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APY up to

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Home Buying To Do List

Getting Started

When it comes to purchasing a home, you want to be as prepared as possible. Gathering all of the documents that you will need is a wonderful way to start. Most lenders require documentation and other information to complete your mortgage loan application. However, having your documents already in order speeds up the process.

Check List :

    checkbox Pay down your debt.

  • checkbox Fine-tune your budget (how would homeownership affect your daily lifestyle).

  • checkbox Gather together all of your financial documents.

  • checkbox Determine which Mortgage Loan work better with your budget


Pre-qualifying for a mortgage is the initial step you should take in the mortgage process. To pre-qualify means that a lender has investigated your debt, income and assets and has given you an idea of the mortgage amount you will qualify for. This initial pre-qualifying step allows you to discuss any goals or needs you have regarding a future mortgage with your lender.

Check List :

    checkbox Gather your financial information.

  • checkbox Apply online to pre-qualify.

Searching for a home

When it comes to purchasing a home, you want to be as prepared as possible. After pre-qualifying and knowing how much you can afford, it is time to begin the house hunt.

Check List :

    checkbox Hire a real estate agent through our partner Home Advantage and receive rebates Home Advantage

    *Cash Rewards are awarded through the HomeAdvantage program to buyers and sellers who select and use a real estate agent in the HomeAdvantage network. Home buyers or sellers are not eligible for Cash Rewards if they use an agent outside this network. Cash Rewards amounts are dependent on the commissions paid to the HomeAdvantage network agent. Obtaining a mortgage or use of any specific lending institution is not a requirement to earn Cash Rewards. If you are obtaining a mortgage, your lender may have specific rules on how Cash Rebate can be paid out. Cash Rewards are available in most states; however, are void where prohibited by law or by the lender. Please consult with your lender for details that may affect you.

  • checkbox Determine what type of home you are looking for (condo, single family home or townhouse).

  • checkbox Compare homes in your price range.

Making an offer

Making and offer or bid on a property is not just an important step. It is a law binding contract between you and the seller. Always remember that your offer will become contract very quickly. It is very important to understand and have everything that you want included in it.

Check List:

  • checkbox The proposed selling price (what you are willing to pay).

  • checkbox List any concession that you wish for the seller to make.

  • checkbox List any home inspection contingencies.

  • checkbox Begin negotiating the price.


Once negotiations are finished, the home inspection has been completed, and the mortgage has been applied for and committed to the purchasing the property, closing begins.

Check List:

    checkbox Prepare for the down payment and closing cost.

  • checkbox Review the contract.

  • checkbox Conduct a home walk through.

  • checkbox Have the home inspected.

  • checkbox Gather forms of identification.

  • checkbox Prepare a person check for the seller.

  • checkbox Receive your HomeAdvantage Cash Rewards*

Why an SDFCU Mortgage?

We offer our members several types of mortgage options. We work with you to find the best mortgage option to fit your finances and your needs.

Mortgage Options:

Fixed Rate Mortgages

Are you looking for a consistent rate and predictable mortgage payment that always stays the same for the life of the loan? Our Fixed Rate Mortgage might be the perfect choice for you. Choose from a 30, 20, 15, or 10-year fixed-rate mortgage.

Adjustable Rate Mortgage (ARM)

If you are looking for a very low rate in the beginning and do not mind a fluctuating interest rate that changes after a pre-determined number of years, then you might want to consider our Adjustable Rate Mortgage. Choose from 3/1, 5/1, 5/5, 7/1, and 10/1 terms. You could include the 5/5 ARM in this section well.

If you are a first-time home buyer, our 5/5 ARM** mortgages are a great option for you.

Second Homes, Vacation Homes, and Investment Properties

Enjoy a 15-year term and up to 80 percent Loan-to-Value (LTV) on purchases and refinances on your second home, vacation home or investment property. Second homes and vacation homes have up to 30-year terms. It is only the Investment Properties that have a term limit of 15 years.

Super Conforming and Jumbo Mortgages

We offer our members up to 90 percent LTV on loan amounts over $417,000.00. If you are a first-time home buyer, our 5/5 ARM mortgages are a great option for you.

Apply online to pre-qualify.

If you feel like you are ready to begin your home search, gather your financial materials and apply or pre-qualify. To pre-qualify means that a lender has investigated your debt, income and assets and has given you an idea of the mortgage amount you will qualify for.

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Check out our available seminars and webinars.

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