Buying a Home

Make no mistake, there’s a lot involved in buying a home and getting a mortgage loan. In fact buying a home can be one of the most daunting processes you will ever go through. But wait, dont let all of that scare you away. We will help you through the entire process. There are four main steps involved in getting a loan. You’ll see that we’ve made your part in them as easy as possible, and we do nearly all of the work! That’s what we’re here for; don’t hesitate to call us anytime with questions (269) 488-9494

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Step 1:

Pre-Approval

This is where we will work with you to determine how much you can borrow by reviewing the following with you:

  • Your unique credit history
  • Your employment history
  • Your income and debts
  • Most importantly your goals

Based on your information and standard lender guidelines, we’ll get you a good idea of what kind of terms and loan program you can expect to benefit most from and run you through some different scenarios. To start this process you will need to complete the Loan Application. You can do so here on our website or over the phone (269-488-9494). This is where the rubber meets the road . You supply information about your employment, your assets, your residence history, and so on. If we find a program that works for you and your finances, we’ll put together an approval letter. Now it’s time to go shopping with confidence!


Step 2:

The House Hunt

It’s best to work with a Realtor® when shopping for a home. A real estate agent has access to all of the homes currently listed for sale in your market. They will help you narrow down your search, negotiate the price and terms of the sale, and see everything through to closing. Typically you don’t even have to pay them for their service because the seller will! I would be more than happy to provide you with a list of excellent real estate agents. Just give me a ring.


Step 3:

The Loan Process! We Make It Easy!

Once you’ve made an offer and it’s been accepted, it’s time to complete the loan application. The typical process takes about 30 days. The Timeline is as follows:

  • Loan Documents signed
  • Appraisal & title work ordered
  • Loan reviewed by underwriter
  • Conditions cleared
  • File is cleared to closing

Step 4:

Your Loan Is Funded

Your real estate agent and the seller’s will work together to designate a title company to handle the funding of your loan once it’s approved. We’ll coordinate with the title company to make sure all the papers are in order and you’ll sign everything at the title company’s office.

You applied on-line, found a home, provided documentation and now you’re moving in! Amerifirst is in the business of mortgage loans — so we do most of the work. Doesn’t that make sense? If not call me, I WILL help you through out the entire process.

Latest Blog Post

Understanding Property Tax Increases

Notice of Assessment
Example of what a property tax re-assessment looks like in Michigan

Many home buyers have been facing a very challenging market over the past few years. The current supply of homes on the market just can’t keep up with the huge demand out there. It’s not uncommon for a home to come on the market and be sold in a matter of days after receiving multiple offers. With this fierce competition, prices have increased substantially over the last few years and has made it challenging for home buyers to find a home within the budget/payment they had planned for.  Many go over budget to get the home they want only to have another blow to that budget the following year due to the property tax increase.  This increase on the property tax portion of the mortgage payment can really hurt home owners enough to create a financial strain.

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