What to Expect When You’re Financing a Home
We believe your first home should come with excitement—not overwhelm. At Choice Mortgage Group, we’re homeowners too, and we’re here to guide you with white glove service and honest, expert advice. Let’s simplify your loan process, step by step.
What You’ll Need to Apply
Before we can tailor the right mortgage
for you, we’ll need a few key
documents to get started:
- Government-issued photo ID
- Two most recent pay stubs
- Two complete and recent bank statements
- Two years of tax returns
- Two years of W-2s
Self-employed? No problem. We’ll walk you through the additional documents needed.
Do’s and Don’ts to Keep
Your Loan on Track
At Choice Mortgage Group, we work hard to keep your loan process as smooth and
stress-free as possible. Here’s how you can help:
Do
- Get preapproved: Understand your budget before house hunting.
- Stay consistent with your finances: Keep up with current debt payments.
- Provide accurate information: Ensure your financial documents are up to date.
- Let us know about any changes: If your income, job, or compensation adjusts during the process, keep us informed!
- Ask questions: We’re here to make things clear and stress-free.
Don’t
- Avoid big purchases: Hold off on buying cars, furniture, or other costly items.
- Don’t switch jobs unexpectedly: Consult us first if a career change is on the horizon.
- Hold off on opening or closing credit lines: Stability is key during the process.
- Don’t overextend your credit: Avoid maxing out your credit cards or taking on new debt.
- Don’t hide information: Transparency ensures a smoother experience.
What Happens After You Apply
Once your application is in, our team gets to work verifying your information and ordering your home appraisal. We want to ensure the home you love is priced fairly and the loan meets your financial goals.
Inspection vs. Appraisal:
What’s the Difference?
Home Inspection
- Purpose: Evaluates the physical condition of the property
- When: After your offer is accepted
- Cost: Typically $250–$400
VS
Home Appraisal
- Purpose: Determines the market value of the home
- When: Ordered during underwriting
- Cost: Typically $450–$600
We’re With You Every Step
of the Way
Choice Mortgage Group is committed to delivering outstanding service that exceeds expectations. From your first document to your final signature, our team is here to simplify your journey and help turn your homeownership dreams into reality.
If you want to do a download version of the Do's & Don'ts, here is the PDF.
