ERICK AGUILAR, BROKER.
Pacific Mortgage of America
BEST RATE, BEST FUNDING!

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619-359-3320
Purchase Loan

A purchase loan helps you finance the purchase of a home. It's ideal for first-time home buyers, move-up buyers, or those relocating or investing in real estate. The purchase loan application process is similar to refinance loan.

Real Estate Buyers Guide

The Purchase Loan Process

1. Prequalification/Pre-Approval: Determine how much you can afford before house-hunting.
2. Review Loan Programs: Select a loan option best matches your financial profile, for example: Conventional, FHA, Jumbo, etcetera. 
3. Issue Pre-Approval Letter: A Pre-Approval Letter strengthen your offer when bidding.
4. Assist With Loan Application: Once offer is accepted.
5. Update Required Documents: Update income pay stubs, employment history, assets, collect copy of your identification card and purchase contract. 
6. Lock Interest Rate: Secure arate for a set period of time.
7. Submit to Underwriter: Provide all requested conditions promptly.
8. Order Appraisal and Title Work: Required for lender approval.
9. Coordinate With All Parties: Realtor, escrow/title, and seller's sideto keep closing on track. 
10. Closing Day: sign documents, fund the loan, get keys to your new home. 

 

For more details, please feel free to contact us. We'd love to hear from you!

Location

3111 Camino del Rio N, Suite 400
San Diego, CA 92108

California Department of Real Estate Broker ID 01226399 - Company Mortgage Broker NMLS ID 1405194

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