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First Time Homebuyers

Get Pre-Qualified Today & Shop with Confidence!

First Time Homebuyers

Get Pre-Qualified Today & Shop with Confidence!

Determine how much
you can afford.

For first time homebuyers, usually you want to aim for a house and loan with a monthly payment you can comfortably afford. Maybe you should aim a little lower, then upgrade to a bigger home when finances increase or as needs arise. So use a mortgage calculator to see what range will work for you NOW. Knowing what you can afford saves time and prevents frustration.

Determine how much
you can afford.

For first time homebuyers, usually you want to aim for a house and loan with a monthly payment you can comfortably afford. Maybe you should aim a little lower, then upgrade to a bigger home when finances increase or as needs arise. So use a mortgage calculator to see what range will work for you NOW. Knowing what you can afford saves time and prevents frustration.

Get pre-qualified for a home loan.

Get pre-qualified and don’t let your credit change for the worse. So speak with a mortgage professional, find out what you can afford, and go searching with your realtor based on actual knowledge. You’ll feel better about looking and will have more fun knowing that what you look at will all be options you can comfortably afford. For the pre-qualification process, the mortgage company will look into your income and expenses—all of them. But being pre-qualified makes your bid more competitive (proving you can back up your offer).

Get pre-qualified for
a home loan.

Get pre-qualified and don’t let your credit change for the worse. So speak with a mortgage professional, find out what you can afford, and go searching with your realtor based on actual knowledge. You’ll feel better about looking and will have more fun knowing that what you look at will all be options you can comfortably afford. For the pre-qualification process, the mortgage company will look into your income and expenses—all of them. But being pre-qualified makes your bid more competitive (proving you can back up your offer).

Investigate First-Time Home Buyer programs.

There are some terrific first-time homebuyer programs to help you get a loan without a hefty downpayment. Some programs have zero to low down payment options. Buying your first home when you can allows you to build up equity faster, especially if you are smart with your loan repayment plan. After you’ve been pre-qualified, we can get you in touch with an affiliated Realtor® who can assist you with finding your dream home.

You may be eligible for a loan that is guaranteed by the Department of Veterans Affairs or the U.S. Department of Agriculture, that doesn’t require a down payment. You may also qualify for another state program. Federal Housing Administration loans have a minimum down payment of 3.5%, and there are conventional loans available with as little as 3% down.

Investigate First-Time Home Buyer programs.

There are some terrific first-time homebuyer programs to help you get a loan without a hefty downpayment. Some programs have zero to low down payment options. Buying your first home when you can allows you to build up equity faster, especially if you are smart with your loan repayment plan. After you’ve been pre-qualified, we can get you in touch with an affiliated Realtor® who can assist you with finding your dream home.

You may be eligible for a loan that is guaranteed by the Department of Veterans Affairs or the U.S. Department of Agriculture, that doesn’t require a down payment. You may also qualify for another state program. Federal Housing Administration loans have a minimum down payment of 3.5%, and there are conventional loans available with as little as 3% down.

Learn about VA, FHA, USDA and Conventional loan programs.

VA loans are mortgages guaranteed by the U.S. Department of Veterans Affairs.People who have served in the military are who they are created for. They allow qualified home buyers to put zero percent down and get 100% financing. Borrowers pay a funding fee in lieu of mortgage insurance.

FHA loans have down payments as low as 3.5% and the Federal Housing Administration (FHA) has less stringent credit requirements. With an FHA loan, you carry mortgage insurance for the life of the mortgage (not just until you have 20% equity).

USDA loans are used for purchasing homes in rural areas. Qualified borrowers can put 0% down and get 100% financing. You pay a guarantee fee and an annual fee in lieu of mortgage insurance.

Conventional loans have first-time homebuyer programs as low as 3% down. This can be an ideal program for borrowers who can afford the monthly mortgage payments, but don’t have enough available funds for a great deal of up front expenses such as a large down payment, or substantial closing costs.

Learn about VA,
FHAUSDA and
Conventional
loan programs.

VA loans are mortgages guaranteed by the U.S. Department of Veterans Affairs.People who have served in the military are who they are created for. They allow qualified home buyers to put zero percent down and get 100% financing. Borrowers pay a funding fee in lieu of mortgage insurance.

FHA loans have down payments as low as 3.5% and the Federal Housing Administration (FHA) has less stringent credit requirements. With an FHA loan, you carry mortgage insurance for the life of the mortgage (not just until you have 20% equity).

USDA loans are used for purchasing homes in rural areas. Qualified borrowers can put 0% down and get 100% financing. You pay a guarantee fee and an annual fee in lieu of mortgage insurance.

Conventional loans have first-time homebuyer programs as low as 3% down. This can be an ideal program for borrowers who can afford the monthly mortgage payments, but don’t have enough available funds for a great deal of up front expenses such as a large down payment, or substantial closing costs.

Get Your FREE Loan Quote Now!

Get Your FREE
Loan Quote Now!

Whether you’re buying a new home, refinancing, looking for a cash-out, or just have questions about the process, our Elite Team of Mortgage Professionals will help you find the right mortgage solution!

Whether you’re buying a new home, refinancing, looking for a cash-out, or just have questions about the process, our Elite Team of Mortgage Professionals will help you find the right mortgage solution!

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