01
Get Pre-Approved
Review Fairway's Document Checklist (you may access this by clicking the button below).
Meet with Mel so you know your budget for a home.
02
Search For A Home
With a real estate agent, find the type of home you're looking for within your budget;
03
Make An Offer
Once you have found a property you desire, make an offer! We know the anticipation in waiting to see if your offer has been accepted or not is excruciating but this is why getting pre-approved is essential.
04
Purchase Price Negotiation
Once you and the seller agree on a price, a contract is created and accepted.
05
Ernest Money Deposit
A copy of the contract is sent to Melanie and the Taliaferro Team from your amazing realtor.
06
Disclosures Are Signed
Loan estimates and federal/state disclosures are delivered to you via our secure Fairway portal.
You must then provide your intent to proceed to order services to move forward with your loan.
07
Appraisal Is Ordered
The Taliaferro Team will order an appraisal on your behalf, your new home will be appraised by an independent appraiser to determine its value. The appraiser will call you to schedule the appraisal. Once the appraisal is finished, the Taliaferro Team will then submit your appraisal to underwriting for approval.
08
Sent To Underwriting
An underwriter will review all loan documentation to ensure it adheres to the loan requirements set by HUD (United States Department of Housing and Urban Development) and determine if additional information will be needed.
09
Final Loan Approval
Once all information has been approved, your loan is moved to the "Clear to Close" status.
10
Closing Disclosures Are Sent
Melanie and the Taliaferro Team will provide closing disclosures to you, you may then share them with your real estate agent, or if prior consent is received, we can share the disclosures with them on your behalf. Closing documents are sent to the title company for review and approval.
11
Closing Funds Are Sent
Melanie and the Taliaferro Team will contact you with the final figures and additional information PLEASE be sure to confirm the payment method for closing costs with the title company BEFORE sending, wire fraud is real.
12
Final Closing Steps
Meet to sign closing documents at the title company, with a notary, or set up a virtual close with the Taliaferro Team. Bring a photo ID and complete payment of closing cost as directed.
13
Your Loan Is Funded!
CONGRATULATIONS - You are now a homeowner!
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