Your Way Home

Lending Path can help you along the path of home ownership. From the first phone call to the closing table, we provide the information and support you need to find your way home.

1. Know Before You Go
You have questions, lots of them. How much can you afford? What will be your monthly payments? What about closing costs and money for a down payment? Talk to one of our experienced loan officers who can answer all your questions about the home buying process. There’s never any obligation and the consultation is free. Call us today at 803-765-9399 and let’s get started!

2. Get Preapproved
After speaking with us and finding your ideal loan program, the next step is to complete a loan application. You can do that via the online form or with your Lending Path loan officer. We will also need some preliminary documentation including your pay check stubs and bank statements. This information allows us to verify important parts of your application and review your credit report. We will then provide you with your official “pre-approval” letter stating that you have applied for a home loan. All you need now is to find a property!

3. Find a Real Estate Agent
Use an experienced real estate agent to help you find your new home. This agent, called a “buyer’s agent,” will help you locate the perfect home at the right price. A buyer’s agent is paid a commission by the seller of the property, so there is no cost to you. Your agent will not only help you find your dream home but will be with you every step of the way from making an offer to the closing table. If you do not know a professional real estate agent, that’s okay. We do! We work with agents every day and can provide you with several options.

4. Go Shopping
When you find a home, you and your real estate agent will put together an offer to present to the sellers. Once your offer is accepted, the wheels begin to turn faster. At this stage, you and your real estate agent will order a property inspection to determine if the property is in good shape. We will order your appraisal and obtain any additional documents that we need from you such as tax returns, signatures and loan disclosure forms. You are almost there!

5. Obtain Final Approval
Once your loan file is completed, it will be forwarded to the underwriter. The underwriter is the person responsible for making sure your loan meets all the required lending criteria. Sometimes the underwriter wants to see additional information, called loan conditions, before a final loan approval is issued. These conditions may be an updated paycheck stub or your most recent bank statement. Your loan will typically be approved within five business days.

6. Sit at the Closing Table
You’re approved! Your loan papers will be sent to the settlement agent who prepares the final HUD- 1. The HUD-1 is an itemized statement showing exactly how much money you will need to bring to your closing. You will have time to review this statement and the list of fees with us before you go to your closing. After the closing, you are a homeowner!

Call us at 803-765-9399 or fill out our preapproval form to get started today!