Purchase a Home – Team Hamandi

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Buying a Home is Big, Make it Enjoyable

Buying a home is likely the single largest investment you will ever make. There’s a lot involved and having a mortgage professional to walk you through can make it an enjoyable experience. Jawad and his team take time to explain the buying process from beginning to end in a way that’s easy to understand. Their goal is to keep things simple, and save you money in the process. The right home loan can save you thousands of dollars in the long run. Based on your finances and goals he’ll find the best loan for you and get you pre-qualified so you can start shopping.

First Time Home Buyer Assistance

If you have never purchased a home before then you are eligible for special incentives given by lending institutions and also the U.S. Government. Your financial situation is unique, and will allow you specific savings. Jawad and his team will help discover all the savings and benefits available to you. Since you’re a first time buyer the amount of savings is usually the highest. They’ll work hard to save you the most possible.

Buying Investment Properties

Team Hamandi has the resources to help with your investment financing. With residential rents at all time highs and interest rates still at extreme lows it’s a great time to own rental properties. Jawad and his team can present you with competitive options or get you prequalified for your next investment.

We proudly serve home buyers in Virginia, Maryland, Washington DC, Delaware, Florida, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, and West Virginia.

How the Loan Process Works

Begin loan pre-approval process – Gather Required Documents
- W-2’s for all wage earners for the last 2 years
- Copies of the one months pay stubs for all wage earners
- Copy of Federal Tax Returns for the last 2 years (needed for self employed and investors only)
- Copies of 2 months checking bank statements
- Copies of the last 2 months savings bank statements (savings, 401(k), IRA’s, etc.)
- Copy of a valid driver’s license or government issued identification
Apply and Get Pre-Approved
- This process helps you determine the amount you can borrow. Sign and complete the loan application and disclosures. At this time, income and credit verifications are completed as well as checks on your assets and liabilities. During the loan approval process, it is important not to significantly change the status of any of your financial accounts.
Compare Loans and Rates
- Deciding on the loan amount and length of your loan period will help you determine if points and fees make sense. Do you plan to hold onto your property for an extended period? A fixed or a variable rate is one of many choices available to you. There are also several alternatives to points and fees. We can help you find the right loan program for you.
Lock your rate
- Work with us to lock in your rate. You may be required to submit additional documentation before the loan can be approved. Your loan application will go through the final approval process which includes verifying the information submitted on your application. It is important to postpone making any major purchases or changing the status of your financial accounts. Large deposits and withdrawals must be documented. If you make any significant changes in your application information, please let us know beforehand.
Close your Loan
- Review and sign loan documents. Check the documents carefully for the correct interest rate, loan amount, names and addresses. If you’re purchasing a property you may be required to bring a cashier’s check or to wire funds. Refinance loans on primary residences have a mandatory three-day rescission period.

Jawad Hamandi
Vice President & Branch Manager
NMLS ID # 391282

teamhamandi@icmtg.com

703-587-6059