Moving and Buying A Home


LET’S GET STARTED

Let’s Get Moving.

When you need to sell one home to buy another,
we can help you cross that bridge.

Moving and buying a home

Whether it is for work, family or retirement, our loan experts know the specific situations that can arise during a move. Financing when you are buying one home and selling another can get tricky. Our knowledgeable mortgage experts can help get you the loan you need quickly so you can focus on your new start.


Selling one home to buy another: Should your home sell first?

When you are selling an existing home to buy a new one, things don’t always go according to plan. What happens when you have found your new home, but your current one hasn’t sold yet? Where will your down payment come from?

Luckily, our team of problem solvers can help you explore alternative options to help you buy your new home, even if your current home is still on the market. Ask us if a bridge loan or home equity loan may be the answer you are looking for.


Specialty Programs to Consider

  • Connector.

    Keys on Time Guarantee

    Welcome to the 20-day Close with your offer backed by the purchasing power of a full loan approval. With our Keys on Time program, your offer will be the most attractive in a competitive market where we will work with you to get full underwriting loan approval to ensure your loan will close lightning fast, even if you have not yet identified the property. We are 100% committed to owning what it takes to get your loan funded on or before the close of escrow. If your loan does not close on time, we will credit you $895 in closing costs.* You can combine Keys on Time with our SecureLock program to have the security of a locked in interest rate even prior to making a purchase offer.

    • Over 90% of owner-occupied homes qualify
    • First-time and move-up homebuyers are eligible
    • Single-family, condos, investment, second-homes

  • Connector.

    Lock and List

    Gain peace of mind by locking in your interest rate while you are selling your current home and looking for another to protect against rising interest rates. Certain fees may apply.*

  • Connector.

    Dream Home Renovation

    Interested in buying a property in need of repair or renovation? Save time and money by financing the purchase with the cost of the repairs.



*Not available in Oregon. * The “Keys on Time” program is a limited guarantee that APMC will provide a credit to the borrower of $895 after the close of escrow if, due to some fault on the part of APMC, its originators or other APMC staff, a purchase transaction does not close until a date after the originally stated close of escrow date. The “Keys on Time” limited guarantee does not apply if the purchase transaction fails to close on or before the anticipated close of escrow date due to events/circumstances beyond APMC’s control, including but not limited to, delays caused by: an unacceptable or unexpectedly low appraisal value on the subject property, acts or omissions by the escrow or title company, second lien holder approvals, short sale approval, or loan conditions imposed by the lender that, despite reasonable diligence by APMC, are not met by any party in a timely manner. The “Keys on Time” limited guarantee trigger begins when the initial loan package is received by APMC’s Fulfillment center. The complete loan package must be received in the APMC Fulfillment center a minimum of 20 days prior to the COE date. Exclusions: The limited guarantee does not apply to the HARP program, reverse mortgages, FHA 203k, non-delegated jumbo products or any loans that require prior approval from an investor. The limited guarantee applies to purchase transactions only. All programs are subject to borrower and property qualifications. Rates, terms, and conditions are subject to change without notice.

The perfect home loan to reach your financial goals.




conventional mortgage



FHA



JUMBO LOANS



Interest Only




REVERSE MORTGAGE



USDA LOANS



VA MORTGAGE



The Loan Process



1. Get Pre-Approved


Your application will provide a complete picture to loan investors of your assets, debts and what you are buying. You will need to provide documentation, including a photo I.D., pay stubs, proof of income, tax returns, employment history, and information on all debts, assets, and sources for down payments. Don’t worry, we will let you know exactly what is needed for the loan application so you can be fully prepared.



2. Select Your Loan Program


Fixed rate? Adjustable? FHA? There is a perfect loan for your unique needs, and we can help you find it. Are you looking for the consistent rates and payments that a fixed rate loan can provide? Do you want the short-term benefits of lower rates that an adjustable rate loan can bring? Our extensive portfolio of loan options means you have more options available to get just what you need.



3. Loan Application


Your application will provide a complete picture to loan investors of your assets, debts and what you are buying. You will need to provide documentation, including a photo I.D., pay stubs, proof of income, tax returns, employment history, and information on all debts, assets, and sources for down payments. Don’t worry, we will let you know exactly what is needed for the loan application so you can be fully prepared.



4. Processing and Underwriting


Your loan has specific investor guidelines that must be met, and an underwriter will review your documents to be sure that you meet them. While an underwriter reviews your file, an appraisal will be ordered on the home. Additional information may be requested, so don’t panic if you have to turn in more documents. That’s just the underwriter working hard to get your final approval.



5. Loan Approval


Before your loan is approved, you will receive pre-approval and a list of closing conditions that need to be met. These conditions can include verification that your employer is current and proof that homeowner’s insurance has been obtained. Once closing conditions have been satisfied, the underwriter issues a clear to close. Congratulations, your loan has been approved!



6. Close the Loan


With an approved loan, you are on the home-stretch towards closing. The lender will send closing documents to a title company that draws up paperwork and arranges for signing of documents. Once the documents have been signed and funding conditions have been met, the title is recorded and the process is complete. You are a proud owner of your new home, and the keys are yours!


*Tips for Success


  • It is extremely important that you don’t make any major life changes immediately before or during the loan process.
  • Don’t quit your job, change jobs, or become self employed.
  • Don’t make any large purchases like a vehicle or furniture.
  • Don’t co-sign on any loans for someone else.
  • Don’t spend money that you have set assigned for down payment or closing costs.
  • Don’t make any changes to your credit like opening new cards, spending on cards, or even closing accounts without guidance from a professional.
  • Don’t panic! The loan process can seem daunting, particularly if it is your first time. We will help you understand what is needed and to get you to the finish line.