A home that's customized to your unique lifestyle and your specific design ideas, with everything your family wants - without the custom home price. That's the definition of every Heritage Home.
Mortgage Financing Process
1 - Get Pre-Approved While Doing Your Research
Although it's not necessary, a pre-approval helps you better understand your financing situation. You'll learn what you can comfortably afford, how much you'll need for a down-payment, what your credit score is, and more.
2 - Apply For A Loan
Whether you do this online, or in person, all buyers must apply for a mortgage loan within 5 days after signing an Agreement of Sale. This is a straightforward process of information gathering that should not take long to complete. Among the information you'll need to provide to your loan officer:
- Purchase agreement for the home you are buying
- W-2s for the last two years
- Statements for bank, stock and retirement accounts
- Copy of driver's license and social security card
3 - Obtain Underwriting Approval
The information you provided in your loan application will go through underwriting - the process financial institutions use to verify your eligibility to receive a loan. If everything checks out okay, approval for the loan is given.
4 - Keeping Your Commitment Current
It's important that you stay in touch with your mortgage representative. You received a great rate with your mortgage approval. Make sure you follow-up on all items necessary to keep that commitment current. The Heritage Sales Team will also help remind you about any items you may need. Some requests may seem 'repetitive' but be assured we are working for you to help you keep that great financing package you have secured.
5 - Closing Coordinator Prepares For Settlement
The Settlement coordinator works in conjunction with your lender and the title company to prepare the settlement statement (often referred to as a HUD).
6 - Settle On Your New Home
At Settlement, you'll sign off on all final documents and receive the keys to your new home. Congratulations and Welcome Home!
Ph: (800) 215-3048
Heritage Homes Group
865 Easton Road, Suite 250
Warrington, PA 18976
Ph: (800) 215-3048