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Home Purchasing Basics

Buying a home, whether it’s your first or fifth, can be both an exhilarating and overwhelming process. It’s important that you make the decisions that are right for you, understand each step of the process, and keep an eye on the details. Don’t worry though! You aren’t going through the process alone. With the help and guidance of your Real Estate Agent and Mortgage Consultant, the home buying process should be efficient, pleasant, rewarding, and as stress-free as possible.

The Buyer (that's you!)

Pick a team of experts who will help you every step of the way.
Keep your Real Estate Agent informed of any questions or concerns as they develop.
Keep the process running smoothly by providing documentation and decisions in a timely manner.
Find the right balance between enjoying the home buying process and remaining objective and observant. It’s important that you make the business decisions that are right for you.
Get pre-approved as early as possible. This will put the power of financing behind you, so you can focus on selecting your home.
Stay in communication with your team--this is very important as the process begins moving.

The Real Estate Agent

Previews all available homes and weeds out any that do not meet your wants/needs.
Presents homes that meet your specific criteria.
Helps differentiate homes that are “good buys” from those that may have to be discounted in the future (due to neighborhood, market appeal, etc.).
Negotiates the best deal for you by presenting a Pre-Qualification Letter from Countybank Mortgage. This can help strongly influence the seller by demonstrating that you are a qualified and capable borrower.

The Mortgage Consultant

Provides assistance in selecting a loan that fits perfectly into your life. This crucial decision can save you thousands of dollars over the years.
Keeps you informed of your loan status throughout the entire process.
Keeps your Real Estate Agent informed of our loan progress (NOTE: all personal information is kept confidential. Only deal points and progress are shared.)
Acquires your selected loan at the best rate with the lowest fees.

The Closing Agent - Chris to provide

The General Support Team - Chris to provide

Conventional Loans

A conventional loan is a mortgage that is not guaranteed or insured by any government agency, including the Federal Housing Administration (FHA), the Farmers Home Administration (FmHA) and the Department of Veterans Affairs (VA). It is typically fixed in its terms and rate.

FHA Loans

An FHA loan is a mortgage issued by federally qualified lenders and insured by the Federal Housing Administration (FHA ). FHA loans are designed for low-to-moderate income borrowers who are unable to make a large down payment.

USDA Loans

A USDA Home Loan from the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, is a mortgage loan offered to rural property owners by the United States Department of Agriculture.

VA Loans

A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs (VA). The program is for American veterans, military members currently serving in the U.S. military, reservists and select surviving spouses (provided they do not remarry) and can be used to purchase single-family homes, condominiums, multi-unit properties, manufactured homes and new construction. The VA does not originate loans, but sets the rules for who may qualify, issues minimum guidelines and requirements under which mortgages may be offered and financially guarantees loans that qualify under the program.

Jumbo Loans

A jumbo loan, also known as a jumbo mortgage, is a form of home financing for whose amount exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). As a result, unlike conventional mortgages, it is not eligible to be purchased, guaranteed or securitized by Fannie Mae or Freddie Mac.