CHOOSE YOUR PLAN
Once you authorize pre-qualification, the lender will review basic credit and income information to give you an estimate of the loan amount you will qualify for.
KNOW STANDARDS AND OPTIONS
Standard things come with the house from the get-go. Options are those extra features that personalize a new home. Make sure you know which is which, and which ones you want. Ask questions if you’re not sure—we’ll be happy to go through every one with you.
GET AN INSPECTION AND HOME WARRANTY
This is for your benefit, and ours. We stand behind our quality, but having it all in writing is prudent and essential to a good relationship. When choosing a home warranty, consider the upkeep of your new home over the next 10 years and make sure it explicitly states what is covered and what is not.
CLOSE!
Whether you use our lender or one of your own choosing, always ask for special funding programs. You never know what is available to you. Learn about the process on your own and read everything. There will be contracts, disclaimers, restrictions and possible community association bylaws. Familiarize yourself now. Then sign, get the keys and move in (the second-most-fun part).
FINANCING YOUR HARMONY HOME
Whether you’re buying your first home or the home you’ve been searching for your entire life, pre-qualifying for a home loan is an important step in the home buying process.
To help simplify this process, Harmony Homes recommends using our preferred lender to assist you.
Are you prepared to investigate the different choices available for financing? Contact Kendra Haverkamp at CMG Financial today. For more information click here.
Kendra Haverkamp, Senior Loan Officer
Ready to explore your financing options? Contact The Gatling Group of loanDepot today! For more information click here.
Mosi Gatling, Sales Manager
NMLS #557166
Ready to explore your financing options? Contact Jared Penn of Prosperity Lending today. For more information, click here
Jared Penn
SUBMIT A PRE-QUALIFICATION FORM
Once you authorize pre-qualification, the lender will review basic credit and income information to give you an estimate of the loan amount you will qualify for.
CHOOSE YOUR HOME
Once you’ve found your new Harmony home, you will sign a purchase agreement.
GET YOUR MORTGAGE
The mortgage process begins with a full loan application and more detailed credit history. The lender will advise you of the specific mortgage options available to you so you can decide on the best loan for you. To expedite the loan approval process you may want to be prepared with the following documentation that may be requested by the lender:
Verification of income
- Earnings statements: W-2 forms, recent pay stubs and tax returns for the past two years
- Additional income: social security, overtime bonus, commission, interest income, veteran’s benefits etc.
- Verification of your assets
- List of bank account numbers, the address of your bank branch, checking and savings account statements for the previous 2 – 3 months
- List of savings bonds, stocks or investments and their approximate market values
Your Debts
- Credit card bills for the past few billing periods
- Other consumer debt such as car loans, furniture loans, student loans and other personal and co-signed installment loans with creditor addresses and phone numbers
- Proof of Bankruptcy Discharge, if applicable
dwellingLIVE
Have all your new home community information available at the click of a button. When you buy Harmony, you’ll get free, forever access to dwellingLIVE, where you can access:
- CC&Rs
- Exterior color schemes
- Standard products and manuals
- Customer service portal
- Homeowners manual
- Floor plans and elevations
- Utility information
- 2/10 Warranty information
- More!
ACRONYMS YOU SHOULD KNOW
APR – Annual Percentage Rate – the annual rate of interest, fees and costs on a loan
FHA – Federal Housing Administration – an FHA loan is backed by the government, and can often offer better rates, lower down payments (5% or less) and easier qualifying criteria
VA – U.S. Department of Veterans Affairs – a VA loan is designed to help eligible veterans purchase housing with no down payment
FRM – Fixed-rate mortgage – a loan where the interest rate remains the same over the term of the loan
ARM – Adjustable-rate mortgage – a loan where the interest rate can adjust based on the cost of borrowing on the credit markets
