First Time Buyers

Where do you start?

Buying a home is the largest purchase most people will ever make. When you look for your first home, it can be overwhelming. Take some of the guesswork out of the process with a mortgage pre-approval. You'll strengthen your negotiating power before you find your dream home so you have more leverage with sellers. There are many different loan programs available that are tailored just for First Time Homebuyers.

Let a mortgage professional get you pre-approved for the mortgage that fits your needs. They do this by gathering information from you such as your income, credit and funds you have available for your purchase. This pre-approval costs you nothing and allows you to get valuable information to aid you in searching for your home, such as how much you can afford, what your monthly payments will be, and the amount necessary for your down payment. The information you provide is analyzed to find the best loan program for your specific needs. Your lender will then issue a "Pre-Approval Letter". After obtaining the pre-approval letter you can begin looking for your home with confidence. If you are not already working with a realtor, we recommend choosing a buyer's agent that will work for and represent you in your quest to find that perfect house. Once you find the house you wish to purchase, the realtor will negotiate an offer for you.

Do not make any major financial changes in the weeks or months leading up to buying your home. Any new debt could change the loan amount of the mortgage for which you qualify. A change in jobs, especially from a regular employee to self-employed, could change the type of loan for which you qualify. Discuss any changes you must make with a mortgage professional first. They may be able to advise you on the proper steps to take so that you can still become a homeowner.