SKIP TO MAIN CONTENT
Logo
  • About Us
  • Learning Center
  • Calculators
  • Log In

Learning Center


Home Purchase Basics

Congratulations on your decision to buy a new home! There are many important things to consider throughout the process, especially if you're a first-time homebuyer. Below is some information that will keep you on track.

A home purchase may be your largest financial transaction to date, so it's important to make the right decisions and to keep an eye on the details. With the assistance of your real estate agent and mortgage banking officer, it should be an efficient, pleasant, and ultimately rewarding experience.

Count On Your Real Estate Agent To:

  • Preview available homes to weed out those that are overpriced, or undesirable in some other way.
  • Present the homes that suit your needs as you've defined them.
  • Help you determine the difference between a "good buy" and a property which, because of its nature (neighborhood, market appeal, etc.), might have to be discounted if you decide to sell in the future.
  • Negotiate the best deal for you. With a pre-qualification letter from us in hand, your real estate agent will be able to demonstrate that you are a qualified and capable borrower. This will strongly influence the seller, and may make the difference between the seller accepting your offer or someone else's.

Count on your mortgage banking officer to:

  • Assist you in selecting the best loan to meet your personal situation and goals. 
  • Keep you informed of your loan status throughout the entire process.
  • Keep your real estate agent informed of our loan progress (Note: your personal information is always kept confidential; only loan  progress is shared).
  • Get the appropriate loan for you at the best rates and fees. This could save you money up-front and throughout the years to come.

Count On Yourself To:

  • Keep your real estate agent informed of any questions or concerns as they develop.
  • Make sure you are pre-qualified as soon as possible. This will put the power of financing behind you so you can concentrate on selecting your home.
  • Keep the process moving by providing documentation and decisions in a timely manner.
  • Enjoy purchasing your home, but do remain objective throughout -- to make the business decisions that are best for you.

How the Process Works

Once you select our mortgage team to obtain your home loan, you'll be amazed at how quickly and simply the loan process moves forward. Before you know it, you'll have a mortgage that suits your lifestyle and saves you money.

Throughout the loan-application process, our team will provide you with regular updates. Customers can also e-mail us with questions or new information. If assistance is needed at any time throught the process, a mortgage expert who can answer questions is just a phone call away.

Here's an overview of the loan-application process.

Step one:

Apply Now

Getting started is easy.  When you've selected a property and have a contract with the seller, the next step is to complete your loan application, which can be done easily through our website. To get started, select "Apply Now" below.

At the appropriate time we'll order a property appraisal for you.

Step two:

The loan is approved and funded.

A mortgage banking officer will coordinate the closing of your loan, and work with you to go over the details to make your purchase go smoothly.

Approved here.  Closed here.  Serviced here.

MORTGAGE GLOSSARY
APPLY NOW
  • Privacy Policy

American Bank Center NMLS #466701

220 1st Ave W, Dickinson, ND  58601

Toll Free:  (877) 483-6811

Direct:  701-221-4726

homeloans4u@weareamerican.com