Buying a home is one of life’s most exciting milestones. Whether you are purchasing your first house or moving into a new chapter, understanding the process can make the journey smoother.
At Patterson State Bank, we believe education and personal service go hand in hand. Our local home loan specialists are here to guide you through every step, answer your questions, and make sure you feel confident from start to finish. Here’s a closer look at how the homebuying process works and what you can expect at each stage.
Step 1: Get Pre-Qualified
Before you start searching for your dream home, it helps to know what you can comfortably afford. Getting pre-qualified gives you a clear idea of your budget and shows sellers you are a serious buyer.
At PSB, we make pre-qualification simple. One of our loan specialists will review your financial information, explain your options, and help you understand what a realistic price range looks like. This early step sets the foundation for a smooth and stress-free buying experience.
Step 2: Explore Your Loan Options
Every buyer’s financial situation and goals are unique. That’s why we take time to help you find the mortgage that fits you best.
Our team will walk you through different loan types, discuss down payment options, interest rates, and loan terms, making sure you understand how each choice affects your budget over time.
Unlike large online lenders, we believe in real conversations. You will have a dedicated loan officer who gets to know you and helps tailor a solution that aligns with your long-term goals.
Step 3: Find the Right Home
Once you are pre-qualified and have a loan strategy in place, it is time for the fun part—house hunting. You can start browsing listings, tour homes with your real estate agent, and make offers with confidence knowing exactly what you can afford. Your lender can also update your pre-qualification letter if needed and answer questions as you move toward an accepted offer.
Step 4: Apply for Your Mortgage
When you find the home you love, you will complete a full mortgage application. Your lender will collect documents such as pay stubs, bank statements, and tax returns to verify your information.
At Patterson State Bank, we keep the process as simple as possible. You will always know what is happening, what is needed, and where your application stands. We believe communication is key, and our team is always just a phone call or visit away.
Step 5: Home Appraisal and Underwriting
Once your application is submitted, your lender will order an appraisal to confirm the home’s value. After that, your loan enters underwriting, where we review your financial details and finalize the approval.
This step can sound intimidating, but with PSB, you’re never left guessing. Our lending team walks you through each update and helps resolve any questions quickly.
Step 6: Closing Day
After approval, it’s time to make it official. During closing, you will review and sign the final loan documents, pay any closing costs, and receive the keys to your new home.
Your Partner Beyond Closing
Your relationship with Patterson State Bank doesn’t end once you move in. We are proud to support our customers long after closing, whether you have questions about your payments, want to explore refinancing, or are planning for your next home.
When you choose PSB, you gain more than a mortgage. You gain a trusted partner who cares about your success for years to come.
Ready to begin your homebuying journey? Our local loan specialists are here to guide you every step of the way. Start your personalized path to homeownership or contact us today to learn more.
