Learn about the process

Thinking about buying Shopping for a property Found a property Ready to refinance Want to use equity

Quick look

With a solid understanding of your financial picture, you’re ready to buy a home! Now it’s time to find the right house. 

At Rosa Briggs Home Lending, we’ll allow you to navigate this process smoothly as possible. Our team helps you:

  1. Identify the right financing option.
  2. Understand the significance of the mortgage rates in the current market.
  3. Build a loan strategy that keeps you on track.

Getting started

The housing market ebbs and flows, with the price of a mortgage loan changing with it. We’ll help you understand all the nuances of your financing options so you can make informed decisions. 

Next, let’s pick a mortgage. 

Fixed rate mortgage loans are the most common way to pay for a home. Our team will determine which loans you qualify for and choose the one that hits off your key financial goals. 

After choosing a mortgage program, you’ll be ready to tour homes with a trusted real estate agent.

Things to consider

Mortgage interest rates do bear an impact on your financing, but they’re only one piece of the whole puzzle when making an informed decision.

Factoring all of your goals into the lending equation is far more nuanced than a single percentage number. 

Beware of flashy claims about “best mortgage rates,” and always consider the hidden implications before you sign on. 

Here’s a few common loan types you’ll learn about in the financing process.

Conventional mortgage

A conventional mortgage is the most common type of loan.

  • Typically offers a 15 or 30 year fixed interest payment plan. 
  • Low down payments are permitted — but any less than 20% of the home’s total cost, and private mortgage insurance will be required. 
  • A higher credit score is necessary, making it slightly more exclusive than other loans.

FHA Loan

The Federal Housing Association (FHA) also offers their own loan program. 

  • Minimum credit score of 580.
  • 3.5% down payment.
  • Ideal option for lower income borrowers.

Other Loan Programs

There are many other options available as well:

  • VA loans for veterans 
  • DIY homes and rehab loans
  • Rural communities 
  • Senior citizens
  • Much more

When working with our team, we’ll provide everything you need to know about options that you qualify for so that you can make a fully informed decision.

Next Steps

As you begin to narrow down your choices and place offers, you’ll need to prepare for the next stage of buying a home. 

When a seller decides to accept your offer, a third party will come in to appraise the property and ensure that everything is as it should be. 

After any and all necessary corrections have been made, you’ll enter the final stages of paperwork to approve your loan and prepare to close the deal. If all goes well, you’re well on your way to becoming a homeowner!

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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    Financing that fits your goals

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