Congratulations on your decision to purchase a new home! There are many important factors to consider throughout the process, especially if you're a first-time homebuyer. Here's some suggestions to keep you on track and help you understand the purchase process better. If you have any questions, click on the Contact tab to have a representative contact you.

 

BORROWER'S CHECKLIST

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1. Figure out how much home you can afford

• Calculate your monthly income and debt.

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2. Apply for a mortgage loan with Blue Dolphin Capital

• Choose the type of mortgage program that works best for you.

• Complete the initial loan process requirements.

• Receive your loan commitment in a little as a few days!

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3. Find a realtor

• If you are not currently working with a realtor and need assistance, click on our "Partner" tab to request a real estate concierge today!

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4. Determine what you want and need in a home

• Choose a location.

• Choose a home type.

• Choose your price range.

• Choose a size for your property.

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5. When you find that perfect home that you can afford, have your realtor put in an offer

• Determine the purchase price.

• Define a move-in date.

• Once both parties agree to the terms, sign the Purchase and Sale Agreement.

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6. Finalize steps of the mortgage process

• The Lender will order your home appraisal.

• We will help you find a professional home inspector.

• Provide all required documents to complete the loan process with the lender.

• Do a walk-through inspection prior to closing.

• Set aside cash for the closing costs and down payment.

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7.  Closing​

• Close on your loan and get ready to move in!