Build Your credit
A score somewhere in the 700s or 800s is ideal, but there are programs available for scores as low as 500. The higher the score, the easier it will be to get your loan approved.
Set a budget
Assuming you plan to put 20% down and have a few other monthly payments, a smart price range is about 3-5 times your
Get a pre-approval letter from your lender showing how much they anticipate putting towards the cost of your new home. The amount will be based on your documented income, assets, and debts.
Organize your Documents
Be prepared to show your pay stubs, bank statements, and tax returns in order to authenticate your identity.
Find the right loan ..for you
There are a lot of mortgage loan options available to you. Fixed rate loans have a guaranteed interest rate that won’t go up, while an adjustable rate may start lower but change down the line. Talk to us about which loan might be the best match for your financial situation.
Find your Home
Shop around to see what’s available in your price range. When you’re ready to make an offer, we can help you work with a real estate professional
to make sure you’re getting the best deal for the property.
Do Not Rock the Boat
Things like changing jobs, taking out a loan for a major purchase, or applying for a new credit card can all affect your borrower status and potentially endanger your home loan. It’s best to save these things for after you’ve bought your new home.
Sign on the dotted line, wait a few days for the funds to be processed, and then enjoy your awesome new space!
Most Important Step of All:
Make Sure You’re Working with the Right Lender. The #1 thing that you can do to improve your homebuying experience is work with a
proven mortgage lender that you can trust. We’re dedicated to providing an efficient and stress-free mortgage process with all of the option, answers, and expert guidance you’re going to need.
Reach your Financial Goals Faster
Homeownership could be closer than you think.
Our FHA loan programs are created just for buyers like you who are ready to take the next step in life.
With features like homeownership workshops and available down payment assistance, FHA loans are perfect for:
••Low-to-moderate income families
••Buyers looking for a low down payment
Contact us today to see how an FHA loan can put your goals within reach