Want to Purchase a Home?
The process of buying a new home can get complicated, especially when there are so many tasks, important timelines, documents, and responsibilities that all need special care and attention.
The Roller Mortgage Team at LeaderOne is here to get you to the closing table on time with no surprises. Our mission is to make your lending experience simple and smooth. We will execute all the important decisions and communicate with you every step of the way.
How do we do it?
What's the Process?
In simple terms, a buyer finds a home, negotiates the terms of a purchase contract with the seller, gets an appraisal to verify value, orders a home inspection to check under the hood, and then signs final documents at the closing table where funds are distributed.
Since local market conditions, location, rates, and property availability can complicate the process, having a trusted mortgage and real estate professional in your corner will help you avoid unnecessary anxiety.
Meet with a Roller Team loan expert to get a pre-approval letter
We will schedule a time to discuss your homeownership goals and obtain all the information necessary to complete your pre-approval. Once we have this information, we can email you a pre-approval right away so you can begin shopping for your new home.
Choose a Loan Program
Our loan expert will guide you through all available loan programs, explain the details of each, and help you select the loan that best suits you and your family’s needs.
Find the Best Real Estate Agent
Don’t know how to find the best realtor? We work with some of Kansas City’s most trusted and experienced real estate agents, and we would be happy to match you with someone who will represent with the highest level of professionalism.
Processing and Underwriting Process
Congratulations, you have found house! Now our team of dedicated processors and underwriters will take your loan through all the milestones necessary to be sure everything is ready for closing day. We will communicate with you every step of the way.
Signing Closing Documents
Our hybrid closing feature allows you to review your closing documents up to 24 hours before your scheduled closing, and your decided loan expert will be there to wish you a congratulations as you are handed the keys to your new home.
First Time Homebuyers
LeaderOne has many options for those looking to buy their first home. From low down payment programs to down payment assistance, we can help you purchase the home of your dreams.
What loan programs do we have?
Types of Mortgages
We Service
We work with all types of buyers and have loan options for everyone looking to purchase a home. These loan options include:
- Conventional
- FHA
- VA
- USDA
- Fixed
- ARM
- Reverse
- JUMBO
- HARP
FAQs
The decision to purchase a home is exciting and can be one of the biggest and best investments you will make during your lifetime.
If you’re thinking about buying a home, some important factors to consider include:
- Monthly payments
- Down payment
- Renting vs. buying
- Location and your lifestyle
You should also consider the time you plan on staying in your new property before either selling, renting it out, and purchasing something new.
Everyone wants to buy at just the right time, but sometimes life happens and you don’t have the luxury of a perfectly-timed market. Limited inventory means that sometimes multiple buyers will compete for the same property.
Depending on whether we’re in a buyer’s or seller’s market may also influence your decision to purchase real estate at any given moment. In a seller’s market the power of a strong pre-qualification will give you an advantage on the competition.
Seller’s Market = More buyers than sellers (or available properties)
Buyer’s Market = More sellers (or available properties) than buyer
Yes! It is important to understand your buying power and loan options before you start seriously looking for a home. There are several reasons for this:
Your pre-qualification will help you understand what will be required to buy a home. You will learn home much money you need to have saved, what your max threshold is for home prices, and what monthly payment you can anticipate based on this price of home.
The market is very competitive, so it is important to have your pre-qualification in order when you are ready to make an offer. Newly listed homes often go under contract within 24 hours of listing, so you do not want to scramble to get your loan options figured out once you find your dream home.
It depends on how far into the pre-qualification process you are. There are outside factors that can stall a purchase transaction, such as title, appraisal, property liens, inspection, inspection issues, and many others.
Do not commit to a short escrow if you are just exploring mortgage options and haven’t spent some time learning to trust your real estate agent’s professional opinion.
You should talk to a mortgage professional if you are financing your home. Your mortgage professional will be able to give you a better idea of programs you are eligible for and price ranges that will keep you within your budget.
Your mortgage professional will also have a trusted source of referral partners that they can introduce you to while you’re in the process of interviewing real estate agents to help you with your home purchase.
If you need a mortgage, then your real estate agent should require you to have a pre-qualification letter prior to scheduling an appointment to preview properties, especially in a seller’s market.
The benefit of meeting with a mortgage professional ahead of time is that you can discuss various mortgage programs that may require specific language or property criteria that your agent needs to know about. Knowing what you can afford will also help your agent research and recommend the right listings for you to preview.
It’s common that a seller will pay the buyer’s agent’s commission, unless specifically stated in a contract.
Keep in mind that a property should sell at fair market value, which is backed up by the professional opinion of the agent representing the buyer and validated by an appraisal.
Lender’s title insurance is required. Owner’s title insurance is optional, but definitely recommended.
If you include title insurance when purchasing a property, your title insurer takes on accountability for legal expenses to defend your property title, should it ever be challenged.
The title company who examined your property’s title, and subsequently issued a title insurance policy, will then take on the legal expenses to defend your interest in title for as long as you are in possession of an interest in the property.
When the final closing documents are signed by both parties and the loan has been funded. This process can take anywhere from 2 – 10 hours.
Your mortgage lender and real estate agent are here to make the final steps of the process quick and painless for you.
