House Keys

Home Buying Process

CONSULTATION
Ideal Lending Solutions meets with you to discuss loan options and help you determine the right loan choice for your situation and financial goals.

PRE-APPROVAL
Ideal Lending Solutions issues your pre-approval and you start looking for a home with a real estate agent.

SEARCH FOR YOUR HOME
You search for your home. It is suggested to use a real estate agent, as they can help guide you in your search and negotiate the property price.

MAKE AN OFFER
Once you find your dream home, your real estate agent presents an offer. Once the offer is accepted, a closing date is set.

CONTRACT
You review and sign your contact with your real estate agent.

APPLICATION
Any remaining documents are required at this time. Once the contract has been submitted to Ideal Lending Solutions, the loan goes into processing.

APPRAISAL & INSPECTION
Ideal Lending Solutions orders appraisal, title report, insurance binder and other necessary documents. A home inspection takes place to determine any repairs needed.

PROCESSING
Receives and reviews all the documents, verifies all information and prepares the file for underwriting.

UNDERWRITING
Loan is conditionally approved or declined and underwriter asks for conditions. Homebuyer provides conditions.

HOMEOWNERS INSURANCE
A copy of the property appraisal and mortgagee clause must be provided to secure homeowners insurance policy.

CLEAR TO CLOSE
Final approval is issued and any final conditions are collected and satisfied. Loan is clear to close, closing documents are sent to the title company.

CLOSING SCHEDULED
It’s time to schedule the closing! You and your Realtor will be notified that your loan is clear to close and a closing date is scheduled.

FINAL WALK THROUGH
Borrowers complete one final walk-through of the property to approve condition of the home.

CLOSING
All parties sign the closing documents to finalize the purchase of your home.

IT’S MOVING TIME!
You’ve closed on your home and it’s time to move in. After closing, we will send you a customer satisfaction survey. We appreciate your participation and referrals.


*A pre-approval does not constitute a loan com-commitment or guarantee of a loan. Pre-approval is subject to a satisfactory appraisal, satisfactory title search, and no meaningful change to borrower’s financial condition.