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First-Time Home Buyer

First-Time Home Buyer Guide

Getting your first home is exciting, but it can be overwhelming. The professionals at Homestead Financial Mortgage are here to help. When you first start considering buying your first home, give us a call, and we can walk you through each step. Here is a short guide to help you know what’s ahead. Although there are several steps, they aren’t complicated. We make the home buying process easy and stress-free.

Set Your Budget

It’s best if you know how much you feel comfortable paying for housing. Generally, your total mortgage payment, including property taxes and homeowner’s insurance, should stay under 28% of your gross monthly income.

Choosing the Right Mortgage

Selecting the best home loan will depend on your credit score, down payment, and income. It only takes a few minutes for us to see what the best option for you could be. Feel free to call us — even during your lunch hour, nights, or weekends.

Get Pre-Qualified

After a quick conversation, we can help you fill out the application and give you a shortlist of documents we’ll need. We’ll pull your credit and give you a pre-qualification letter. Now you can start shopping.

Work with Your Real Estate Agent

With your pre-qual letter in hand, now comes the fun part — house shopping. During that time, you’ll most likely have lots of questions for us. We’re here to help you. Once you put in an offer, let us know, and we’ll get your loan processed and approved.

Dos and Don’ts

Here are a few things to keep in mind during this time. Don’t change jobs, rack up your credit cards, or apply for any credit, including vehicle loans. Doing that could ruin the deal. If you’re wondering if something is OK to do — Call us first!

Get Ready to Close

We’ll work with you and your real estate agent to schedule closing for you to sign the paperwork. Then, you’ll finally be proud homeowners.

Why Homestead?

Homestead is a top lender of mortgage loans for first-time home buyers. Your loan advisor can walk you through every step of the way to qualifying for a mortgage. Our rates are some of the lowest in the states we serve. Our loan advisors provide excellent service, as you can tell from our reviews. Plus, we close fast!