There are different factors you’ll have to consider, including what type of payment plan will work best for your lifestyle, if you’re a veteran, and more.
Underwriters will review and validate the loan package to make sure it fits the guidelines required for your specific loan program.
That includes paystubs, W2, tax returns, bank account statements, credit, and the property value of the home you’re looking to buy.
Your loan must be processed before you know whether or not things have gone off without a hitch.
These could include lender fees and third-party fees for the appraisal and title insurance. Then get ready to sign off on those last pieces of paperwork and call that home yours.