First Time Loans
How to Get the Recommended First Time Home Buyer Loan
Being a first time home buyer brings a lot of learning with it, including the questions of how to get the recommended first time home buyer loan you can. I want to help guide you through so that you understand the what, when, why, how and how much of the process so when you arrive at the closing table, each step was explained so you can make decisions for your future.
Here are some topics we discuss as you learn about the first time you buy a home.
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- Budgeting:
– How much do you need to save?
– Planning for your mortgage payment with your current expenses and future goals.
- Different loan programs which may be available to you.
- How to prepare your paperwork so you are ready to purchase.
- Talking through the kind of property you are looking at and how that impacts the loan structure.
- How does my credit score play into the loan and do I have any power to improve it?
- What does the buying process look like?
- How does the lender work together with the realtor?
These and many more questions come up and having the answers gives confidence in your decision-making and helps you gain success. There is no one size fits all solution for first time home buyer loans or mortgages, but having someone sit with you to review your personal scenario and goals while comparing with the many loan programs which provide opportunities for buying is empowering for the first time home buyer.
As you have read and hear of the many options, let me walk you through the options so you can have the information needed to make decisions for your first purchase.
Some of the options we can review together include:
- Washington State Housing Finance Commission (Bond) Loans.
- FHA Loans.
- Fannie Mae Home Ready.
- USDA
- Freddie Mac Home Possible Advantage.
Need more help? Contact us today for a free consultation.
Rhonda is an extremely professional and efficient agent, very pleasant and easy to business with. She communicates very efficiently so you are aware of the status of your project at all times.