Buying Your First Home Doesn't Have to Feel Overwhelming
Homeownership is one of life's biggest decisions. We break down the process, explain your options, and support you at every stage so you feel informed and confident.
The Home Buying Journey
Here's what to expect from start to finish. Each step builds on the last, and we're with you all the way.
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Get Ready
Before you start looking, understand what you can afford. We help you explore loan options, explain down payments and closing costs, and show you what monthly payments might look like. This groundwork makes the rest of the process clearer.
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Find and Make an Offer
Once you know your budget, you can search confidently. When you find a home you love, we explain the offer process and help ensure your financing is in order so your offer is strong.
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Close on Your Home
After your offer is accepted, we handle appraisal, underwriting, and final approval. We guide you through the closing appointment where you sign documents and receive the keys to your new home.
Before You Start
What You Should Know About Getting a Mortgage
A mortgage is a loan secured by the property itself. You make monthly payments of principal and interest over a set period, usually 15 to 30 years. The interest rate you receive depends on factors like your credit score, income, debt level, and how much you're putting down.
Down payment: Most first-time buyers put down between 3 and 20 percent of the home's purchase price. A larger down payment means a smaller loan and potentially better terms, but we can discuss what makes sense for your situation.
Closing costs: Beyond your down payment, you'll pay for appraisal, title services, inspections, taxes, and insurance. These typically range from 2 to 5 percent of the purchase price. We provide a detailed estimate early so you can plan.
Loan types: Conventional loans, FHA loans, and VA loans each have different requirements and benefits. First-time buyers often qualify for programs with more flexible terms. We explain which might be the best fit for you.
Pre-approval: Getting pre-approved for a loan shows sellers you're serious and helps you know your budget before you start house hunting. It's an important early step.
Take your time learning about these concepts. The more you understand, the more confident you'll feel making decisions.
First-Time Buyer Calculator
Explore how different purchase prices, down payments, and loan terms affect your monthly payment. Use this to get a sense of what you might afford, then we'll provide precise numbers based on your full financial picture.
Calculator results are estimates provided for illustrative purposes only and may not reflect actual loan terms. This is not a commitment to lend, a preapproval, or an offer of credit. Actual rates, payments, and costs depend on credit approval, satisfactory appraisal, and underwriting guidelines. Consult a licensed loan officer for details.
Common Questions from First-Time Buyers
We've answered these questions for hundreds of homebuyers. If yours isn't here, reach out and we'll walk you through it.
How much do I need to save for a down payment?
Down payment requirements vary by loan type. Conventional loans often require 5 to 20 percent down, while some first-time buyer programs allow as little as 3 percent. The amount you put down affects your monthly payment and whether you'll need to pay mortgage insurance. We help you find a balance between what you can save now and what works for your budget.
What's the difference between pre-qualification and pre-approval?
Pre-qualification is a quick estimate based on information you provide. Pre-approval involves a formal application and verification of your income, assets, and credit. Pre-approval shows sellers you're a serious buyer and gives you a clear picture of what you can afford. We recommend getting pre-approved before you start house hunting.
What credit score do I need?
Different loan programs have different credit requirements. Many first-time buyer programs work with borrowers across a range of credit profiles. We review your full financial picture, not just one number. If your credit needs work, we can discuss steps to improve it before you apply.