To assist you in purchasing your first home, we've outlined who is responsible in processing, approving and closing throughout the mortgage process.

ESCROW:   An independent third party responsible for disbursement of buyer(s) and seller(s) funds.
REALTOR:  Your REALTOR is responsible for this task.
SELLER:     The owner of the home you are looking to purchase.
THMC:        The Honest Mortgage Company is responsible for this task.
YOU:          You are responsible for this task.

• YOU & THMC: Complete your loan application online, or in person. It's very important to be pre-approved before you find your dream home as it puts you in a stronger position when making an offer to the seller.
  
  
• YOU & REALTOR: Meet and sign a contract making an offer to purchase a home.
  
  
• SELLER & ESCROW: Seller approves offer, and a new escrow is opened.
  
  
• YOU: Supply THMC with all the lender requested documents as timely as possible.
  
  
• THMC: Orders all other documents needed to complete your loan application, including your credit report (we will give you a copy).
  
  
• REALTOR: Your REALTOR will schedule a property inspection prior to an appraisal being performed.
  
  
• THMC: Orders an appraisal from a licensed appraiser (in your area) to determine the value of the home you are purchasing.
  
  
• YOU: Obtain hazard/homeowner's insurance for a minimum coverage of structural replacement value per the appraisal. Proof of payment of annual premium is required before closing.
  
  
• ESCROW: Orders title search using the seller's title company of choice.
  
  
• THMC: Advises you and your REALTOR when the appraisal is received.
  
  
• REALTOR: Coordinates the required completion of repairs and associated costs between you and the seller.
  
  
• YOU & REALTOR: Verify with a follow up inspection that the required repairs have been made.
  
  
• THMC: Completes all paperwork to ensure your loan is ready to close.
  
  
• YOU: Ensure you have completed all paperwork for your hazard/homeowner's insurance and forward a copy to THMC 5 days prior to closing.
  
  
• THMC: Advises all parties that the approval, inspections and survey have been completed and the closing can be scheduled.
  
  
• YOU & ESCROW: Bring photo identification and a cashier's check for the funds needed to close to the closing escrow appointment.
  

For more details please view Understanding the mortgage process

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