562 Lynnhaven Pkwy

Virginia Beach, VA 23452

(757) 300-6899

Teall Haycock
Licensed Mortgage Loan Officer

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Use the FairwayNOW app to get pre-qualified for your new home!

Fairway Independent
Mortgage CorporationA roadmap to help you plan

From here to homeowner

Use this worksheet as a guide to help you visualize your journey towards owning a home. Everyone’s process is different. Yours could take a short time or a long time, depending on your goals, constraints, personal style, and the market in your area. Having a plan will help you achieve your goals, even if you don’t end up following it exactly.

#1

  • Goal date: __________

If you haven’t already, check your credit right away. This gives you time to correct errors or strengthen your scores.

#2

  • Goal date: __________

Decide how much you want to spend on a home. Only you can determine how much you can afford to pay each month and upfront for your down payment and closing costs.

#3

  • Goal date: __________

Discover your mortgage options. Mortgages are complex, and there are lots of possibilities. Explore loan terms, types and interest rate types, talk to lenders, and ask questions.

#4

  • Goal date: __________

Get a prequalification or preapproval letter. A preapproval letter helps you show sellers that you are a serious buyer – but it doesn’t commit you to a lender.

#5

  • Goal date: __________

Find the right home and make an offer. Your first offer may not be accepted by the seller. That’s ok. Keep looking until you find your home.

#6

  • Goal date: __________

Compare loan offers. Get Loan Estimates from at least three different lenders and compare them to find the best deal.

#7

  • Goal date: __________

Choose the loan offer that’s right for you. Let your lender know you are ready to proceed. Submit your documents and get ready to close.

#8

  • Goal date: __________

Shop for your closing services. Your Loan Estimate has a section called “Services you can shop for.” Shopping around for these services can save you money.

#9

  • Goal date: __________

Close on your new home. Review your closing documents in advance to make sure there are no errors and everything matches your expectations.
This roadmap highlights key milestones, but there are many more steps to the process.
Use this sheet to take notes as you move through each milestone. Having a plan will help you achieve your goals, even if you don’t end up following it exactly.

#1

If you haven’t already, check your credit right away.

#2

Decide how much you want to spend on a home.

#3

Discover your mortgage options.

#4

Get a prequalification or preapproval letter.

#5

Find the right home and make an offer.

#6

Compare loan offers.

#7

Choose the loan offer that’s right for you.

#8

Shop for your closing services.

#9

Close on your new home.

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