First Time Home Buyers

Buying your first home is exciting, but it can be confusing. There are lots of things to consider, including loan types, down payments, escrow lengths, and more. We’ve been working with first-time buyers for over 30 years, and understand their needs. We have a wide range of loan products to fit your unique situation, and with our friendly, experienced mortgage experts, you’ll get the advice you need to make an educated decision. We’re always happy to answer questions, but here are the basic steps and a few tips to buying your first home. When you’re ready, give us call at 800-974-4434.

Four Questions to Ask Before Choosing a Mortgage or Buying a Home

These four questions can help you make smarter mortgage and housing choices:

Why is it better to buy a home right now vs. renting a home? Buying a home usually requires more upfront capital, more ongoing expenses and a longer-term commitment. Make sure to run the numbers with a professional to evaluate whether you’d be better off buying vs. renting.

How can I make sure this fits into my short-term and long-term budget? Make sure to compare your options when it comes to:

  • Choosing a down payment amount and strategy
  • Choosing a monthly payment scenario
  • Choosing a price range for your new home

How will this financial decision impact other areas of my life? Make sure to think through how your cash flow situation will impact:

  • Children’s college funding
  • Retirement planning
  • Taking care of elderly parents
  • Other large financial purchases or commitments

What mortgage and home buying strategy will result in less overall financial risk? The mortgage is most likely going to be your single-largest debt, and your home is most likely going to be your single largest investment. That’s why it’s important to evaluate and compare your options with a mortgage professional.