Homebuying process step by step
Buying a home and choosing a mortgage can take anywhere from a few weeks to many months, but you'll still have to follow these basic steps
Contact your Mortgage Banker or mortgage broker to find out how much you can borrow.
Find a real estate agent
A good agent can help you find the house you want, and negotiate a good price. Ask friends, relatives, and colleagues for recommendations and do research online. Find someone who knows the areas you're considering.
Find a house that fits your needs
Attend open houses and view homes for sale to find one that fits your needs.
Make an offer
Your real estate agent will help you make an offer. Your offer provides the price and conditions that must be met if the seller agrees to your offer.
You'll likely have to negotiate with the seller to agree on a price. Your real estate agent will advise you during negotiations to help you get the best possible price.
Apply for a loan
Contact your lender to find out the next steps to apply for a mortgage. You also need to lock in the interest rate for your loan. You can lock in your rate anytime between loan application, up to five days prior to loan closing.