About Buying

If you are a first-time home buyer or if you haven't purchased a home in a while, we are here to guide you throughout the process. Before you can buy a home, you will need to be prepared to produce the following information in order to secure financing:

  • What is your current income?
  • Are you employed?
  • Do you have a history of steady employment?

Down Payment

Your loan professional will ask you how much money you have available for a down payment. A down payment of 20% or more of the home purchase price demonstrates commitment to long-term home ownership and provides you with immediate equity in a new home. There are some 3.5% down payment programs as well including FHA, VA, and Homepath financing.

Credit History

Your loan professional will review your credit report to determine how timely your bills have been paid in the past. Your credit card debt, car payments, student loans, and other debt will be considered as well as your ability to pay taxes and other expenses of home ownership.

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