Our Home Buying Process
At Altius Mortgage in Draper, Utah, our mission is to make the home buying experience as seamless and stress-free as possible. We’re proud to be a trusted mortgage lender in Utah, and we understand that buying a home can feel overwhelming, especially if it’s your first time. That’s why we’ve created a step-by-step guide to walk you through the process. From pre-approval to closing day, we’ll be with you every step of the way.
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Get Pre-Approved
The first step in buying your dream home is getting pre-approved for a mortgage. Pre-approval helps you understand how much you can afford, giving you a clearer picture of your price range. This also shows home sellers that you’re a serious buyer with the financial backing to make an offer. At Altius Mortgage, our team will guide you through the pre-approval process, reviewing your financial information such as income, credit score, and debt-to-income ratio. Within a short time, we’ll provide you with your pre-approval letter, setting you on the path toward homeownership.
Start House Shopping
Once you’re pre-approved, the fun begins! With the help of a trusted real estate agent, you can start shopping for homes that fit your budget, needs, and preferences. Utah offers a variety of stunning homes, from family-friendly suburbs to charming houses nestled in scenic mountain areas. Keep your pre-approval letter handy, as you may need it to make a competitive offer when you find the perfect home.
Mortgage Application
When you’ve found the right house and your offer has been accepted, it’s time to apply for a mortgage. Altius Mortgage simplifies this process by helping you fill out your loan application quickly and efficiently. From conventional loans to FHA and VA options, we’ll explain all your options to find a loan type that suits your financial situation. Our experienced loan officers ensure you understand every part of the mortgage application, so there’s no confusion or surprises along the way. Being a top Utah mortgage company means we’re committed to making this step as smooth as possible.
Loan Processing
After your application has been submitted, it moves into the loan processing phase, where all your documents are reviewed and verified. During this time, our team will verify your income, assets, and employment to ensure everything aligns with your loan requirements. We’ll also order an appraisal for the home you’re purchasing to confirm that it matches the agreed-upon sale price.
Loan processing can feel detail-heavy, but rest assured, our team will keep you updated on the progress and notify you if any additional information is needed.
Underwriting
Next comes underwriting, the most critical part of the mortgage approval process. During this stage, our underwriters assess your application to determine if it meets the lender’s guidelines. They carefully examine your financial profile and the home appraisal to ensure everything checks out.
If the underwriter has questions or requests further documentation, our team will work closely with you to address them promptly. Think of us as your partner throughout this process—we’re here to ensure smooth sailing.
Closing Day
Finally, it’s time for the most exciting step in the home buying process: closing day! During closing, you’ll sign the final paperwork, settle any remaining fees or down payment requirements, and officially gain ownership of your new home. We’ll walk you through the closing documents to make sure everything is accurate and that you feel confident before signing.
Once the paperwork is complete, you’ll receive the keys to your new home and can start making memories.
Why Choose Altius Mortgage?
At Altius Mortgage, we’re more than just a mortgage lender in Utah; we’re your trusted partner in turning homeownership dreams into reality. Our friendly, knowledgeable team is dedicated to providing outstanding service, answering your questions, and ensuring you feel confident throughout the entire home buying process.
Are you ready to take the first step? Contact Altius Mortgage in Draper, Utah, today to get pre-approved and begin your exciting home buying journey. Together, we’ll make your dream home a reality