5 Things First Time Home Buyers Should Know About Clear to Close
Image used with permission - Diana Walton- Houston First Time Home Buyer Specialist
Hello and welcome to Houston First Time Home Buyers Edition, where we provide useful information to help Houston first time home buyers make the most informed decision when it comes to buying, decorating, and maintaining their first home.
Purchasing a home involves lots of steps and many different professionals. A whole lot of work is required to get your loan to clear to close. Here are 5 things you should know about the clear to close process, as you make your way to the closing table.
Clear to close is the point in your mortgage process when your loan receive final approved. All requirements and conditions have been met.
Your loan cannot close unless it received clear to close.
Conditional approval means more documents maybe requested by the underwriter.
The loan officer you work with in the beginning, is not the person with the final say if your mortgage loan is approved or denied.
The underwriter is the person that makes the final decision.
Your mortgage application and all the supporting documents that you provided to the loan officer and processor, is always turned over to the underwriter for detail review and final decision. We hope you enjoyed your visit with us today.
As always, thank you so much for stopping by. Remember, if you are thinking of purchasing your first home, please contact us. We are here to help. We have been helping Houston first time home buyers since 2011 and we can help you. I hope you have an amazing day. Until next time...Diana
