What you can you afford and how much can you borrow?

The first step in the home buying process as stated in our What to Expect section is to find out how much you can borrow and therefore how much house you can afford. Obtaining a mortgage loan is the most common way of purchasing a home.

One of our experienced mortgage counselors will review your finances and explain the various mortgage options that fit your specific situation and budget. Once your credit history is verified, you'll be given a letter stating that you have been pre-approved for a specific amount of money.

After you’ve made a design on the home you’d like to purchase, your mortgage partner will assemble the required mortgage loan paperwork, order an appraisal of the Lacrosse property you’re purchasing and proceed with a more in-depth review of your current financial picture. A mortgage processor will forward this information to the bank's underwriter for final approval of the loan. Once the loan has been underwritten, the closing date is set and you meet at Lacrosse Homes’ title company to sign paperwork and transfer ownership of the property.