Your first home, explained first.
Several programs are built for a first purchase. A loan officer walks you through what each one asks of you and what it gives back, in plain language.
Several programs are built for a first purchase. A loan officer walks you through what each one asks of you and what it gives back, in plain language.
A set of loan programs and assistance options that lower the hurdle to a first purchase. Which one fits depends on your savings, credit and the home.
Getting into a first home sooner, with a smaller amount down than you might expect and help with closing costs where it exists.
A smaller down payment can mean mortgage insurance and a higher monthly payment. Your loan officer shows you both sides before you choose.
Where you are looking, roughly what you have saved and where your credit sits. Estimates are fine.
Conventional, FHA, VA where it applies, and any assistance you qualify for, with the costs of each said out loud.
Pre-approval, an offer, underwriting and closing. Support continues after you have the keys.
You have not owned a home in the last few years, which opens several programs.
You have some money set aside but not a large down payment.
Your income is regular, even if your credit history is short.
You expect to be in the home for more than a couple of years.
If you have owned before, most of these programs still apply after a few years out of ownership. Your loan officer checks.
Less than many people assume. Some programs allow a small percentage down, and assistance programs can cover part of it. Your loan officer gives you the figure for your situation.
No. Programs vary in what they ask, and a loan officer can tell you where you stand and what would help before you apply.
A review of your income, savings and credit that tells you what you can borrow. Sellers take an offer more seriously with one attached.
Fees for the appraisal, title, lender and government recording that are paid at closing. They are itemized for you in advance.
Most purchases close within several weeks of an accepted offer. Your loan officer gives you a realistic timeline for your loan.
Tell us what you have saved and where you are looking. A loan officer compares the programs you qualify for before anything is offered. Pre-qualifying will not affect your credit score.
Pre-qualify as a first-time buyer
