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Key West Home Buying Process

The home buyer’s process can be daunting if you don’t have the right guidance, our Home Buyer Experts have years of experience helping buyers and has put together this brief summary of what you can expect when buying.

Key West Home Buying Process

How Home Buying in Key West Works

The home buyer’s process can be daunting if you don’t have the right guidance, our Home Buyer Experts have years of experience helping buyers and has put together this brief summary of what you can expect when buying. This is just a very brief guide to give you an idea of the home buying process. Once you contact us about buying, we will set up a buyer’s consultation where we will take the time to review the home buying process in detail, field all questions you may have and discuss the best way to proceed for buying a home. When you prepare to buy, it is essential that you understand the process and that’s why we put such an emphasis on educating all our buyers before we get started.

1.  Contact Fidelity Home Group

Buying your first home? First time homebuyers come to us because we offer many programs geared to new home buyers such as FHA loans, VA mortgages, Conventional loans, and more. Our Home Buyer Experts understand the excitement and stress of buying your first home and take time to walk alongside you. There are several loan choices for first time home buyers; our Home Buyer Experts have years of experience in guiding you to a mortgage that fits your lifestyle.

NEXT STEP

Home Purchase Qualifier

NEXT STEP

Home Purchase Qualifier

1.  Contact Fidelity Home Group

Buying your first home? First time homebuyers come to us because we offer many programs geared to new home buyers such as FHA loans, VA mortgages, Conventional loans, and more. Our Home Buyer Experts understand the excitement and stress of buying your first home and take time to walk alongside you. There are several loan choices for first time home buyers; our Home Buyer Experts have years of experience in guiding you to a mortgage that fits your lifestyle.

1.  Contact Fidelity Home Group

Buying your first home? First time homebuyers come to us because we offer many programs geared to new home buyers such as FHA loans, VA mortgages, Conventional loans, and more. Our Home Buyer Experts understand the excitement and stress of buying your first home and take time to walk alongside you. There are several loan choices for first time home buyers; our Home Buyer Experts have years of experience in guiding you to a mortgage that fits your lifestyle.

NEXT STEP

Home Purchase Qualifier

NEXT STEP

Home Purchase Qualifier

4. Make an Offer

Now comes the fun part – begin shopping for a house. Here you will work with our Home Buyer Experts who works with a Realtor to guide you toward homes that match your criteria.  The internet has made it easy to view homes online before we schedule your open house for you to visit them in person.

There are several loan choices for first time home buyers; our Home Buyer Experts have years of experience in guiding you to a mortgage that fits your lifestyle.

5. Verifications

Here the underwriter will verify your income, employment and assets. Our technology gives you a secure way to provide your information without faxing, scanning or mailing documents. We can validate your income, employment and assets almost instantly online—you simply need to provide your Social Security Number and bank information.* 


*Not all loans are alike; as such, this simplified version of our process may not encompass every step of every loan. Additional documents may be required based on your circumstances. 

NEXT STEP

Home Purchase Qualifier

NEXT STEP

Home Purchase Qualifier

6. Underwriting

The information from your application begins to go through a verification process to ensure your debts and income match the information provided. In addition, an appraisal is ordered to confirm the value of your prospective home. A title search is also done to ensure there are no problems with ownership of the property such as outstanding tax liens, judgments, additional mortgages or owners, or anything else that could cause problems in transferring the property to you. Through automated processes and by keeping the process in-house, our average underwriting turn time is 48 hours—getting you to the closing table faster.

7. Buy and Close!

Your Home Buyer Expert will work alongside any pertinent parties, including escrow agents, lawyers, etc., to close your loan as quickly as possible—typically 14 days or less. Where you live will determine any additional waiting periods or closing processes, but all will be streamlined so that you’re prepared and ready to accept the keys to your new place.

*Closing times may vary based on various transactional factors such as borrowers’ document response times, property locations, and credit profile.  

Congratulations! You are a Home Owner.

NEXT STEP

Home Purchase Qualifier

Key West Home Purchase Qualifier

*Assumes 2.799% APR, 20% down payment, and conforming 30-year fixed rate first mortgage on a single family, primary residence. The monthly payment you enter includes only principal and interest. Additional required amounts such as taxes, insurance, home owner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan based on the payment entered. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice.  **Posted APR is based on Mortgage Assumptions
 
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