First Time Home Buyers

First Time Home Buyer Loan Programs

Buying your first home is exciting, but it can be confusing. There are lots of things to consider, including loan types, down payments, escrow lengths, and more. We’ve been working with first-time buyers for over 30 years, and understand their needs. We have a wide range of loan products to fit your unique situation, and with our friendly, experienced mortgage experts, you’ll get the advice you need to make an educated decision.

We’re always happy to answer questions, but here are the basic steps and a few tips to buying your first home. When you’re ready, give us call at 855-799-LOAN

 1. Get pre-approved before starting your house search

  •  Learn how much financing is available to you
  • Strengthen your bargaining position with sellers

2. Choose a real estate agent

  •  Select a reputable professional who knows the market and will listen to your needs
  • Ask potential agents for references from former clients

3. Start your search for the perfect home

  •  Talk about the neighborhoods you’d like to live in
  • Create a wish list of “must have” and “nice-to-live” features
  • Take notes of the pros and cons of each home you visit

4. Make an offer

  •  your real estate agent will put together an offer to present to the seller
  • The seller can accept, provide a counteroffer, or reject it
  • When the offer is accepted, you and the seller will sign a Purchase Agreement, defining the terms of the sale

5. Have the home inspected

  •  After your offer is accepted, hire a professional home inspector to provide an in-depth look at the basic systems of the house, reveal any safety hazards, and give you a chance to reconsider the deal

6. Get a home appraisal

  • An appraisal, required by your mortgage lender, is a formal, written estimate of the home’s current market value

7. Obtain title insurance (where applicable)

  •  Title insurance guarantees that the property you are purchasing is free of liens or confusion in rights of ownership
  • The policy insures against any losses to the property that result from defects in the title or deed

8. Close on the property

  • At close, the ownership of the property is transferred to you
  • A closing agent coordinates and distributes all the paperwork and funds

9. Celebrate!

  • You’re the proud owner of a new home!
Start Real Estate and Mortgage Career