Learn about the process

Quick look

After searching and searching, you’ve found the home that ticks all the boxes and fits your budget. Now it’s time for the next steps—connect with your mortgage lender, make a bid, and close the deal on your new house. 

As your dedicated mortgage lending team, we’re here to help that process go right from start to finish.

Getting started

At this point, it’s optimal to already have an established relationship with a mortgage lender. If you haven’t taken this step yet, there are a wide variety of mortgage companies to choose from.

Be wary of mortgage companies that:

  • Promise fast, bargain solutions.
  • Fail to consider your unique circumstances.
  • Offer automated, one-size-fits-all solutions to complex issues.

At Rosa Briggs Home Lending, we work differently. We form strong partnerships with our clients and put their unique financial goals at the forefront. As a client, you are the heart and soul of our business. 

Our mortgage brokers will help you easily navigate questions of current mortgage interest rates and answer any of your home financing questions. 

We’re here to ensure that you get the best home loan solution, not just the fastest.

Things to consider

When it’s time to make an offer, our team will collaborate with you and your agent to provide all key financing information and put forth a strong offer. We do the heavy lifting, dotting each “i” and crossing every “t” so you can focus on preparing to move in.

Prior to your loan being funded, a third-party appraisal is required. Here are a few things to know:

  1. An appraiser’s role is to ensure that the purchase price is a fair market value for the home. Mortgage lenders are unable to lend more than that stated amount.
  2. If your appraisal amount comes in lower than your purchase price, your real estate agent can help you negotiate for seller concessions to bring the price in line with the appraisal. 
  3. While such negotiations are trickier in a seller’s market (due to the larger number of potential offers), some sellers may be amiable to keep the deal on track.

Before closing the deal, you’ll need to decide on your down payment.

  • For most loans, the minimum downpayment is 3-5% of the home’s value. 
  • Veteran and rural options can offer 0% down, if you qualify. 
  • Alternatively, if you’re moving out of another house, it’s possible that your home equity line of credit can provide the needed payment.

Working with our team ensures that you’ll have each detail accounted for.

Next Steps

Whichever path you take, the destination is home of your own. After finalizing the paperwork and settling the closing costs, all that’s left is simply to move in.

But don’t say goodbye to your mortgage lender just yet! 

Savvy homeowners keep in touch with their lenders to stay apprised of any changes to their home’s value. If your home’s value goes up, refinancing may be a wise option to save some money in the long term. We’ll be here to walk you through that process as well.

But for now, savor the satisfaction of your new homeownership.

Let’s connect

Our experienced team of mortgage loan experts is fully equipped to walk you through every step of the mortgage process.

From the moment you contact us until your first step into your new home and beyond, we’re prepared to go the distance with you. 

Fill out the form or give us a call at 425.268.0245 to get started today!

Frequently Asked Questions

When should I begin the home financing process?
While you won’t have to begin financing until you’ve finalized your decision on a home and begun making payments, it’s important to begin preparing for that moment as early as possible. Make sure to invest regularly in your savings account, spend within your means, and choose a home that fits your budget.
What factors influence my borrowing capacity?
Your borrowing capacity will typically be determined when you get pre-approved for a loan. During that process, your mortgage lender will verify your current income, credit score, assets, and revolving and installment debts like credit cards and student loans. By using those to calculate your debt-to-income ratio (DTI), they can approve you for a corresponding home loan.
What does the closing process look like?
Once everything has been set in stone, you will have a three-day review period to look over the final documentation. You will also have the opportunity to do a final walk-through of the house to ensure things are in order. After that review period, you will sit down with your lender and sign the final documentation. Congratulations on your new home!
What’s your rate?
Here at Rosa Briggs, we offer both fixed-rate and adjustable-rate mortgage loans. Fixed rates will provide you with consistent monthly payments for the duration of the loan, while ARMs will move up and down with the current market after an initial lower payment period. Contact us today to learn more about which option is right for you.

Find the right refinancing strategy with Rosa Briggs Home Lending.

Find a mortgage that allows you to succeed today and plan for tomorrow. Get started now.

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