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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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.
Firstly, getting qualified for your home loan can be a simple and easy process.
Next, pick an agent that is an expert in your local area and has customer reviews that show a track record of success.
It is important to note that the average homebuyer will tour 13 homes in search of their new home.
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.
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.
To confirm the value of the property your mortgage lender will want to verify. A professional valuation is an appraisal.
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Lastly, you will sign loan documents, wire a downpayment or closing costs and close on your first home!
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.
The U.S. Department of Housing and Urban Development (HUD) provides a broad definition that includes:
Use our mortgage calculator to find an affordable monthly payment.
Complete our quick 60-Second Buyer Power Approval to receive your pre-qualification letter today!
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.
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.
It’s important to understand timelines, appraisals, inspections, and what to expect when your loan is being underwritten.
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.