Buying or Refinancing Your Home: Step by Step

Purchase

From the sale to closing, here is how we represent you step-by-step and help you move smoothly through the home buying process:

Step 1 - MEET WITH YOUR 1ST SECURITY BANK LOAN OFFICER

  • Loan Application
  • Credit Report
  • Buyer Approval Certificate
  • Employment Verification
  • Deposit Verification

Step 2 - FIND YOUR HOME USING YOUR REAL ESTATE AGENT

  • Select Home
  • Prepare Contract
  • Professional Property Inspection

Step 3 - PROCESSOR

Orders:

  • Title
  • Appraisal
  • Sets Up Escrow
  • Flood Determination

Step 4 - UNDERWRITER

  • Loan Conditions
  • Verifies the loan meets lending and regulatory requirements
  • Conditional approval

Step 5 - PROCESSOR

  • Clear Underwriting Conditions
  • Request Closing Documents

Step 6 - ESCROW OFFICER or CLOSER

  • Order Payoff Statements
  • Clear Title
  • Prepare Closing Statements
  • Set up appointments with parties to Execute Documents (Signing)
  • Record Deed of Trust
  • Close Purchase

Step 7 - ENJOY YOUR NEW HOME!

 

Refinance

From the first call to your Loan Officer to the dispersing of funds, here is how we move through the refinancing process:

Step 1 - MEET WITH YOUR 1ST SECURITY BANK LOAN OFFICER

  • Loan Application
  • Credit Report
  • Preliminary Approval 

Step 2 - PROCESSOR

Orders:

  • Title
  • Appraisal
  • Sets Up Escrow
  • Flood Determination
  • Employment Verification
  • Asset Verification

Step 3 - UNDERWRITER

  • Loan Conditions
  • Verifies the loan meets lending and regulatory requirements
  • Conditional approval

Step 4 - PROCESSOR

  • Clear Underwriting Conditions
  • Request Closing Documents

Step 5 - Escrow Officer or Closer

  • Order Payoff Statements
  • Clear Title
  • Prepare Closing Statements
  • Set up appointments with parties to Execute Documents (Signing)
  • Record Deed of Trust
  • Close Purchase

Step 7 - ENJOY YOUR NEW LOAN!