Once you decide it’s time to start looking for your first home, make an appointment with a Mortgage Loan Officer for a free prequalification. We’ll help figure out your price range and which loan program works best for you based on where you are at financially. We’ll talk about:
We’ll look at your credit report and determine your next best step. And if your credit isn’t where it needs to be, we’ll help you make a plan to improve it.
We’ll look at how much money you have coming in and how much is going out, plus any savings or debt, and show you the loan options that make the most sense for you.
You could make it happen with as little as 3% down. On the other hand, a greater down payment has advantages. Like paying less Private Mortgage Insurance (PMI), which reimburses us if you default on your loan. Some loan programs require PMI if the borrower has less than 20% equity in the home.