First American Wholesale Lending

HOME BUYING PROCESS

Are you planning to purchase a new home in the next few months?

You shouldn’t feel overwhelmed: You can start the home financing process now in only a few simple steps.

At First American Wholesale Lending, we are committed to making your mortgage loan process an easy to manage and stress free experience. Our experts will fully prepare you for purchasing a home, whether you’re looking for a first time homebuyer loan program or a loan to move or upgrade your current home; need vacation home mortgages or investment property loans; or want to secure your retirement with a reverse mortgage.

STEP 1: GET A FREE BUYING PACKAGE

Becoming a Preferred Buyer with our Buying Package proves to Realtors and sellers that your offer is serious. In today’s real estate market, making a competitive offer that is backed by our approval will give you an edge over other, unprepared buyers.

To start the approval process, proof of your financial standing is required. See our Checklist or Get Started Tab:

When submitting an offer to a seller all Realtors require 4 items along with the Residential Purchase Agreement also known as “the offer”.

1. Down payment proof of funds.

2. Proof of Credit Scores

3. Copy of an Earnest Money Deposit (EMD) Check as a sign of good faith

4. Pre-Approval certified from our office or DU Approval certified from Fannie & Freddie

Having this buying package ready for your realtor will show them that you are a serious buyer, ready and willing to purchase. This will also give the seller enough confidence to choose your offer over any others that they might have received.

STEP 2: FIND YOUR DREAM HOME

After you have been credit approved and have chosen the best loan terms for your lifestyle, house hunting and choosing your dream home are so much easier. You now know how much you can afford and how it will impact you in the years to come.

Your credit approval is active for two months, allowing you time to find the perfect home. With the First American Wholesale Lending buying package, you are a virtual cash buyer, basically shopping with money in your pocket.

STEP 3: CHOOSE YOUR LOAN

When purchasing a new home, there are many types of mortgages to choose from, including conventional loans, VA Home Loans, FHA Loans or Jumbo Mortgage. The purchase loan process can be complex and daunting when there are so many options. We are your mortgage lender, not a broker, and we will work with you to find an optimal, affordable loan option.

STEP 4: FAST, ON-TIME CLOSINGS

If you’ve already provided the necessary paperwork, have been approved for a loan and found the home of your dreams, the next step is arranging a closing date. As an all-inclusive mortgage banker with our own in-house underwriting and funding teams, we work as a cohesive team to close loans fast. This fast and hassle free service is not only an incentive to you, but also to real estate agents and sellers who need to close quickly. Once you have finalized the closing, you are ready to move into your new home.