New Home Purchase

Purchasing a new home?

Congratulations on your decision to buy a new home! There are many important things to consider throughout the process, especially if you're a first-time homebuyer.

Shop around to see what is out in the market

Buying the first house you look at it is not necessarily a good idea and may cause regret. The average homebuyer looks at least 10 homes over an eight-week search before making an offer. While you don't need to visit every home in the neighborhood, it might be wise to compare at least a few homes before making a decision.

Check your credit

A homebuyer's credit score is among the most important factors when it comes to qualifying for a loan these days.  We help homebuyers in many different situations.  We can help you navigate through the process of understanding your credit and what that means for your mortgage.

Evaluate your cash flow and liabilities

Do you owe too much money? Are your payments are up to date? How do you spend your money? Do you have money left over at the end of the month or are you on a tight budget?

A first-time homebuyer should have a good idea of their cash flow and what is going out and what is coming in.  This is referred to as your "debt-to-income ratio".  This will influence the size of the loan you may qualify for.

Organize your financial documents

When applying for mortgages, homebuyers must document their income and taxes.

Typically, you will need two recent pay stubs, most recent two years' W-2s, tax returns and the past two months of bank statements including blank pages.

Estimate your down payment

Putting together a down payment for your home purchase can be difficult for many buyers.

There are programs that can assist buyers with qualifying incomes and situations.  We can work with you to find the right program for your particular situation.  

Let us put our experience to work to realize your dream of owning a home!