First Time Home Buyer?
Your housewarming party is just around the corner.
What’s the first step to take when buying your first home?
Many different answers exist: call your Mom’s realtor, seek a referral from a friend, find a home online with Zillow, call the listing agent for a home in your neighborhood, and a host of many other answers. Truth be told, there’s no one right answer.
However you go about starting your search, know what you can afford and get Pre-Qualifed first!
Know what you can afford before you preview property. Educate yourself first, so you can make an informed decision. Most often, the real estate agents usually get the first chance to speak with a buyer. Why? Because they have marketed the property (online and in-person) and have access to the home itself. Unfortunately, this common approach leaves many questions that need to be answered: Can you even afford this price range? How much of a down payment is needed? What are the closing costs? Will the seller pay for the closing costs? What’ll be my total payment after the down is applied?
Down Payment Assistance (DPA)
These innovative programs are tailored for homeowners who maintain steady employment and possess good credit but may not have the necessary funds for a down payment. We partner with programs that provide assistance in securing these crucial down payment funds. It's important to remember that various factors, such as minimum credit scores, income thresholds, and property price limits, play a significant role in determining your eligibility for these loans.
