Processing

Now that you have been pre-approved, you have found the perfect home, you and the seller have agreed to the terms of the offer. You are now in a legal binding agreement (contract) to buy this home. Everything must be sent to the loan processor. It is very important to always get everything to the loan officer as fast as you can. The loan processor takes your financial information and uses it to verify your employment, your credit score, credit history and banking information. This is to make sure you can repay your loan. Make sure to respond to your loan processor as fast as you can. When they ask for paperwork then ask for paperwork again, its all part of it. Just give them what they want, fast. **Very Very important. Once you have started working with a lender DO NOT make any large cash deposits, DO NOT buy anything on credit, DO NOT open up a new credit, DO NOT buy a vehicle, DO NOT do anything until you talk with your Flora agent or loan officer. The reason is it could unqualify you for your loan. Bye Bye dream home. Watch your P’s and Q’s and you will be in your new home soon.