First Time Home Buyer

To get the full 10 Step Guide on how to purchase your first home, CLICK HERE!

 

The first step is to get pre-approved for a loan. 

 

Your realtor can connect you with a quality lender in your area. The loan officer will need your most recent tax returns, pay stubs, and bank statements. He will also run a credit check and then pre-approve you for a loan up to a certain dollar amount.


 
Getting pre-approved is important for two reasons: first, it lets you know how much home you can afford. Second, it lets sellers know that you are serious, and can afford to buy their home.
 


Note: Home loans require a down payment, which means you need to have some cash saved up. The least amount down would be 3.5% with an FHA loan. You will also need cash at closing to pay for closing costs (such as an appraisal, title company fees and insurance, etc).
 

 

To get the full 10 Step Guide on how to purchase your first home, CLICK HERE!

 

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