Sacramento Home Mortgage Loans | The Chris Kennedy Team
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Moving/Buying a Home

Let’s Get Moving.

Moving & Buying a Home

A NEW START

Whether it is for work, family, or retirement, our loan experts know the specific situations that can arise during a move. Financing when you are buying one home and selling another can get tricky. Our knowledgeable mortgage experts can help get you the loan you need quickly so you can focus on your new start.

SELLING ONE HOME TO BUY ANOTHER: SHOULD YOUR HOME SELL FIRST?

When you are selling an existing home to buy a new one, things don’t always go according to plan. What happens when you have found your new home, but your current one hasn’t sold yet? Where will your down payment come from?

Luckily, our team of problem solvers can help you explore alternative options to help you buy your new home, even if your current home is still on the market. Ask us if a bridge loan or home equity loan may be the answer you are looking for.

    • Once you decide you are ready to buy a home, one of your loan officers will give you a call to review basic financial details to get a general idea of your situation.

    • You will then be ready to take a quick loan application. This loan application provides a complete picture of your assets, debts, credit score, and what you are buying. Our team may request additional documentation such as taxes, pay stubs, etc. from you to complete your loan application.

    • After a quick review of your background, our team will work towards issuing you a pre-approval.

    • Your pre-approval will be issued in the amount you can qualify for, giving you a clear target home price while you are house hunting.

    • When you find your dream home, a pre-approval makes your offer stronger because the sellers know you are qualified to buy the home.

    • Having your pre-approval completed before you house hunt will make the loan process smoother as you move towards financing your home.

    • Armed with your pre-approval, it’s time to find your dream home!

    • Partnering with a trusted Real Estate Agent is always recommended.

    • Keep in mind that your home price should not exceed your pre-approval amount. If you find a home that exceeds your pre-approval amount but you would like to put in an offer anyway, please contact your loan officer first.

    • It is important to us that you are set up with a loan product that best fits your financial goals. The Chris Kennedy Team offers an extensive portfolio of products that includes Conventional, FHA, VA, Jumbo, and even down payment assistance if you qualify! Your loan officer will schedule a follow up consultation to walk you through your options.

    • All home loans have specific guidelines that must be met to be funded. Our loan processor is tasked with reviewing each and every loan to ensure these conditions are met and appoved.

    • While an underwriter reviews your file, an appraisal will be ordered to verify the value of the home you want to purchase.

    • It is normal for additional documentation to be requested during processing and underwriting, so do not panic if our team reaches out. This is simply our team providing the underwriter with what they need to approve the loan.

    • Before your loan is approved, you will receive a list of closing conditions that must be met before the loan closes.

    • These conditions could include proof of insurance or an updated verification of employment to ensure your documentation is current.

    • Once these conditions are met, the underwriter will issue a clear to close.

    • You’re on the home stretch!!!

    • We will send your closing documents to your title company who will arrange your document signing.

    • Once your document signing is complete and funding conditions have been met, the title is recorded and the process is complete. You are now a proud homeowner and it is time to pick up your keys!!!