At Deer Valley Credit Union, we're more interested in helping your family transition into the perfect home than we are in selling you a mortgage loan. Whether you're a first-time buyer searching for a two-bedroom bungalow or an experienced homeowner looking to upsize to that new gated community, Deer Valley Credit Union offers a simple mortgage loan application, no hidden fees and flexible repayment terms that make home ownership an easy reality. Use our printable Home Buying Checklist below to get started today.
Home Buying Checklist
Contact Deer Valley Credit Union and talk with one of our trusted loan experts to start the pre-approval process. A pre-approval makes it much easier to find an agent who's willing to work with you to view the properties you want to see.
Locate an agent who fits your lifestyle. Your choice of real estate agent is important because he or she will do the heavy lifting where house hunting is concerned. You need an agent who's available when you are, who's just as dedicated in locating the perfect property and who understands which amenities your family needs in a home. Friends and family who've worked with a realtor are great sources of recommendation. Most homebuyers say they would definitely work with the same realtor again as well as recommending them to a friend or family member.
Begin viewing properties with your agent. Remember which features are non-negotiable and which ones would make the best trade-offs.
Make an offer. You may have to counter back and forth with the seller to get the best price. Don't be afraid to barter, but be sure to listen to your agent's advice when arriving at a price for your initial offer. Coming in too low could offend the seller and bump you out of play altogether.
Be present for the home inspection if your offer is accepted and the home goes into escrow. Requirements vary according to the type of mortgage loan you acquire, but it's safe to assume your home-to-be will need an overall inspection, a pest inspection, as well as a water and a septic test if your home boasts a well and private septic system.
Sign your final loan documents and close on your new home.
Download & Print Your Comprehensive Guide for First-Time Home Buyers
If you’re interested in understanding mortgages, how your credit score affects your home buying options and more, download this ebook.
The home buying process can be streamlined if your credit rating is in the right place, if you have the right down payment, and if the home you're hoping to purchase is in good, saleable condition. Several factors can affect how quickly you obtain your loan approval and how soon you go to closing, including:
- Your credit report. If you have a lower credit score than what you expected, you may have to take a few months to pay off outstanding debts before your loan can be approved.
- Whether the home you're purchasing is currently occupied. Renters must be given appropriate notice before moving on, and if your seller is still occupying the home, this could affect your timeframe as well.
- The condition of the home in question. Some types of loans are doable for fixer-uppers, others -- such as FHA loans -- require homes to be in good condition from the get-go.
You may think you can't afford the cost of home ownership, but with flexible repayment options, that's not the case. Regardless of any obstacles you may encounter during the home-buying process, you can rest assured that the friendly professionals at Deer Valley Credit Union have your back. We'll guide you through this life-changing experience every step of the way, making that new dream home easily accessible. Call today to take the first step toward owning the home of your dreams.
This article is intended to be a general resource only and is not intended to be nor does it constitute legal advice. Any recommendations are based on opinion only.
Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. All loans subject to approval.