Buying a Home / Budgeting

4 Steps to Financing Your New Home

Words by Abbie Dyer on Mar 30, 2015 10:00:00 AM

Spring is just around the corner. Birds are chirping, the snow is melting and “For Sale” signs are popping up in front of homes in your neighborhood. If it’s time to start looking for a new house, you’ll need a home loan option that fits your budget and your needs. Learn more about the mortgage process and what to expect along the way.

Finding the right home loan option for your situation is an important (and often overlooked) step in the home buying process. Take a minute to learn more about the home loan process and how your financing fits in during the process to buy a house. And remember, if you need help our partners at Mortgage Center1 and our Lake Trust team members are always here to help. 

Buying a home in 4 easy steps

The step-by-step home loan process: what you need to know.
STEP 1

Get pre-approved.

Apply for your home loan. This will help you stay on budget and show sellers that you're serious about buying.

STEP 2

Make an offer.

Once your offer is accepted, you'll start the mortgage process. You'll need to provide some additional information for your loan.

STEP 3

Loan Processing.

An appraisal will be ordered on your new home. We'll finish processing the loan and work with you to schedule a closing date.

STEP 4

Closing day.

You'll sign the final paperwork and close the loan. Congrats, you're a homeowner!


When you’re ready to begin your search, give our partners at Mortgage Center a call at 888.429.6908 or apply for your home loan online. They’ll help you get into a new place as fast as possible. Your dream home is waiting for all of the great new memories that you’re going to create in it.
 

SEE ALSO: 4 Things to Ask Yourself Before Buying a Home   |   First Time Homebuyers, Don't Overlook These 6 Costs of Owning a Home

 

Mortgage Center NMLS #282701

 

1Third party website. Lake Trust Credit Union is not responsible for the content, availability, security or compliance of any linked third party websites. In addition, the site's privacy policies may differ from those of Lake Trust.

 

Never miss a Lake Trust blog post! Subscribe below.