GRADUATES; NEXT STEPS

Now That You Have Finished The Class

 

                        Loan Officer

Talk to a loan officer and get pre-qualified for a loan.  A good place to start might be with the loan officer you met in class, since you are familiar with his/her programs.

 

 

 Call LCDC Office (843) 681-4484

Ask LCDC to start a file for you because you are getting ready to buy, and may need some down payment assistance.

 Lowcountry Community Development Corporation, Inc. (LCDC)  applies for that money on your behalf.

Let LCDC know your loan amount.

 

 

 Add Loan Amount

 Add your loan amount to the maximum amount of down payment assistance available in your particular circumstance, and subtract estimated closing costs (average $2,500).  Now you know the maximum home price you can consider.

 

Contact A Realtor

Contact a REALTOR and go shopping for a home. 

Be sure to let the REALTOR know your loan amount, the fact that you may be eligible for down payment assistance, and the suggested contingency clause wording (see handout from class).

 

 

            Call LCDC Office (843) 681-4484

When you find a suitable home, make an offer to purchase. 

Remember your contingency clause wording! 

Your closing date should be at least 90 days away from the date of the offer, to allow time to secure any necessary grant money.

 

 

Attorney's Paralegal

Communicate regularly with the attorney’s paralegal who will work on your closing, and find out how much of your own funds you will need to bring to the closing.

 You don’t want any surprises a few hours before you plan to drive to the attorney’s office for your closing.

UPDATE LCDC.  MOVE INTO NEW HOME.  GOOD LUCK!

 

 

 

 

 

 

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