Purchase Information
Benefits of Owning a Home
There are many reasons for owning a home. Many families simply want to provide a home for their family. However, buying a home is a type of investment that can accumulate wealth over time, similar to stocks and bonds.
You may ask, “Is now the best time to buy?" Well, if you’re renting, then it is time to give some thought to investing in your future. Stop paying someone else's mortgage and start paying yourself. Below are some benefits of owning a home.
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Personalization: Personalize your property as you see fit.
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Inheritance: You own something tangible that can be left to your heirs.
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Power of Amortization & Appreciation: Making each mortgage payment and the property value increasing, provides long term wealth called equity.
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Tax deduction: Mortgage Interest, Property Tax & MI may be deductable. Consult with your tax advisor.
Conventional, Conventional High Balance, Jumbo, and Reverse Mortgage financing available in all states.
FHA, VA, and USDA available in the following states: AZ, CA, CO, FL, ID, IL, KS, MI, MN, NV, NJ, OH, OK, OR, PA, TX and WA.
Purchase Loan Process
STEP 1
Gather Financials & Get Pre-Approved
Send us your financial details, we'll calculate a customized loan estimate for you, and provide a pre-approval.
STEP 2
Find a Real Estate Agent & Search for Homes
If you don't have a real estate agent, our CMF Home Rewards* offers a 20% real estate commission rebate towards closing costs and outstanding service from a trusted, local real estate agent.
STEP 3
Choose a Home & Make an Offer
As soon as the seller accepts your offer, we'll collaborate with the settlement agent. Ask your real estate agent about ordering a home inspection.
STEP 4
Loan Review
We'll secure your mortgage interest rate, order the property appraisal, and send your information for review by our underwriters.
STEP 5
Conditional Loan Approval
Once our underwriters conditionally approve your loan, we'll get you ready for closing.
STEP 6
Close & Receive Your Funds
The Closing Disclosure will be sent for your review. Next, you'll sign loan closing documents. We will wire the funds to the settlement agent to enable you to finish your home purchase.
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