There are many factors to consider when purchasing a home, and it’s important to give attention to each and every one of them.
Once you’ve narrowed down these components, consider the benefits of buying new versus an existing, older home. When buying a new Landsea Homes residence, you will benefit from the following:
Follow these suggestions and the likelihood of successfully obtaining a loan approval will be greatly increased.
If it’s necessary to pay off bills to help you qualify for a loan, your loan officer will tell you. They will also properly instruct you on how to pay off those bills so that you have the lender-required proof of doing so.
If you are paid by the hour, maintain a consistent amount of hours worked.
Keep your pay stubs.
Do not make any major purchases.
Don’t pay off any big bills. Reducing cash reserves may become a problem.
Leave your money right where it is (same bank, same account) until your loan is closed.
If you make any unusual deposits, the lender will likely ask where the money came from, so make sure the source can be legally traced.
We know you are a really nice person but do not co-sign for anyone during this time.
Once your purchase agreement has been fully executed by both parties (you and Landsea Homes, the seller) and you have provided the sales counselor with your deposit check, escrow will be opened (in states where applicable).
An escrow account is set up with a neutral third party that receives and disburses funds for all involved. The escrow officer will process the escrow in accordance with the escrow instructions, and, when all conditions required in the escrow have been met, the escrow will be closed and you will be a new homeowner.
We are proud of the exceptional features included in each and every Landsea home. We also understand the importance of being able to customize your home to fit your lifestyle. Colors, textures and materials can create an endless variety of different looks. Whether you purchase a home that is under construction or buy one that is completed, the timing will determine the available options and upgrades.
Once all of the requirements have been met, final loan approval will be issued. Loan documents will be generated and sent to escrow, title or attorney, depending on your state’s requirements, who will then let you know the exact amount of funds you’ll need to close your loan. We will set an appointment for you to execute all paperwork. Once your loan has funded and your mortgage has been recorded, you will receive the keys and become a proud new homeowner!
Welcome home! Now that you have the deed and the keys to your new home, it’s time to move in! Some important items that you’ll want to add to your ‘to-do’ list when preparing for your big move: