Resources to Help You Get Started
SAVING FOR A DOWN PAYMENT
The biggest financial hurdle you face when buying home can be gathering enough cash for the down payment. Learn more about how much you need and where you can source those funds.
BUILD A HOMEBUYING TEAM
Buying a home can be complex. It is probably one of the most significant purchases you will make. So it's a good idea to assemble a team to guide you through the process.
HOW MUCH CAN YOU AFFORD?
Learning how much you can afford is a great place to start your home-buying journey. This helpful calculator will take all underwriting factors into consideration.
Specialized Loans First Time Homebuyers
FHA, USDA & VA LOANS
These are government loans backed by the Federal Housing Administration and the US Department of Veteran Affairs. They offer lower down payment options with more flexible credit and income guidelines. An Independent Financial loan officer can walk your through the options to determine which one is best for you.
Our ITIN Loan is a unique kind of loan for individuals who may not have the traditional documentation needed to obtain a mortgage loan. This is a great alternative solution to home ownership.
Programs vary. Speak with a mortgage lender for details. Loans subject to credit approval.
FAQs for First Time Homebuyers
Below are some helpful frequently asked questions when buying your first home.
What is debt-to-income ratio?
What is escrow?
What are points?
Points (sometimes referred to as discount points or mortgage points) are paid to the lender, usually at mortgage closing, in order to lower the interest rate. One point equals one percent of the loan amount. For example, 2 points on a $100,000 mortgage equals $2,000.
What is Private Mortgage Insurance (PMI)?