Find Out How to Afford Your Purchase as a First-Time Home Buyer

Discover all the loan options available to make your first home dreams come true!

 

Make Your First Home Your Best Decision Ever

We work hard to ensure all our buyers are educated and informed about their options, especially our First-Time-Home Buyers.

 
 
 

We Can Offer Multiple Loan Options

Banks can only offer their institution’s loan options. So, why limit yourself to only a handful of choices? Give yourself a better chance to find a lender and mortgage option that is right for you.

How Does This Improve Your Loan?

Homeowners win when you are able to shop lenders and home loans. Every loan has unique qualities, and as your mortgage brokers, it is our job to find a loan that fits you and your needs. Give yourself access to the best mortgage rates and mortgage products available for your situation.

Take Advantage of Rate Shopping

As a broker, we work for you and not the lenders. We aren’t tethered to one path to approval. With so many mortgage options at our fingertips, we are committed to finding the best deal for you!

 
 
 

What You Need to Know About Buying Your First Home

​According to some statistics, a majority of renters who want to buy a home don’t move forward because they’re afraid they don’t qualify! But there are plenty of programs that make it viable for lots of people—even those with poor credit—to qualify.

For many first-time home buyers, the main issue is coming up with the down payment. Many of those who would otherwise buy a home feel they would move their purchase timeline forward if they could make the down payment.

With some first-time home buyers’ terms, it’s possible to pay with a relatively small down payment, much smaller than the usually-expected 20%.

Home sales are as hot as ever, with available homes sometimes going off the market in as little as three weeks in some areas—or even less.

Find favorable terms. When you approach it the right way, your first home purchase can be a door to great terms that help you with your monthly budget.

 
 

First Time Home Buyer FAQs

 

  • Because there are plenty of options for lowering your down payment! For example, the FHA loan program, which includes loans insured by the Federal Housing Administration, is great for people with low credit scores and not a lot saved for a down payment. That isn’t to say that you shouldn’t save for a down payment—but remain open to all of the options available.

  • Pre-approval for a first-time home buyer can be a major step in the process, and it’s easier than you think. A pre-approval is essentially a (conditional) promise from a lender that they can offer you the mortgage terms you need to make an offer on a house. This requires an application process that’s much simpler than you might imagine—and great for first-time home buyers who want to shop around and demonstrate to a seller that they’re serious about their offer.

  • If you go through the application process and make sure that your payment is in line with what you can fit within your budget (the typical recommendation is a mortgage that takes up no more than 25-33% of your household budget), then you’ll find it’s possible to afford your first home—and the process may be much simpler than you imagined

  • In addition to the FHA loan program as mentioned in the previous answer, you should also look at your qualification for: the VA loan program, the USDA loan program, and even the Good Neighbor Next Door buyer aid program.

  • Simple. Click any of our buttons above and find out if your first time home purchase can be as easy as we say it is here. Don’t worry about a low credit score, either—you’ll find that there are plenty of programs out there that can help.