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HOME PURCHASE TIMELINE

This simplified "snapshot" of a typical purchase will adjust based on the contract terms that you and the seller agree to. Sara's clients can keep track of this process by signing into the secure, encrypted "Client Area" of this web site, where each client's actual loan process timeline is available and updated regularly. (Each client is assigned a unique access code that allows them to only see their loan's status)

TIMELINE ESTIMATE
Save money / prepare portfolio / gather information for loan
Get Preapproved by Sara
Look with your Realtor for a home that fits your portfolio

Make an Offer to purchase (provide an Earnest money deposit by check)

Your Realtor presents offer to seller and seller's agent.

IF ACCEPTED:
Authorized by buyer and seller

Realtor calls Sara to put loan in high gear

Sara orders Appraisal ($350+)

Escrow company gives Sara Preliminary Title Report

Sara Updates file with Buyers

Appraisal returned

Loan type chosen

Loan is submitted to Lender

Approval with Conditions received
(lift loan contingency and increase deposit to 3% of price if comfortable with conditions)

Conditions worked on and satisfied

Lock loan (choose final rate / fees)

Lender 'Draws' Documents

Buyer to Escrow to sign 		IF REJECTED
Re-Offer or look for another property



You and your Realtor have property condition Inspections, examine RETDS, any other relevant information

Approve 		Negotiate
Reject Property
COUNTERED BY SELLER

Agree      
Authorize 
Reject
Counter to counter

Agree      
Authorize 
Reject
Counter again (etc.)
Downpayment and closing costs to escrow (cashier's check)

Lender funds loan through escrow
next day

Deed is recorded at county offices - You're a homeowner!



Mobilize Sara's team by calling 415-448-6350.


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California Mortgage - California Home Equity Loan - California Refinance