House Hunting Checklist for Potential Homeowners with Priority 1 LendingVerify my mortgage eligibility (Dec 1st, 2023)
Selecting a new home is both an exciting adventure and a challenging task. When working with Priority 1 Lending, we aim to simplify the process and help you find a place you can genuinely call home. Here’s an extended house hunting checklist to assist you in making informed decisions during this significant phase of your life.
1. Pre-Approval Process:, Priority 1 Lending encourages customers to start their home buying journey with a mortgage pre-approval. Our experts will evaluate your financial situation, providing you with a clear understanding of your buying power. With this knowledge, you can house-hunt confidently, focusing on homes that fall within your budget.
2. Identify Your Home Needs: Establishing your ‘Must-Haves’ and ‘Nice-To-Haves’ is essential. These include the size of the home, number of bedrooms, location, amenities, school district, etc. Having a defined list can help you focus your search and avoid distractions.Verify my mortgage eligibility (Dec 1st, 2023)
3. Start Your Search Online: Take advantage of Priority 1 Lending’s comprehensive online resources. We offer a multitude of online listings, complete with photos, videos, virtual tours, and detailed property information. This should provide a great starting point for your house-hunting journey.
4. Location Analysis: The adage “Location, Location, Location” stands true. Do your research on the community, neighborhood, access to facilities, and commute times. It’s also beneficial to check the area’s crime rate and potential for future development.
5. Plan Property Visits: Once you’ve narrowed down your choices, it’s time to start visiting properties. At Priority 1 Lending, we suggest you prepare for these visits, making notes of likes and dislikes, taking photographs, and making repeat visits if necessary.Verify my mortgage eligibility (Dec 1st, 2023)
6. Structural Evaluation: While the aesthetic appeal of a house is important, pay close attention to the structural aspects. Inspect the plumbing, electrical system, HVAC system, roof condition, foundation integrity, etc. Considering a professional home inspection is always a good idea.
7. Understand Property Value: Understanding the property’s value in relation to its market price is crucial. Your Priority 1 Lending agent can help you comprehend the home's value, as well as the factors affecting it.
8. Explore Financing Options: Priority 1 Lending provides diverse mortgage solutions that suit various needs. Whether it’s a conventional loan, FHA loan, VA loan, or jumbo loan, we have a wide range of options for you to explore.Verify my mortgage eligibility (Dec 1st, 2023)
9. Homeowners Insurance: Insurance is a vital component of homeownership. Priority 1 Lending can guide you through acquiring suitable insurance coverage for your potential home.
10. Closing the Deal: Once you’ve chosen the perfect home and your offer is accepted, Priority 1 Lending will be there to guide you through the closing process. We'll help you understand the closing costs, title insurance, escrow process, etc.
This detailed checklist aims to guide you through your house-hunting journey with Priority 1 Lending. Remember, our team of professionals is always ready to assist you with any questions or concerns you might have. House hunting can be a daunting process, but with Priority 1 Lending, you’re never alone. Let us help you find your dream home!Show me today's rates (Dec 1st, 2023)