A Look into The Home Buying Process

Buying a home is one of the most exciting—and complex—transactions of your life. At Caliber Home Loans, Inc., we’re dedicated to explaining each step of the process in detail to every single one of our borrowers. While there are some individuals who will have a different process due to individual circumstances, the typical home buying process includes about 15 steps:


  1. Submit loan application to the lender with any required documentation
  2. A pre-qualification may then be obtained from the lender
  3. Select a real estate agent- I hear that Deb Staats is awesome ;)
  4. Let’s go home shopping!
  5. I’ll negotiate the purchase price
  6. Contract is sent to the lender, who updates the application and requests updated documentation, if applicable from you, borrower.
  7. Home inspection
  8. Loan officer submits the file to processing at which time the appraisal, title, and tax
    certification are ordered and borrower provides insurance information
  9. File is submitted for Underwriting which may require additional documentation from the borrower to be resubmitted to Underwriting
  10. Final loan approval
  11. Closing documents sent to the title company
  12. HUD 1 Settlement Statement is given to borrower
  13. Required closing costs are established
  14. It’s time to close! Borrower brings a photo ID, signed closing documents and closing costs in the form of a cashier’s check or wired funds to the title company
  15. Funding – congratulations, you’re a homeowner!


We can transform the home financing process from a complex transaction to a straightforward, rewarding experience with a trusted professional. Contact us today to get started!