Before you even start shopping around for your new home, you should establish a relationship with a mortgage lender—a critical member of your homebuying team! There will be plenty of choices when financing your new home. Trophy Signature Homes wants you to know what to expect from your mortgage lender.

Experience with the construction process

Buying a new construction home is just as easy as choosing an existing one, but there are some differences that an experienced lender understands. You’re buying a home that doesn’t yet exist. Your lender will need to know the construction process in order to complete the correct documentation at various stages. Ask the lender how many loans they’ve closed for new construction homes.

Interest in your financial needs and lifestyle

Every buyer has their own unique situation. Where you are in your life is important to the home you decide to buy and the financing program that fits you. Your lender should take the time to understand your financial situation—income, resources, budget, goals, and other factors. 

There are so many loan programs available. A smart lender is both knowledgeable about the options and skilled in applying them to fit your needs, so that you end up with a mortgage that you can live with.

Attention to detail

A minor oversight or an error in a document can delay your closing or even derail the purchase altogether. When interviewing lenders, ask how long they typically require for pre-approval, appraisal, and closing. Discuss factors that could present a problem and how they handle those issues. Be clear on how they avoid last-minute requests and their process for staying on track with processing your loan.

Availability

This is a big one for homebuyers! You don’t operate on a 9-to-5 schedule when dealing with building or buying a home. Your lender shouldn’t either. Ask your prospective home lender if they accept calls on weekends and outside of regular business hours. 

It’s also helpful to find out how your lender likes to communicate: phone call, text message, or email. Bear in mind that YOU are the customer and they should be asking this of you!

Online resources

Does your lender have an online portal for homebuyers? This is a helpful tool for keeping an eye on your loan as it moves along. You can securely submit and review documentation online, ask questions, and maintain a record of communication. A lender who offices a buyer portal demonstrates they are committed to serving their customers and are also technically savvy.

Transparency

A reliable, professional mortgage lender is open about fees, timelines, and other factors that relate to your mortgage and the underwriting process. You should be advised up front of the fees involved in processing and closing on your mortgage (e.g., fees for application, credit report, appraisal, loan origination, points, title search, inspection). Also ask your lender about incentives, like closing cost credits, that can ease your out-of-pocket expenses.

We gladly work with any lender that our homebuyer chooses. Trophy Signature Homes also provides connections with those mortgage companies that have demonstrated specific expertise, service, and a quality experience. BHome Mortgage is a trusted partner for Trophy Signature Homes. They step up and deliver reliability, professionalism, and the personal attention that is absolutely a must-have for homebuyers.

When you’re looking for a new home in the DFW metro area—move-in ready, under construction, or to be built—please consider Trophy Signature Homes. We have new homes for sale in growing communities in desirable locations, like Frisco, Allen, Fairview, Royse City, Celina, and many more. Make plans now to take a look at where your future could be!