(513) 214-3809
Quick Links
Contact Information
Steve
Collins
Branch Manager
11590 Century Boulevard Suite 112
Cincinnati, Ohio 45246
Branch: (513) 791-2100
Direct: (513) 214-3809
Cell: (513) 324-0257
Fax: (855) 201-4292
Branch Manager
11590 Century Boulevard Suite 112
Cincinnati, Ohio 45246
Branch: (513) 791-2100
Direct: (513) 214-3809
Cell: (513) 324-0257
Fax: (855) 201-4292
steve.collins@AcademyMortgage.com
10 STEPS TO HOMEOWNERSHIP
From pre-approval to closing, Academy Mortgage is here
to guide you on the path to homeownership. You can count
on us for responsible, honest, and ethical service in every step of the process.
1. Loan pre-approval. Pre-approval allows you to search for a home
that you can afford based on your debt, income, and credit.
An application and supporting financial documents must be submitted to your Loan Officer, including pay stubs,
tax returns, and account statements.
2. Property search. Once pre-approved and you know how much home you can afford, start shopping with your real estate agent!
3. Purchase and sale agreement. When you find the right home, the terms of sale are negotiated and your agent will present your offer to the seller for acceptance.
4. Appraisal and property inspection. Once the seller accepts your offer, an appraisal is ordered to identify any discrepancies between the sale price and appraised value. Properties are also inspected for water and termite damage and other safety hazards.
5. Processor’s and underwriter’s review. A loan processor will review the full file and send all pertinent information to an underwriter, who will make the final decision to approve a loan.
6. Final loan approval. If you have a good credit score and debt-to-income ratio, your loan will likely be approved. Keep in mind that there may be financial conditions or property conditions that need to be met before final loan approval.
7. Signing. Final loan and escrow documents will be prepared and signed by you (the buyer) and the seller.
8. Funding. A wire or check for the amount of the loan will be sent to the title company.
9. Close of escrow. Documents that transfer titles are recorded with the county.
10. Confirmation of recording. The title company will authorize the escrow company.
2. Property search. Once pre-approved and you know how much home you can afford, start shopping with your real estate agent!
3. Purchase and sale agreement. When you find the right home, the terms of sale are negotiated and your agent will present your offer to the seller for acceptance.
4. Appraisal and property inspection. Once the seller accepts your offer, an appraisal is ordered to identify any discrepancies between the sale price and appraised value. Properties are also inspected for water and termite damage and other safety hazards.
5. Processor’s and underwriter’s review. A loan processor will review the full file and send all pertinent information to an underwriter, who will make the final decision to approve a loan.
6. Final loan approval. If you have a good credit score and debt-to-income ratio, your loan will likely be approved. Keep in mind that there may be financial conditions or property conditions that need to be met before final loan approval.
7. Signing. Final loan and escrow documents will be prepared and signed by you (the buyer) and the seller.
8. Funding. A wire or check for the amount of the loan will be sent to the title company.
9. Close of escrow. Documents that transfer titles are recorded with the county.
10. Confirmation of recording. The title company will authorize the escrow company.
License: IN Lic#18766 | KY Lic#MC85067 | OH Lic#LO.001612.000 | NMLS 704231
Branch License Information: Branch License #MB.803997.000
| Branch NMLS #308560
Ohio's Corp License Information: Corp License #MB.803997.000 | Corp NMLS #3113 | Ohio Dept. of Commerce | 6147288400 | http://www.com.ohio.gov/
© Academy Mortgage Corporation 2013. All rights reserved. | NMLS #3113 | NMLS Consumer Website |
