How The Home Buying Process Works -

: Your monthly home loan payment should not exceed 30% of your monthly income.

: Obtain a Decision in Principle (DIP) or pre-approval letter from a lender. This proves your buying power to sellers and identifies any credit issues early. 2. Searching & Selecting a Team how the home buying process works

: Once you find a home, your agent helps you submit a formal offer. Sellers review these based on price and "financing strength". : Your monthly home loan payment should not

: This is the most time-consuming phase (often 2–3 weeks), where the lender verifies all financial documents (tax returns, pay stubs) to assess risk. 5. Final Steps & Closing : This is the most time-consuming phase (often

: You sign the final closing documents, the lender funds the loan, and the deed is recorded with the county. Completion : Once funds are disbursed, you receive the keys.