We'll Help Guide You on Your Home Buying Journey

MISSION Step-by-Step Guide to Buying your 1home FEDERAL CREDIT UNION st Are you ready? Can you If you answer yes to the following questions, you're ready to become a homeowner! Are you financially stable with a budget for a payment at current home prices and interest rates? Do you plan to stay in one place for a while? positive credit history? Prepare for HOuse Hunting We can help you find a reputable real estate agent to locate affordable housing, establish and negotiate bids, and estimate monthly costs. Get your documentation in order (pay stubs, W2s, tax returns, etc.). Evaluate Determine the type of home you Research what's on the market. your loan options and secure financing. want. With a 20% or more down payment, you can avoid having to pay Private Mortgage Insurance. Be flexible and patient- it will all be worth it in the end! Placing an Offer Work with your Realtor to present the seller's agent with a purchase agreement and negotiate remaining details, such as closing costs. Receive an You will be required to make an earnest money deposit. Obtain a home inspection to evaluate the quality, safety, and condition of the home. Ensure monthly housing costs do not exceed appraisal on the home to determine equity. 32% After an offer is approved, escrow generally takes 30-45 days. of your income. Find homeowner's insurance. Congratulations! You're a 10 Homeowner! You've made a smart purchasing decision for your family and a fantastic investment in your future. Apply for a Home Loan online or visit any Mission Fed Branch. All loans and accounts Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government NCUA are subject to approval. EQUAL HOUSING National Credit Union Administration, a U.S. Government Agency LENDER %24 OO %24