The Financing Process

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Finance Your New Home

Academy Mortage Corp LogoWe’ve partnered with Academy Mortgage, a third party mortgage company to assist you in your financing needs. Both your New Home Consultant and Loan Officer will answer all your questions and guide you through the financing process.

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Disclaimer:
This is not an offer to lend. Rates, terms, and availability of programs are subject to change without notice You are not required to use Akel Homes’ Preferred Lender to purchase a home, or finance the purchase thereof, from Akel Homes. There are other mortgage companies that provide similar services and you are free to shop around to obtain the best service/mortgage rates available.

the loan process

  1. Initial Underwriting
    To facilitate loan underwriting, it is important that you submit all requested documents to the Mortgage Company. In underwriting, your income, assets and credit will be verified. This is the perfect time to speak with the Mortgage Company about different financing products such as rate locks.
  2. Loan Approval
    You must receive loan approval within 45 days of signing the Purchase Agreement. You may receive a “conditional” loan approval that has specific requirements such as selling your current home or paying off debt. These conditions will need to be satisfied prior to the closing of your new home.
  3.  Processing
    A Loan Processor will review the entire loan file and sends all pertinent information to an underwriter for approval. The preliminary title report and appraisal are ordered and verification of available funds and your employment takes place.
  4. Final Underwriting 
    Your Mortgage Company will review your credit and income to ensure that there are no changes in your financial condition since the initial loan approval. Underwriting will confirm that any conditions to your loan have been completely satisficed.
  5. Final Loan Approval
    During this final step, your Mortgage Company will deliver the final loan documents to the Closing Agent for your signature at the closing table.

 

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    Manley Family

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    Our Homeowners

    “We didn't want to live in a cookie cutter community where every house is the same. We like the diversity that Akel Homes' Villamar provided.  A new home in this community was right for us.”

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    Lebron Family

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    Our Homeowners

    “We moved from New York to Florida so our family could have a better life. Akel Homes took what was important to us and made it important to them.”

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    Smolen Family

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    Our Homeowners

    “Looking at past homes there was always something missing. The homes at Villamar had everything we wanted and was exactly what we were looking for. There is something for everyone here at Akel Homes' Villamar.”

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    Siperstein Family

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    Our Homeowners

    “There are may reasons why we chose Villamar. Location, floor plan, building quality, site plan, amenities, value for the price and top schools. We fell in love with the community and the staff certainly helped.”

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    Zimin Family

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    Our Homeowners

    “What a great experience with the whole team and management. Our first time buying a house for the construction. Great team of Akel Homes company, definitely showed us a very professional approach and work. Very satisfied with our new home !! Recommend everyone!!!”

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    Rego Family

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    Our Homeowners

    “The decor selection process was exciting. We put a fair amount of upgrades into the interior, and left ourselves enough things to do after move-in to make this home a project we will enjoy working on for years to come. We are very happy with the way it turned out, and we know that with our custom touches we will be living in our dream home.”

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