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Home Buying Process

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The Home Buying Process

Learn what you need to do to buy a home!

Get Pre-Qualified

Getting prequalified for a mortgage is a good idea for two reasons. First, it will help you estimate the prices of homes you can afford. Second, it can make your offer more attractive because pre-qualification gives sellers more confidence that you will be able to get a mortgage to buy their homes. At Freedom Mortgage, we can often help you get prequalified for a mortgage online.

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How to get prequalified for a mortgage

Jump start your home search with prequalification

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How to buy a house

Your step-by-step guide to buying a home

Find Your Home

Once you know how much you can afford, you are all set to start looking for homes! Think about making a list of what’s important to you like the size of the house and how many rooms it has, how long it will take you to get to work, the quality of the local schools, the cost of living and property taxes in the community where you want to buy, and more. Consider finding a real estate professional to work for you as a buyer’s agent. At Freedom Mortgage, we’ve partnered with HomeStory to help you find a real estate agent and search for homes online. Visit our HomeStory page now.

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When is the best time to buy a home?

More choices and higher prices when the weather is warm

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How do you make an offer on a house?

There's more to an offer than just the price

Apply for a Mortgage

At Freedom Mortgage, we can help you buy a home with conventional, FHA, VA, and USDA loans. Check out details about these loans below. Need help choosing? Take a look at our mortgage comparison table.

Conventional Loans Icon

Conventional Loans

  • All qualified homebuyers are eligible
  • Can buy primary homes, vacation homes, and more
  • Down payments required
  • Mortgage insurance required with down payment less than 20%
Learn more
VA Loans Icon

VA Loans

  • Only qualified veterans, active duty military personnel, and surviving spouse are eligible
  • Can buy primary homes only
  • Down payments often not required
  • Mortgage insurance not required
Learn more
FHA Loans Icon

FHA Loans

  • All qualified homebuyers are eligible
  • Can buy primary homes only
  • Down payments required
  • Mortgage insurance required
Learn more
USDA Loans Icon

USDA Loans

  • Only qualified rural & suburban homebuyers are eligible
  • Can buy primary homes only
  • Down payments often not required
  • Mortgage insurance required
Learn more

Close Your New Loan

After we have your completed application, we will send you documents called “Initial Disclosures" which include your estimated interest, loan terms, and other information. We’ll need you to review and sign these disclosures. Once you’ve signed these disclosures, we’ll start underwriting your mortgage and decide whether your application is approved. When you are approved, we will send you a set of documents called “Closing Disclosures” that will explain your rate and loan terms, mortgage balance and monthly payment, how much you will pay in closing costs, and other information.

Once you review and sign the Closing Disclosures, we can schedule your closing date. Often, we can bring the documents you need to sign to close your loan to your home or another location you select. Other times, you may need to go to the offices of a title company or another business to sign your documents.

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Practical tips for closing on a mortgage

Advice that can help you avoid hassles and delays

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What are closing costs?

Find out what to expect to pay on closing day

Our experienced Loan Advisors can help you buy a home!