Buying or Refinancing Your Home: Step by Step
Purchase
From the sale to closing, here is how we represent you step-by-step and help you move smoothly through the home buying process:
Step 1 - MEET WITH YOUR 1ST SECURITY BANK LOAN OFFICER
- Loan Application
- Credit Report
- Buyer Approval Certificate
- Employment Verification
- Deposit Verification
Step 2 - FIND YOUR HOME USING YOUR REAL ESTATE AGENT
- Select Home
- Prepare Contract
- Professional Property Inspection
Step 3 - PROCESSOR
Orders:
- Title
- Appraisal
- Sets Up Escrow
- Flood Determination
Step 4 - UNDERWRITER
- Loan Conditions
- Verifies the loan meets lending and regulatory requirements
- Conditional approval
Step 5 - PROCESSOR
- Clear Underwriting Conditions
- Request Closing Documents
Step 6 - ESCROW OFFICER or CLOSER
- Order Payoff Statements
- Clear Title
- Prepare Closing Statements
- Set up appointments with parties to Execute Documents (Signing)
- Record Deed of Trust
- Close Purchase
Step 7 - ENJOY YOUR NEW HOME!
Refinance
From the first call to your Loan Officer to the dispersing of funds, here is how we move through the refinancing process:
Step 1 - MEET WITH YOUR 1ST SECURITY BANK LOAN OFFICER
- Loan Application
- Credit Report
- Preliminary Approval
Step 2 - PROCESSOR
Orders:
- Title
- Appraisal
- Sets Up Escrow
- Flood Determination
- Employment Verification
- Asset Verification
Step 3 - UNDERWRITER
- Loan Conditions
- Verifies the loan meets lending and regulatory requirements
- Conditional approval
Step 4 - PROCESSOR
- Clear Underwriting Conditions
- Request Closing Documents
Step 5 - Escrow Officer or Closer
- Order Payoff Statements
- Clear Title
- Prepare Closing Statements
- Set up appointments with parties to Execute Documents (Signing)
- Record Deed of Trust
- Close Purchase
Step 7 - ENJOY YOUR NEW LOAN!
