Your Smart Homebuyer Guide

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Your Guide to Smart Homebuying

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The Homebuying Process

Buying a home doesn’t have to be complicated, frustrating, and scary. Our streamlined process has educated, empowered, and helped thousands of people to achieve their dream of owning a home.

We Make Homebuying Easy

Getting Pre-Approved

Firstly, getting qualified for your home loan can be a simple and easy process.

Choose An Agent

Next, pick an agent that is an expert in your local area and has customer reviews that show a track record of success.

Find A Home

It is important to note that the average homebuyer will tour 13 homes in search of their new home.

Make An Offer

The offer sets the terms for the purchase contract. Once you and the seller are in agreement on the price and terms the contract period can start.

Home Inspection

During this time having a professional examine the condition of major property systems like electricity, plumbing, roofing, etc will save you from buying a money pit.

Home Appraisal

To confirm the value of the property your mortgage lender will want to verify. A professional valuation is an appraisal.

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Home smart homebuyers moving into their first house.

Close and Move into Your First Home

Lastly, you will sign loan documents, wire a downpayment or closing costs and close on your first home!

First-Time Homebuyer Guide

Benefits of Being a First-Time Homebuyer

As a first-time buyer, you have access to federally backed loans, low downpayment options, downpayment assistance, first-time homebuyer credits, and even tax breaks. The problem is that most first-time homebuyers don’t know about these options! You don’t need a 20% down payment, but you will need to be educated about the programs designed to make your goal of buying a home easier. Loans for first-time homebuyers.

Qualifications to Be A First-Time Homebuyer

The U.S. Department of Housing and Urban Development (HUD) provides a broad definition that includes:

  • An individual who has had no ownership in a principal residence during the 3-year period ending on the date of purchase of the property. This includes a spouse (if either meets the above test, they are considered first-time homebuyers).
  • A single parent who has only owned with a former spouse while married.
  • An individual who is a displaced homemaker and has only owned with a spouse.
  • An individual who has only owned a principal residence not permanently affixed to a permanent foundation in accordance with applicable regulations.
  • An individual who has only owned a property that was not in compliance with state, local or model building codes and which cannot be brought into compliance for less than the cost of constructing a permanent structure.

Questions from First-Time Homebuyers

How much can I afford?

Use our mortgage calculator to find an affordable monthly payment.

How do I get a mortgage prequalification letter?

Complete our quick 60-Second Buyer Power Approval to receive your pre-qualification letter today!

How much do I need to save for a downpayment?

Above all your downpayment depends on your personal financial situation, the home loans you have access to, and the area that you are looking to buy. Explore different home loan types and their downpayment requirements.

How do I find the right real estate agent near me?

It is not difficult to find a real estate agent but finding the right one? Here are things to consider when you interview an agent.

What happens when I get an offer accepted on a home?

It’s important to understand timelines, appraisals, inspections, and what to expect when your loan is being underwritten.

What types of mortgage loans are available to me as a first-time homebuyer?

First-Time Homebuyers have more lending options than most, including FHA, VA, Conventional, USDA, and Jumbo Loans. There are a number of things to consider when choosing the right loan for you.

Expert Advice for Aspiring Homebuyers

First-Time Homebuyers Tips

Buying a home is one of the biggest purchases of your life, which can be somewhat overwhelming. Over the last 5 years we have helped…

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Savvy Homebuyer