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New to Home Buying

Home buying doesn’t have to be complicated. Let us do the heavy lifting. Here are 3 easy steps to get you started:

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Step 1:

Get informed

Fill out the inquiry form so you and your loan officer can determine which loan product is right for you. Our friendly and knowledgeable staff will make sure we deliver a complete understanding of which loan is right for you, the payment options, closing process and how your dream home can become reality.

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Step 2:

Ask an expert

MoneySafe Mortgage is your go-to expert with everything involving the purchase of your new home. Whether it is down payment options, affordability, or what you qualify for, you have questions—we have answers.

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Step 3:

Get Pre-Approved

It’s time to put your loan prequalification in writing and start shopping. MoneySafe Mortgage will deliver a written Pre-Approval that both you and your real estate professional can rely on. This ensures a quick closing, makes your buying power stronger and your chances of an accepted offer better. Moneysafe Mortgage is your partner from beginning to end.

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The loan process - how it works

STEP 1:
STEP 2:

The first thing you’ll do is gather the documents which will allow our loan officers to get a clear picture of your financial health. These documents may will include:

  • Pay stubs, W-2s, Tax Returns, Bank statements and other documents as needed

Verification and Processing: This is when all your documents are verified, your employment history will be reviewed and your credit check will be done. A preliminary title report and property appraisal will also be done at this time and everything will be sent to the underwriter for approval.

STEP 3:

Underwriting: An underwriter will review your loan file to make sure it meets the qualifying guidelines. It’s not uncommon for the underwriter to ask for additional documents at this time.

STEP 4:

Loan Approval: A few things may happen at this stage. Your loan may be approved, it may be approved with conditions, or a counter offer may be made. MoneySafe Mortgage will help you through each of these scenarios.

STEP 5:

Signing: Yay! The loan is approved and all conditions are met. Now its time to sign your loan documents. We will set an appointment and you’ll be on your way to securing your loan.

STEP 6:

Funding: Once all the paperwork is signed by both the buyer and seller there will be one final review. After the review is complete your loan will be funded!

Let's Get Started

We'll help you through the processes.

Let's Get
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©2022 MoneySafe Mortgage is licensed in CA | NMLS ID # 1198709 (www.nmlsconsumeraccess.org) | 725 30th Street, Suite 207, Sacramento, CA 95816 | (916) 790-LOAN | Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act License # 60DBO88399 | Licensed as a mortgage broker under the Department of Real Estate. License # 01954813 For licensing information go to: www.nmlsconsumeraccess.org

 

Loans made or arranged pursuant to a California Finance Lenders Law license.

 

A preapproval is not a loan approval, rate lock, guarantee or commitment to lend. An underwriter must review and approve a complete loan application after you are preapproved in order to obtain financing.

 

This is not a commitment to lend. Prices, guidelines, and minimum requirements are subject to change without notice. Some products may not be available in all states. Subject to review of credit and/or collateral; not all applicants will qualify for financing. It is important to make an informed decision when selecting and using a loan product; make sure to compare loan types when making a financing decision.

 

This information is provided by MoneySafe Mortgage. Any materials were not provided by HUD or FHA. It has not been approved by FHA or any Government Agency.

 

For Reverse Mortgage: When the loan is due and payable, some or all of the equity in the property that is the subject of the reverse mortgage no longer belongs to borrowers, who may need to sell the home or otherwise repay the loan with interest from other proceeds. The lender may charge an origination fee, mortgage insurance premium, closing costs and servicing fees (added to the balance of the loan). The balance of the loan grows over time and the lender charges interest on the balance. Borrowers are responsible for paying property taxes, homeowner’s insurance, maintenance, and related taxes (which may be substantial). We do not establish an escrow account for disbursements of these payments. A set-aside account can be set up to pay taxes and insurance and may be required in some cases. Borrowers must occupy home as their primary residence and pay for ongoing maintenance; otherwise, the loan becomes due and payable. The loan also becomes due and payable (and the property may be subject to a tax lien, other encumbrance, or foreclosure) when the last borrower, or eligible non-borrowing surviving spouse, dies, sells the home, permanently moves out, defaults on taxes, insurance payments, or maintenance, or does not otherwise comply with the loan terms. Interest is not tax-deductible until the loan is partially or fully repaid.

 

Inquiries? Email us at info@moneysafemortgage.com

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