Steps to take after your offer is accepted

Here’s how to make sure your path to homeownership goes as smoothly as possible.

1. Pay your earnest money deposit.

Earnest money is a show of good faith to the seller that you’ll follow through with your new home purchase. You’ll make a payment (usually between 1-3% of the sale price) that can be applied to your closing costs or down payments.

2. Get a home appraisal.

If needed, U.S. Bank may schedule a home appraisal to determine the value of the home you are purchasing.

3. Schedule your home inspections.

It’s best to schedule your various inspections as soon as possible. That way, you have more time to negotiate if the inspectors find any issues.

4. Buy homeowners insurance.

You’ll need to provide proof of homeowners insurance prior to loan approval. Work with an agent to determine how much and what you’ll need to cover with your policy.

5. Schedule a walk-through.

Before it’s time to sign, do a final walk-through of the home with your real estate agent so any “surprise” issues can be caught and resolved quickly.

6. Prepare for closing.

We can help you determine how much money you will need to cover any applicable closing costs by providing you an estimated closing cost worksheet.