home!LET'S FIND
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(314) 123-4567
WHAT MY CLIENTS SAY
DERICK S
“Yourwonderful,fivestarreviews here!Showyournewclientshow muchyourpreviousclients appreciateyourexpertknowledge andexperience!”
JEN L
“Yourwonderful,fivestarreviews here!Showyournewclientshow muchyourpreviousclients appreciateyourexpert knowledgeandexperience!”
THE BUYER ROADMAP
This is a brief summary of the timeline for purchasing your home Remember, as your Real Estate Agent, I will be there to be sure you feel confident during each step of this process
Depositescrowandcomplete loanapplicationwithintime frameofthecontract
Afterfindingtherighthome,wewill putinastrongofferandnegotiate thetermsofthecontract
Wewillsetupshowingsand andviewthehomesyouare interestedin
Scheduleinspectionsand negotiateanyrepairrequests andissuesfrominspection
Receivecleartoclosefrom lenderandpreformfinal walk-throughbeforeclosing
Before you officially begin your home search, I always recommend to begin with talking to a lender and getting pre-approved A lender will be able to answer all of your questions regarding finances and give you a clear understanding of the exact price range you will be pre-approved for and an estimate of the expenses to expect
Questions to ask your lender...
What is the best type of loan for me?
Do I qualify for any special discounts or loan programs?
What interest rate can you offer?
When can you lock in my rate?
What fees can I expect from you?
What are my estimated closing costs?
PART 2: FINANCES
There a many different factors that the lender will use to calculate your pre-approval. It's always best to be prepared, so here are a few of the documents you can begin to gather together and can expect to be requested:
Tax Returns
STANDARD PROGRAMS
CONVENTIONAL
• DOWN PAYMENT AS LOW AS 3%
• FIXED OR ADJUSTABLE RATES
• DOWN PAYMENT ASSISTANCE PROGRAMS AVAILABLE
• NON-OCCUPYING CO-BORROWERS ALLOWED
FHA
• DOWN PAYMENT AS LOW AS 3.5%
• LOWER CREDIT SCORE FLEXIBILITY
• HIGHER ALLOWABLE DEBT TO INCOME RATIOS
• 100% FINANCING WITH DPA
VA
• 100% FINANCING
• NO MONTHLY MORTGAGE INSURANCE PREMIUMS
• FLEXIBLE UNDERWRITING GUIDELINES
USDA
• 100% FINANCING
• LOWER CREDIT SCORE FLEXIBILITY
• GIFTS FOR CLOSING COSTS ALLOWED
JUMBO
• BORROW UP TO $3 MILLION
• CREDIT SCORE AS LOW AS 700
• ELIGIBLE FOR PRIMARY RESIDENCE, SECOND HOME OR INVESTMENT PROPERTY
• WARRANTABLE AND NON-WARRANTABLE CONDOS PERMITTED
RENOVATION
• FHA AND CONVENTIONAL PROGRAMS
• PURCHASE OR REFINANCE
• PRINCIPAL RESIDENCE, SECOND HOME OR INVESTMENT PROPERTY
• ABILITY TO FINANCE REPAIRS AND HOME IMPROVEMENTS
SPECIALTY PROGRAMS
NAF CASH
• ALLOWS BUYER TO BECOME A CASH BUYER
• BUYER CAN PURCHASE NEW HOME WITHOUT SELLING CURRENT HOME
• CONVENTIONAL AND VA LOANS ALLOWABLE
LOCK IN & FLOAT
• LOCK IN YOUR RATE - RATE CAN’T INCREASE
• IF RATES IMPROVE DURING LOCKED PERIOD, YOU CAN FLOAT DOWN TO A BETTER RATE
NAF BRIDGE LOAN
• USE EQUITY FROM YOUR EXISTING HOME TOWARDS THE PURCHASE OF A NEW HOME
• ABILITY TO PRESENT A STRONG NON-CONTINGENT OFFER, GIVING YOU A COMPETITIVE EDGE IN THE MARKET
• NO MONTHLY PAYMENTS DURING THE LOAN TERM REDUCING THE FINANCIAL STRESS OF MANAGING TWO MORTGAGE PAYMENTS
BUYDOWN OPTIONS
• LOWER INTEREST RATE FOR THE FIRST FEW YEARS OF MORTGAGE
• AVAILABLE ON CONVENTIONAL, FHA VA AND USDA LOAN PRODUCTS
• 1/0, 1/1/1, 2/1, AND 3/2/1 BUYDOWN OPTIONS AVAILABLE
DOWN PAYMENT ASSISTANCE
• ADDITIONAL FUNDS FOR DOWN PAYMENT AND CLOSING COSTS
• CHENOA
• FREDDIE MAC BORROWSMARTSM
RECAST OPTION
• BORROWER CAN REDUCE THE PRINCIPAL BALANCE
• NEW AMERICAN FUNDING WILL RE-AMORTIZE THE LOAN BASED ON THE REMAINING TERM AND PAYMENTS WILL BE REDUCED
• MULTIPLE RECASTS CAN BE COMPLETED DURING THE LIFE OF THE LOAN
• PMI CAN BE ELIMINATED IN SOME SCENARIOS
ABOUT ERIN
Hi, I’m Erin, and I’ve been in the mortgage industry for over 9 years I truly love what I do helping people understand their home financing options and guiding them through one of the most exciting (and sometimes overwhelming) chapters of their lives. I grew up right here in the St Charles County area, so I know the local market inside and out Whether you ' re buying your first home or your fifth, my goal is to make the process smooth, stress-free, and tailored to your unique needs.Itakethetimetolisten,answeryour questions, and explain your options in a way that makes sense no confusing jargon, just honest guidance I’m known for clear communication, quick responses, and staying one step ahead so there are no surprises. Behind me is a great team and a wide range of loan programs, so together, we can find the right fit for your situation Buyingahomeisabigmilestone and having a trusted mortgage professional in your corner makes all the difference. I’d be honored to help you take thenextstep Let’smakeyourhomeownership
As your Real Estate Agent, my number one goal is to help you achieve your own. I make it my priority to understand your situation when it comes to buying your home so we can accomplish your goals
STEP ONE
After you speak with a lender and get pre-approved, we will begin your online home search. I will set you up on an automated search on the Multiple Listing Service (MLS)
STEP TWO
We will discuss your ideal price range, your must-haves list, deal breakers, location preferences, school districts, and all of the other factors that will help me to best help you during the home search period
STEP THREE
When you decide you are interested in a home, we will schedule a showing to view the home in person. If you decide it meets your criteria, we will write an offer for the home When we get an accepted offer, you will now be Under Contract
HOME SEARCH 3
PORTANT INFO
herfactorswillinfluenceyourdecision?(School stancetowork,specificneighborhoods,etc.)
