Have you found your house and submitted your offer but are wondering what happens next? In this video, I’m going to walk you through the post-offer stage of financing on the lending side of the real estate transaction. I’ll share what goes on behind the scenes and how we get you to the closing table and into your dream home.

One Week Under Contract

If you’ve already completed our TBD approval process, then almost everything’s done for you already. If you haven’t, don’t worry—we have you covered too. What many people don’t realize is the amount of work that goes in behind the scenes on the lending side of a real estate transaction.

Week one under contract is where we start the paperwork. If you’ve already done our TBD approval process, there’s very little left that we need from you aside from a few things that may need to be updated. The first week after you get your offer accepted is where you’re going to put down your earnest money to take the property off the market for yourself. We are also going to discuss whether we should lock your rate or float your rate for a few more weeks. Lastly, we’ll determine the final loan product that best suits your needs and accomplishes your goals.

Week Two Under Contract

During the second week of the process, we’ll order your title and appraisal. We’re also going to submit you to underwriting so the underwriter can check off everything we submitted. Just like my little boys like to say, “Teamwork makes the dream work.” The quicker that you get everything turned around for us, the smoother your loan process will go, and the happier you’ll be. Getting everything done faster can greatly reduce the amount of stress you feel.

Clear To Close

During the last few weeks of the process, there may be an item or two that needs to get updated. Don’t stress when we ask you for it, because you’ll soon hear the three most magic and beautiful words in regards to your loan: Clear to close. That means the only thing left to do is just sign on your mortgage.

This is an awesome time where our team and your realtor get to celebrate all the hard work that we’ve all done to get you to the closing table. I hope our Client For Life Experience has helped you understand what it takes to get to the closing table once your offer is accepted. Don’t forget, if you need a competent lending team, we’re here for you. If you have any questions, please don’t hesitate to reach out to us!