Congratulations, You’re A Ready Buyer!

Congratulations, you’ve taken the first step towards purchasing a home!

Buying a home is an exciting milestone. AmeriSave shares in your excitement and genuinely looks forward to making this an experience you’ll remember fondly for years to come. Our knowledgeable Loan Originators will educate you on the types of loans available, guide you through the loan application process and make sure you understand the ins and outs of mortgages.

What to expect now that you’re a Ready Buyer

Knowledge is power! Your Ready Buyer approval comes with many benefits:

  • Your Ready Buyer approval lets you know how much we’re prepared to lend you for your home purchase
  • You have a rough estimate of your monthly payment
  • It’s a hot housing market and offers by pre-qualified buyers are taken more seriously
  • This should also allow your loan to close more quickly, another factor sellers take into consideration
  • Finally, AmeriSave will be here to support you throughout this awesome journey!

Keep in mind that while your Ready Buyer status is valid for 45 days, it’s easy to get it renewed.

Do’s and Don’ts During the Loan Approval Process

Once you’ve received a Ready Buyer Approval, it’s very important not to drastically alter your financial profile. Follow these helpful tips below for a smooth mortgage process.

Do:
  • Do call us with any questions!
  • Do stay current on your existing accounts.
  • Do keep all existing credit card accounts open.
  • Do retain income records, bank statements and all deposit records.
  • Do use your Loan Estimate (LE) to compare offers from other lenders.
Don’t:
  • Don’t apply for new credit of any kind.
  • Don’t max out or overcharge existing credit cards.
  • Don’t make any large purchases.
  • Don’t make any large undocumented deposits into any of your accounts.
  • Don’t modify the sales contract without speaking to us.

If you have any questions, call us now to speak with your licensed Loan Originator – 866.514.7283

Updating Your Ready Buyer Status

If you’ve found a home, update your pre-approval with a property address so we can get started on the next step, an appraisal.

We understand it may take some time to find the perfect home. Because certain documents like credit reports have to be re-reviewed after a period of time, your status is valid for 45 days. But don’t worry, it’s easy to renew your Ready Buyer approval with AmeriSave!

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