LOAN PROGRAMS
Getting Started
Buying a home is one of the biggest financial decisions you’ll make. The Team at MM Mark is here to ensure you are completely informed and educated in the home buying process.
While every transaction is unique, the home financing process typically follows a series of steps. By breaking down the mortgage process into smaller, manageable pieces, it’s easier to track your progress and understand what you need to provide and what comes next.
The reference process below outlines a typical mortgage timeline. Your path may vary based on the specific loan program you choose. We’re here to guide you through the process, providing communication and determining what is best for your overall financial goals.
Step 1: Qualify for a Mortgage
The first step in determining how much home you can afford is obtaining a mortgage pre-approval. Your loan officer will look at your credit, income, and assets to provide an estimate of what you may be able to borrow for a mortgage.
It’s a crucial step before shopping for homes to see if it aligns with your budget. It also lets sellers and agents know you’re a serious buyer with the means to close if they accept your offer.
Contact your loan officer to start the pre-approval process and turn your homeownership dreams into a reality.
Step 2: House Hunting
Once pre-approved, it’s time to find the perfect home! Working with an experienced real estate professional is highly recommended as they can help navigate the current market and negotiate on your behalf.
During this stage you’ll:
- Tour homes and identify the right property
- Submit and negotiate an offer
- Schedule a home inspection
- Secure homeowners insurance quotes
- Fulfill any inspection or contract contingencies (if applicable)
- Compare mortgage options and find the best fit for your situation
Once you have an accepted contract, you’ll move into the final stage of the process.
Step 3: Complete the Mortgage Process
With your contract in hand, your loan moves into the processing and underwriting phases. The underwriting team will review your financial documents, verify your employment and assets, and order an appraisal to confirm the value of the home.
We’ll be working diligently behind the scenes to ensure a smooth closing, reaching out if any additional documentation is needed or when a milestone is completed to keep your loan on track for a timely closing.
Once your loan reaches ‘Clear to Close’ (final approval), you’ll sign your final closing documents, receive your keys, and officially become a homeowner!
Loans Programs We Offer
We offer a wide variety of loan programs to meet your specific needs. Here are a few of our most popular options: