See All | Contract
Financial Education

Financial Tips

Link placeholder

Buying a Home In The Spring

young couple celebrating purchase of new home

Home shopping season is upon us! Spring is the most popular time of the year for buying and selling homes. With so many buyers in the market, you’ll want to make sure you stay competitive. Follow the tips below to help you land the home of your dreams.

Research & Preparation
If you are planning to move to a new area, it is a good idea to explore and talk to locals. Drive around in the neighborhoods you like most and use online tools to research the town and local real estate agents. Visit the neighborhood during different days and times to get a better understanding of traffic and lighting.

Finding a local real estate agent that is well versed with the neighborhoods you are looking in is extremely valuable. They will be able to tell you what the market is like, how fast the homes are selling, and information about the neighborhood. You can ask for a referral from a real estate network you’ve used in the past or ask friends from the area if they have an agent they could recommend.

Your Mortgage & Pre-Approval
Get in touch with a mortgage lender to figure out how much home you can afford. Our partner, Mortgage Center, offers a free pre-approval that will show sellers you’re serious.
Your pre-approval letter will show you the maximum loan amount you are approved for, but you’ll want to create a budget to figure out how much home you can afford. Don’t forget about expenses like utility bills that could increase depending on your home. Make sure you’re comfortable with a new monthly budget.

Make an Offer
Once you’ve found your dream home, the next step is to make an offer. Your real estate agent will put together a purchase agreement that outlines the specifics of your offer. The seller will have the opportunity to accept, decline or counter the offer. In the event that there are multiple offers, a flexible closing date and pre-approval letter can help your offer be chosen.

Equal Housing Lender Mortgage Center NMLS# 282701

Information as of February 2020.

Surcharge-Free ATMs

Enjoy the convenience of accessing more than 30,000 fee-free ATMs for deposits and withdrawals through the CO-OP Network.  Look for this symbol:

Co-op ATM network

Branch & ATMs

Find a Branch or ATM near you.

Click here

Make An Appointment

Contact Us

Call/Text Us: 800.837.4562

Email Us

LOC Credit Union facebook  LOC Federal Credit Union linkedin  LOC Federal Credit Union YouTube

Find Us Call/Text Us
Back to Top