Please speak with two or three loan officers to determine which loan program, terms, service and rate is right for you. Once you’re pre-approved for a loan, then you’ll know the right price range for your new home. You can get a pre-approval letter to match your offer and then get another one later to match the final negotiated price, if it’s higher than your offer price. If you choose new construction, then the builder’s preferred lender can usually give you a good rate and has spec locks available for longer periods of time. Some homes have restrictions until about half the homes have been sold in a new community, before buyers can use an outside lender. Below are loan officers who perform well and are very knowledgeable in the mortgage industry with its ever-changing regulations. Once you decide on which loan officer is best for you, then you can ask them to email both of us a pre-approval letter to submit with your offer. You can fully apply for a loan after you reach mutual acceptance on your offer. Obtaining a fully underwritten loan in 2 weeks can help you compete against cash offers that close in two weeks. It’s possible to change your lender after you have mutual acceptance, but it’s strongly encouraged to shop and choose prior to submitting an offer. One caveat is to please avoid any online e-lenders, as many times they can’t provide a promised loan.
