Begin by assessing your financial situation, including your credit score, income, and debt. Determine how much you can comfortably afford as a down payment and monthly mortgage payment.

Get pre-qualified for a home loan. This involves providing basic financial information and supporting documentation to your loan officer who will estimate the loan program you may qualify for. It’s a crucial step in understanding your home purchase budget.

Partner with a knowledgeable real estate agent who specializes in the Nevada market. They can help you find properties within your budget and guide you through the home buying process.

Begin your home search with your real estate agent. Explore neighborhoods in Nevada, considering factors like proximity to amenities, schools, and your workplace. Work with your loan officer to obtain payment estimates for listings you are interested in.

Once you find a home you love, work with your real estate agent to prepare a competitive offer. Your offer may include the purchase price, desired closing date, and any contingencies. Your loan officer will coordinate with your realtor, verify the subject property is eligible for the home loan you have been pre-qualified for, and will provide a Pre-Qualification letter to satisfy the terms of the standard Nevada purchase contract. Your realtor will open escrow with your selected escrow officer, and you will be asked to complete the necessary escrow & title paperwork.

After your offer is accepted, you will complete the steps to formally apply for your home loan. You loan officer will walk you through any additional necessary documentation or information, and will submit your loan application to underwriting.

Your loan officer will coordinate with the listing agent to arrange for a home appraisal to ensure the property’s value aligns with the loan amount. Simultaneously, you will conduct a home inspection to identify any potential issues. Nevada state purchase contracts accommodate a contingency period to complete and review your home inspection report. You will work with your real estate agent for any questions surrounding your home inspection.

The underwriter reviews your application, credit history, and property information and all supporting documentation. This step ensures that all necessary criteria are met for loan approval. The underwriter will provide an approval that may request for additional information. Your loan officer will supply a Conditional Loan Approval letter to the realtors to satisfy the required terms of the purchase contract, and will work with you to prepare any items needed for clearing any underwriting conditions, and to obtain Final Loan Approval.

Once the Final Loan Approval is received from underwriting, your loan officer will guide you through the next sets of disclosures, and your closing team will work with your realtor and escrow to setup the final document signing and closing. You will sign the final loan and title documents with a notary, this may be at your escrow officer’s office, or with a mobile notary at a location convenient for you.

Congratulations! After closing, you’ll receive the keys to your new home. Take the time to move in and settle into your new life in Nevada.