When do i get a loan?

[Account Closed]

When do i get a loan? At clossing or before clossing or when?

[Jason Thomas]

Prior to closing. You want to make sure you are per-qualified prior to identifying a property unless you are paying in cash. It gives you an idea on whether you can get a loan and for how much

[Jordan Deeney]

Yes, it is best to get prequalified for a loan before shopping. You go to a lender, give them all the information they require, then they will inform you of the maximum amount they can lend you. Then, it is always wise to get a "pre-approval" letter from them to submit with your offer on a house. It gives you strength as a buyer when making an offer. Which is very important in this hot sellers market.

One you have an accepted offer, you then will begin to go through the process of acquiring a loan from your lender, which needs to be finalized before you can close and acquire the property you're purchasing 

Hope this helps!