Whatfeaturesareimportanttoyouinyournewhome?
Whatarethemust-havesinyournewhome?
edealbreakersinanewhome?
snotmentionedabove:
MUST HAVE HOME CHECKLIST
Place a check mark next to any amenity that you consider a must have on your next home.
KITCHEN
Island
Updatedcountertops
WalkinPantry
Updatedcabinets
Breakfastnook
Updatedappliances
BATHROOMS
DoubleVanities
Bathtub
Updatedbathroom
Walkinshower
Guestbathroom
MAINLIVINGAREA
Walk-incloset
Splitfloorplan
Storagespace
Masteronmainfloor
ADDITIONALFEATURES
Hardwoodfloors
Fireplace
Office
Formaldining room
Openfloorplan
Frontporch
Separatelaundryarea
Parkingspace
INFORMATION NEEDED
Before we begin writing an offer, we will need to gather some documents and discusssomeimportantdetails...
Pre-approvalletter
OfferPrice
FinancingAmount
EscrowDeposit
ClosingDate
InspectionPeriod
ClosingCosts
OFFERS & NEGOTIATIONS PART 2
MULTIPLE OFFER SITUATIONS
It'smorecommonthanevertoseehomes go into multiple offer situations This meansthatyourofferisnottheonlyoffer onthetableforthesellers Herearesome of my best tips to win a multiple offer situation
SubmityourPre-Approvalletterwith youroffer
Haveyourlendercallthelistingagentto shareyourPre-Approvaldetails
Makeacashofferifpossible
Offermorethantheaskingprice
Beflexiblewithyourclosingdate
Addapersonalletterandaphotoof youandyourfamily
OfferahigheramountfortheEscrow depositsothesellerknowsthatyouare serious
Keepyouroffercleanwhenitcomesto contingenciesanddon'taskforanythat arenotadeal-breakerforyou
ESCROW
Congrats! We are almost there You will turn in your Escrow Deposit, we will get inspections scheduled, negotiate repairs, and move forward with your loan application The entire process from contract to close typically takes between 30-45days
INSPECTION PERIOD
TYPESOFPOTENTIAL INSPECTIONS
Home Inspection
Radon Testing
Wood-Destroying Organism
(WDO) Inspection
Mold Inspection
Foundation Inspection
HVAC Inspection
Lead Based Paint Inspection
RECOMMENDED HOMEINSPECTORS
Use the list on the following page to see several of the Home Inspectors I recommend. Please feel free to reach out and interview some of the Home Inspectors that I know and trust
INSPECTIONTIMEPERIOD
The typical inspection period is between 10-15 days
It is critical that we begin scheduling the inspections you choose to have done as soon as we are under contract on your potential new home This will ensure that we do not run out of time or have any delays in the process
PREPARING FOR CLOSING DAY
LOAN APPLICATION & APPRAISAL
1 2 3 4
Youwilltypicallyhave3-5daysafterthecontracthasbeenexecutedto make application for you loan with your lender The appraisal will be ordered by your lender after we have have made our way through the inspection period If your contract is contingent on the appraisal, this means that if the appraisal comes back lower than the offer you made, wewillhaveanopportunitytonegotiatethepriceonceagain
HOME INSURANCE
YouwillneedtoobtainaHomeowner'sInsurancePolicythatwillbebegin on the day of closing on your home If you don't already have an insurance company you plan to work with, please feel free to reach out to me and I will be more than happy to provide you with a list of recommendations
IMPORTANT REMINDER
Asexcitedasyoumaybetobeginshoppingaroundforfurnitureandall of the things that help make a house a home, don't! Be very careful during this period not to make any major purchases, open new lines of credit,orchangejobs.Ifindoubt,besuretocallyourRealEstateAgent orLender.
These words are music to my ears, and yours too! This means that that mortgage underwriter has approved you loan documents and we can confirmyourclosingdatewiththetitlecompanyorattorney
"Real Estate is not simply a job for me, it is my passion. I am dedicated to helping each and every one of my clients achieve their real estate goals and have an exceptional home buying experience."
- YOUR NAME =
Your Name Here
REALESTATEAGENT
Thank you for choosing me to help you in the task of buying your home. I look forward to working with you to help you achieve all of your real estate goals
YOUR LOCAL REALTOR®