step; if you are not working with a realtor and it is a Ron Fogle Construction built home, we will assist you in this process. Writing the contract is a fancy way of saying “fill in the blanks”, which is exactly what we do using forms prepared by the Texas Association of Builders. This process is very important because it spells out the purchase price, closing date and many other items that are important to the transfer of ownership of the property.
  • Final Loan Approval – Once the contract has been executed by all parties, you will then need to contact your lender for final approval of your loan. There are several steps in this process, including but not limited to:

    • Verification of your income
    • Verification of your obligations
    • Review of your credit history
    • Appraisal of the property
    • Termite inspections
    • Home inspections, etc.

    Your mortgage lending representative will gladly assist you with the above.

  • Final Closing – You will meet with a title attorney who has prepared all the necessary documents to transfer ownership into your name. Loan documents will also be signed at this time. At the conclusion of this meeting, you will then take possession of your new home and begin the move-in process.

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