So you’re looking to purchase your first home, what now?

First Time Home Buyer

How Do I Know if I Qualify for My First Home?

As a rule of thumb, it may be harder to qualify for fixed-rate loans than for adjustable rate loans. When interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run, because you can lock in the rate for the life of your loan.

“The Ultimate Guide for First-Time Homebuyers: From Dream to Key in the Door”


Becoming a first-time homebuyer is a thrilling and transformative experience, marking a significant milestone in your life. However, navigating the complexities of the real estate market and the homebuying process can be overwhelming. Fear not, as this comprehensive guide is designed to walk you through the essential steps, empowering you to make informed decisions and turn your homeownership dreams into a reality.

Understanding Your Finances:

  1. Establish a Realistic Budget:
    • Evaluate your financial situation and determine how much you can comfortably afford.
    • Consider your monthly income, existing debts, and potential future expenses.
  2. Save for a Down Payment:
    • Start saving for a down payment, aiming for at least 3-5% of the home’s purchase price.
    • Explore down payment assistance programs and grants that may be available to first-time homebuyers.
  3. Check Your Credit Score:
    • Obtain a copy of your credit report and address any issues.
    • A higher credit score often translates to better mortgage terms, so strive to improve it if necessary.

Navigating the Homebuying Process:

  1. Get Pre-Approved:
    • Obtain a pre-approval from a mortgage lender to understand your borrowing capacity.
    • A pre-approval letter strengthens your position in negotiations and signals to sellers that you are a serious buyer.
  2. Define Your Needs and Wants:
    • Identify your must-haves and preferences in a home.
    • Consider factors like location, size, amenities, and proximity to schools and workplaces.
  3. Work with a Real Estate Agent:
    • Engage the services of a reputable real estate agent with experience in helping first-time buyers.
    • A knowledgeable agent can guide you through the process, provide valuable insights, and help you find the right property.
  4. Attend Open Houses:
    • Visit open houses to get a feel for different neighborhoods and home styles.
    • Take notes and ask questions to gain a better understanding of the local real estate market.

Making an Informed Purchase:

  1. Conduct Home Inspections:
    • Invest in professional home inspections to identify any potential issues with the property.
    • Use inspection reports to negotiate repairs or adjust your offer accordingly.
  2. Understand Mortgage Options:
    • Explore various mortgage options, including fixed-rate and adjustable-rate mortgages.
    • Choose a mortgage that aligns with your financial goals and preferences.
  3. Factor in Additional Costs:
    • Consider closing costs, property taxes, homeowner’s insurance, and maintenance costs in your budget.
    • Be prepared for additional expenses beyond the purchase price.

Closing the Deal:

  1. Review Closing Documents:
    • Thoroughly review all closing documents with your real estate agent.
    • Seek clarification on any terms or conditions you find confusing.
  2. Plan for Moving Day:
    • Coordinate logistics for moving day, including hiring movers and transferring utilities.
    • Celebrate the achievement of your homeownership goals.


Becoming a first-time homebuyer is an exciting journey filled with discovery and achievement. By understanding your finances, navigating the homebuying process with diligence, and making informed decisions, you can confidently embark on this adventure. Remember, you’re not alone—lean on the expertise of professionals and savor the anticipation as you approach the moment when you’ll turn the key in the door of your very own home.

Rather call us?  1-877-533-2784 and ask to speak with one of our licensed loan officers!

Our Mortgage Process is Quick & Painless to Make your first time purchasing a home a pleasant one. 

Fixed-rate mortgage rates has a constant interest rate and monthly payments that never change. This may be a good choice if you plan to stay in your home for seven years or longer. If you plan to move within seven years, then stable-rate loans are usually cheaper.

We’re here to make the home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE 30-Year Fixed Rate Mortgage Qualifier.

We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you – whether you’re a first-time home buyer or a seasoned investor.

First Time Home Buyer Programs?

Here’s how our home loan process works:

  • Complete our simple 30-Year Fixed Rate Mortgage Qualifier
  • Receive options based on your unique criteria and scenario
  • Compare mortgage interest rates and terms
  • Choose the offer that best fits your needs
  • We realize that purchasing your first home is stressful, we can ease that stress.
  • First Time Home Buyer Programs

  • 30 Year Fixed Rates

  • Jumbo & Super Jumbo Loans

  • FHA, VA, Government Loans

  • Terms from 5 to 30 Years