Required Documents for a Home Mortgage Loan in Hilton Head, SC

Finding a Low Country home you want to buy is easy! The mortgage paperwork is a different story! If you have a mortgage lender in mind, it is a good idea to start this process as soon as you know you want to buy a home on Hilton Head Island or Bluffton. If you don’t have a preferred lender, your Bluffton Realtor can recommend a local lender that they have worked with that they trust.

Your lender will check your credit report and determine an approximate loan approval amount for a basic pre-qualification letter within a day or so. A full loan approval, however, will require paperwork and documentation. Your home loan, as well as the amount of money you can borrow, are contingent on this important documentation, so it’s a good idea to start gathering this info now so you aren’t overwhelmed when your lender needs it.

These are some of the documents you will likely need for your home loan in SC:

Documents Needed to Verify Income

  • Pay stubs for the last 30 to 60 days
  • Tax Returns for the past 2 years

Documents Needed to Verify Assets

  • Most recent 2 months bank statements including all pages – even blank ones
  • Most recent retirement and investment statements

Credit Report

  • Your lender will run your credit report to determine your credit score for your mortgage approval

Home Sale Contingencies

  • A copy of your executed purchase contract

There may be additional forms and documentation required for your home loan approval in SC, which the Dufrene Group, your Realtor in Bluffton, can help you with.  Contact us today to get your Bluffton or Hilton Head Island home buying process started. We can connect you with a lender and email you a list of homes with your criteria so you can find your dream home on Hilton Head Island.

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Bluffton Realtor

These Beautiful Bluffton Homes for Sale Can Be Yours – Tips for Homebuyers in Bluffton, SC

House hunting in the beautiful SC Low Country is a nature and beach lover’s dream come true! When you are ready to look at the homes for sale in Bluffton, the team at the Dufrene Group can share their expertise in the Bluffton real estate housing market and help you find exactly what you’re looking for. Whether you are a first-time homebuyer or a current homeowner, our Bluffton Realtor can help you prepare for buying your home and offers these tips for homebuyers in Bluffton for a successful and fun homebuying experience.

Tips for Bluffton Homebuyers

Know Exactly How Much You Can Afford – What you want to spend and what you can actually afford
may be two different things. Your top priority in the homebuying process should be to get pre-qualified
for your mortgage. You will save so much time and effort if you know your mortgage budget, which
allows you to make a confident offer on the perfect home for you.

Make a Home Search Plan – The first step in finding the perfect home is to connect with a reputable
Realtor in Bluffton who will make the whole process a breeze. You will save money, time, and the
frustration of house hunting. An experienced Realtor can help you narrow down your search and keep
you informed of all the homes for sale in Bluffton and even take you on a tour of your favorites!

Be A Little Flexible – The fact is that most first time homebuyers do not typically end up purchasing their
home in the neighborhood or area of their original choice. Being a little bit flexible and expanding your
home search to include additional neighborhoods suggested by your Bluffton Realtor open a whole new
set of opportunities. Staying true to your requirements but being a little bit flexible can work wonders in
your Bluffton homes search.

Be Aware of the Community Costs for Homeowners – The Bluffton and Hilton Head Island, SC area is
home to many communities with a Homeowner’s Association (HOA). In addition to your mortgage
payment, many homes for sale in Bluffton incur other costs and fees associated with your Bluffton
home. Your Realtor in Bluffton can explain the HOA fees for each community which include any special
assessments, membership fees, etc.

Count on the Dufrene Group – Your Full-Service Real Estate Agency!!!!!!!
Working with an experienced and professional Bluffton Realtor is the best way to have a stress free
homebuying experience. We are here to take care of everything, so you don’t have to. We’d love to help you get pre-approved for your house purchase and show you the homes for sale in Bluffton.

Contact us today for no cost, no obligation information!

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Home Buying Stategies -Buying Home in Hilton Head SC

No matter if you’re in a buyer’s or seller’s market, there are a few critical steps you can take to make a smarter purchase. Since buying a home is likely the biggest single investment you will ever make, being prepared will help you make a better purchase. Here are our best tips to buying a home.

1. Know your Buying Power

First, understand the hidden costs of buying a home. You will need to save not only for the down payment of your home – which is typically between 10%-20% of the offer price – but also for any additional transaction fees, such as transfer tax, PMI, title insurance, and legal fees.

Second, you need to figure out what you can realistically afford each month to understand how much house you can buy. Your mortgage rate will depend on your creditworthiness – if you have a high credit score, your lender will likely approve you for a lower mortgage rate, which can save you thousands of dollars per year in interest.

2. Fix Your Credit

When you apply for your loan pre-approval, you don’t want to have anything to hide on your application. So don’t lower your credit score by doing anything that will originate more inquiries into your credit. For example, don’t open any new credit cards. Also, don’t omit any debts or loans when you apply. If the loan officer discovers them in the application process, they may deny you a pre-approval.

Don’t raise any red flags with your creditworthiness in the weeks before closing. Any one of these moves could mean that you’re denied the loan and the deal falls through – even if you’ve already been pre-approved!

3. Work with a Knowledgeable Buyer’s Agent

Do you understand what kind of market you are buying into? Even within a city’s limit, there can be micro markets that are increasing or decreasing in value.

That is why it’s important to hire a highly competent real estate agent who knows the specific market. You want to make sure that the professional who you’re working with really understands what the market is like and will help you find the home you desire.

Request a Buyer’s Market Analysisfor the desired area you are looking at. A buyer’s market analysis report outlines which neighborhoods are still up and coming – with potential for increased property value – versus those that have peaked with inflated home prices. Having this analysis at your fingertips will help you know if a home’s list price is above comparable properties so you don’t overpay for a home.

Looking for a home in the Hilton Head Island – Bluffton area? Let me help you find the home of your dreams. I am well versed in this real estate market, and can provide you with a buyer’s market analysis to help you find the right neighborhood for you. Contact Me today!

 

 

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Homes under 200K in Bluffton SC For Sale

Are you thinking about buying a Home in Bluffton SC?

If so, you are making a great move. Bluffton SC has so much to offer. There are still many homes for sale in Bluffton SC for under $200,000. Within the Beaufort County, zip code 29910, there are homes available in communities with an HOA and several properties with NO HOA. Bluffton SC is an absolutely wonderful place to live with a small town feel, yet many of the amenities of a much larger city.

Click here to view a full list of available homes in the Bluffton SC market under $200k.

When looking for a home it is important to pace yourself so you will find the perfect place. Finding and buying the right home is a highly personalized process, and it all begins by identifying your needs. The property you buy will be much more than a house; it will be your home.

Please contact me with any questions you have about real estate or Lifestyles in Bluffton SC. My goal is to take you through the home purchasing process, making it as efficient, stress-free and successful as possible.

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