Buy a Home

It’s Not Just the Key to Homeownership — It’s the Key to Your Future

Along with buying a car, investing, and saving for retirement, the most important financial decisions you'll make is when you buy a home. Homeownership can provide many great benefits.

Couple plays with daughter in living room of their newly purchased home.
  • Appreciation. A home is a long-term investment. Many homes increase in value as the debt attached to them decreases, and many types of improvements may add to the total value.
  • Ownership. When you buy a home, you’re investing in an asset over time — an asset you have a stake in. When your loan is paid off, you’ll own your home and will have built equity in it.
  • Home Equity. When you build home equity, you’ll also have an option to borrow against it to gain access to funds through refinancing or a home equity line of credit. This may give you added flexibility if you’re looking to consolidate debt, make home improvements, pay for college tuition, or supplement your retirement income.
  • Stability. Rent costs can change dramatically, but with a fixed rate mortgage, you’ll know what your payments will be throughout the life of the loan. This keeps payments consistent and stable.
  • Deductions. Mortgage interest and property taxes are usually tax deductible. Other aspects like points and application and appraisal fees may also be deductible. Consult a tax advisor for further information.

Homebuying Process


Meet with your Mortgage Lender

A pre-approval shows you’ve spoken to us, provided initial documentation, set your budget and considered the next steps. This can give you an advantage over other homebuyers in a competitive market.

How To Get Pre-Approved

When should you get pre-approved? How long does it take? Discover more with these FAQ's.

Get The Answers

Find a Home

Meet with your real estate agent to determine your wants and needs. Go in search of your perfect home 3 to 6 months before you intend to buy.

Your agent can help you be realistic about “perfect”:

  • Cosmetic fixes vs. structural issues
  • Quality of the schools
  • Proximity to major interstates and public transportation
  • Neighborhood crime rates
  • Property taxes

How To Find The Right Home

Explore the key steps and considerations to make on how to find the right home for you and your family.

Consider These Steps

Make an Offer

Once you’ve found your dream home, work with your agent to negotiate a price and schedule a home inspection.

Emphasis on “work with your agent”:

  • Your agent will know how much other homes are selling for in the neighborhood and will negotiate on your behalf for the fairest price.
  • The inspection will confirm there aren’t any hidden problems with the foundation, plumbing, heating, cooling and electrical systems.
  • If you want anything that’s not nailed down to be included in the sale, especially the appliances, it must be stated in the contract.

Apply for a Mortgage

Your application will provide us with any remaining financial information we’ll need and lock your interest rate until the closing date.

Required documentation:

  • Two most recent and complete tax returns
  • Two most recent W-2s
  • Two most recent pay stubs
  • Two most recent and complete bank statements
  • A copy of your photo ID
  • Self-employed borrowers may need to provide additional documentation

Underwriting & Appraisal

We’ll verify your application information, assess your credit and collateral, and order an appraisal to ensure you’re not overpaying.

The underwriting process:

  • An underwriter will complete an initial review within 48 hours.
  • If we require any additional information, also known as conditions, we will work with you to clear conditions within 2 days.
  • Your loan will return to an underwriter for final review and a clear to close (CTC).
  • The loan processor will inform all parties of the CTC and verify the closing date and time.

The Underwriting Process Explained

Get to know the mortgage underwriting process, from pre-underwriting documents needed to how long the process takes.

Learn The Process


Time to celebrate! After all of the paperwork is signed, you’ll receive the keys to your new home!

Arrive prepared:

  • Plan to review the final documents to confirm the rate and loan amount.
  • Bring a cashier’s check to cover the closing costs and down payment.
  • Bring your photo ID and possibly a Social Security card to confirm your identity.

Ready to Buy a Home? Get Started Today

There’s no time like right now to find out if you qualify. Getting pre-qualified for a mortgage is easy — there are only 5 questions that can be readily answered without documents or files. We’ll just need your contact information so that we can help you start the loan process. There’s no obligation, so get started now to learn how CrossCountry Mortgage can help you buy a home.

If you're unsure which loan is best for your situation, browse our selection of loan programs and reach out to a lender to start the process!

Or use our mortgage calculators today!

Ready To Take The Next Step?

Apply Now