ROR Home
A Better Experience
Welcome!
Buying a home can be a complex process with many steps to consider. We understand that navigating through the lending process can be overwhelming and time-consuming. That's why we're here to help simplify the lending process for you. On this page, we've outlined the first three essential steps to help make your home-buying experience hassle-free and comprehensive. Whether you're a first-time homebuyer or on your third home, our aim is to provide you with the necessary tools and guidance to make informed decisions about your lending options. Let's get started!
#1 Gather Your Documents
Before your appointment, the lender you select will ask you to gather personal information.
The list may include:
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Current pay stubs for 30 days
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Three years of tax returns with W2s
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Checking/savings account statements
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List of credit cards and installment debt
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Other documents as applicable (bankruptcy, divorce, etc.)
#2 Get Pre-Approved
The lender will take a look at your Debt-to-Income ratio and help you fill out a mortgage application. They'll talk to you about different kinds of loans and financing options and help you choose the one that's right for you. They'll also tell you the most money you can borrow and give you all the important disclosures required by law. We want to make getting a loan easy for you!
#3 Go Home Shopping!
We're here to help you find your dream home! You can use any app or website you like to look for houses, and we'll assist you in negotiating the sales price, terms, and conditions. We'll also help you set up a home inspection to make sure everything's in good shape. Our goal is to make the process of finding and buying a home as smooth as possible for you.
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The Loan Process in Brief
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Loan processing begins after you sign a purchase agreement or sales contract with the seller. The lender verifies your income and payment histories, reviews your credit report, and orders an appraisal of the property. The lender’s loan underwriter reviews all the information and determines loan approval. Following loan approval, the lender schedules loan closing where the final loan documents are signed. The next business day, documents are recorded, transferring ownership from the seller to you.