BUYER'S CHECKLIST

FULFILL YOUR LENDER'S LOAN REQUIREMENTS

  • Lock in rate and loan terms and understand the time limit before terms expire.

  • Satisfy all underwriter conditions including the timely return of all requested items and be prepared with tax returns, pay stubs, bank statements, employment history, etc.

  • Once your application has been submitted, do not make any large purchases or apply for any new loans or credit cards. Changes to your financial situation prior to closing could delay closing and put you at risk of failing the underwriting process.

FOLLOW UP WITH THE LENDER AND CLOSING ATTORNEY

  • Ensure there are no outstanding items necessary for closing that could cause a delay.

  • Review your loan estimate - Be prepared to bring appropriate funds for closing if necessary.

  • Review the funding policy to ensure proper funds are obtained for closing.

  • Confirm the closing package is being prepared by the lender and sent to the closing attorney.

  • Review your final Closing Disclosure.

  • Make final arrangements to obtain funds needed for closing.

HELPFUL TIPS

  • Arrange the transfer of house keys, gate keys, garage door openers, etc. with the seller or agent.

  • Be sure to update your mailing address with the USPS, family & friends as well as financial institutions and other bills.

  • Transfer utilities, cable/internet services, etc. in your name to avoid disruption of services.

CHOOSE HOMEOWNER’S INSURANCE PROVIDER

  • Upon selecting your provider, be sure to forward proof of coverage and invoice to the lender and closing attorney's office ASAP! 

  • Confirm with your agent or lender if a policy of flood insurance is required.

    • Although a flood policy may not be required, MJH strongly recommends obtaining one due to our geographical location on the coast

KNOW YOUR DEADLINES

  • When does your rate lock expire?

  • How long is your due diligence period for inspections?

  • When does the contract expire in the event there is a delay in closing?

Notify the closing attorney immediately if:

  • One or more of the buyers will not be attending the closing. Arrangements for a mail-out or Power of Attorney (POA) will need to be made in advance as POAs must be approved by the lender.

  • Your spouse is not on the loan, but you wish for them to be on the title of the property.

TWO WEEKS 
PRIOR TO CLOSING

PERFORM FINAL WALK THROUGH 

  • Ensure the property is in the same condition as it was when you went under contract.

  • Verify the completion of any repairs or items that were to be addressed during the inspection period.

WHAT TO BRING TO CLOSING

  • Two forms of identification

    • Credit or debit cards cannot be accepted.

    • One form of ID must have a photo

  • Certified funds or proof of wire confirmation

    • We suggest bringing a checkbook to closing in case of any last minute changes by your lender​

  • If an individual is signing as Power of Attorney, he or she must bring the original POA to closing