Savvy Homebuyer

Your Guide to Savvy Homebuying

Be a Savvy Homebuyer ®

Find your dream home with expert guidance and personalized support

“We are dedicated to teaching people easy ways to become homeowners.”

Understanding 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.

Boost Your Home Buying Power

The only way to truly know your homebuying power is by getting pre-approved by a mortgage expert. It is crucial as it provides a clear understanding of your budget, allowing you to search for homes within your price range and saving you time and effort.

Finding the Best Home Loan

Compare home financing options:

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Boost Your Home Buying Power

To make house hunting easier, it’s helpful to create a list of your must-haves and nice-to-haves, work closely with your real estate agent, and take the time to thoroughly research neighborhoods and properties to find the perfect home that meets your needs and fits your budget.

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 have a professional examine the condition of major property systems. Learn more about Problems to Look For in Your Homes Condition.

Home Appraisal

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

Close and Move into Your First Home

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

First-Time Homebuyer Benefits

As a first-time buyer, you have access to federally backed loans, low down payment options, down payment 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.

First-Time Homebuyer Qualifications

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.

Common Questions from First-Time Homebuyers

“How much can I afford?”

Use our Savvy Mortgage Calculator to find an affordable monthly payment.

“How do I get a mortgage prequalification letter?”

Complete our quick 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 here.

“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 LoansThere are a number of things to consider when choosing the right loan for you.

“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.

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Buyer Power Approval™

Craft your custom homebuying plan!

Where are you at in the home buying process?
When do you plan to buy?
How will you use this home?
What type of home are you looking for?
Have you owned a home in the last 3 years?
Where are you looking to buy?
Do you already have a real estate agent?
Partner with an expert local Savvy Homebuyer® Real Estate Partner Agent and get a home loan with our Savvy Mortgage Partner. Would you like to be considered for this program?
Want to save additional money on your closing costs?
Great! Let’s add your agent's info to keep them up to date. We can update your agent up to date on key milestones like your appraisal status and closing to make the process run more smoothly. We won’t ever share private details like your bank statements or credit report.
Almost done... Your Buying Power Approval™ plan will include
A full overview of homebuyer grants & down payment assistance programs in your area. Credit improvement programs that may benefit you and a personalized homebuying plan.

Buyer Power Approval™

Get connected to a Savvy Homebuyer Agent
Our Savvy Homebuying agents have passed a rigorous professional vetting process to support you in your home purchase. When you use a Savvy Homebuying Agent you won’t have to worry about a rigorous interview process. We have already verified their sales record and confirmed their reviews. They are truly verified local experts.
Are you currently approved for a mortgage?
Have you ever served in the United States military?
In what state are you looking to become a homeowner?
Minimum Numbers of Bedrooms
Minimum Numbers of Bathrooms
When are you hoping to move?