Home Buying Process

Ideal Lending Solutions

Whether you are an experienced homebuyer or buying your first home, the process can be overwhelming. We’ve highlighted 15 steps in the home buying process to prepare you for this exciting step in your life.

1. CONSULTATION

You’ll meet with an Ideal Lending Solutions Loan Officer to discuss loan options and help you determine the right loan choice for your situation and financial goals

2. PRE-APPROVAL

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

3. 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.

4. 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.

5. CONTRACT

You review and sign your contact with your real estate agent

6. APPLICATION

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

7. 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.

8. PROCESSING

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

9. UNDERWRITING

The loan is conditionally approved or declined and the underwriter asks for conditions. Homebuyer provides conditions.

10. HOMEOWNERS INSURANCE

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

11. 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.

12. 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.

13. FINAL WALKTHROUGH

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

14. CLOSING

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

15. 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 the borrower’s financial condition.

Get approved to buy a home.

Buying a new home or refinancing your current loan? Fill out this form and get started today!

Get Started

Speak To An Expert

Tools

American Financial Network, Inc., DBA Ideal Lending Solutions, is not a government entity; CORP NMLS# 237341 ; Equal Opportunity Employer ; Equal Opportunity Lender American Financial Network, Inc. 10 Pointe Drive, Suite 330, Brea, CA 92821. Click here to view our current licensing information as listed on NMLS® Consumer Access. American Financial Network, Inc. is not acting on behalf of or at the direction of the federal government, and this offer is not being made by an agency of the government.

American Financial Network, Inc. is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC, 20580.