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Purchase

BUY A HOUSE. MAKE IT A HOME. WE CAN HELP.

Buying a home is an exciting step toward investing in your future. With a little preparation and friendly guidance from our loan experts, the process can be simpler and faster than you think. From pre-approval through closing, we manage every step. We help you find the right loan so you can move into the home of your dreams.

 

 

 

THE BUYING PROCESS

Buying your home should be something to celebrate, not a source of stress. We make the mortgage process as simple, fast, and pleasant as possible.

Apply

Talk to your loan specialist to determine the best option for you, complete an application, and provide documentation.

Sign

After your initial consultation and loan program selection, you’ll review and sign (or e-sign) your initial disclosure package.

Underwrite

We’ll prepare your loan file for underwriting and order an appraisal. Then the underwriter will analyze your credit, income, and assets.

Approve

First, you’ll receive conditional approval, which may require responses to third-party requests. Afterward, the underwriter provides final approval.

Close

After the title and escrow company reviews your loan information, all parties sign loan documents at a scheduled time and place. Then we fund and celebrate your new home purchase!

Know Your Numbers

Purchasing a home is one of the smartest investments you can make; but before you jump in, it’s important to understand some of the associated costs.

Upfront costs

Once your purchase offer has been accepted, you’ll need to provide an earnest money deposit, which will be held in a third-party trust account, such as an escrow company or real estate attorney, for example:

The earnest money deposit will be 1% to 3% of the purchase price

If you cancel the purchase and have no contractual protection, you forfeit your earnest money deposit

After completing the purchase, your deposit will be
credited towards your required cash to close funds

 

Closing Fees

Most home purchases require a 3%, 5%, 10%, or 20% down payment based on the loan criteria. Qualifying U.S. veterans with Veterans Administration (VA) loans are an exception. So are USDA rural development loans. Both offer 100% financing.

 Private mortgage insurance (PMI)

 Homeowner’s insurance

 Title insurance

 Escrow/attorney fees

 Points and/or origination fees

 Property taxes

 Recording fees

 

 

 

Ready to buy?

Our mortgage advisors are here to help.

 

 

Tips for Happy Homebuying

○ Get pre-qualified before your home search to confirm your price range and give the seller confidence that you can complete the transaction.

○ Prepare for financial obligations, including mortgage payments, property taxes, homeowner’s insurance, utilities, maintenance, and repairs.

○ Remember that while most homes are excellent investments, some homes have the potential to lose value.

○ Choose your location carefully with an eye to the future. Consider schools, safety, transportation, possibility of relocation one day and other factors important to you.

○ Use a licensed real estate professional to help find and purchase your home. They are experts in their local markets and have a fiduciary responsibility to you.

○ Expect the sale process to be completed in 30 days or less.

 

 

Apply Now

Profile

11306 Ashton Ave E Bonney Lake, WA 98391

+1 (425) 772-1031

slav@barrettfinancial.com

 

Svyatoslav Anatolyevich Popach | NMLS #1103975 | Barrett Financial Group, L.L.C. | NMLS #181106 | 2314 S Val Vista Dr, Suite 201, Gilbert, AZ 85295 | AZ 0904774 | CA 60DBO-46052 & 41DBO-148702 Licensed by Dept. of Financial Protection & Innovation under the California Residential Mortgage Lending Act. Loans made or arranged pursuant to a California Financing Law License | FL MLD1880 | ID 2080181106 | TN 204577 | WA MB-181106 | Equal Housing Opportunity | This is not a commitment to lend. All loans are subject to credit approval. | nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/181106