First-Time Homebuyer Tips

Buying your first home is very exciting but it’s completely understandable if you experience some apprehension. When you’ve never been through the home-buying process, you’re not sure what to expect. That’s why we’re here.


We realize the loan process is something a majority of people only experience once or twice in a lifetime. Our loan professionals will answer any questions you may have and take all the guesswork out of the process, leaving you feeling sure you have the best loan option for your particular situation. There are a lot of moving parts to getting home financing but we’re here to guide you through the process from start to close.

top tips for first-time homebuyers.

  • How long do you plan on being in the home? If it’s for three to five years, find out if there are any planned projects (by the city or others) in the area that could positively or negatively affect the value of the property by the time you plan to sell.
  • Will the house need major repairs that you should plan for in the next couple of years (a new roof, HVAC unit, etc.)?
  • How close will you be to schools, shopping and activities that you do often? Unless you desire a lot of privacy, you may want to live within easy access to the grocery store, your child’s school and other services.
  • How is the traffic flow into and out of the neighborhood? You may not want to live on a street that has a lot of traffic on a daily basis.
  • What are the annual property taxes? Should you include those in your escrow account or pay them directly each year?
  • What are expected utility costs? You’ll want to take those into consideration for your monthly outgoing payments.
  • How long have the current owners been in the home? Why are they selling? If an inspection was done when they moved in, ask to see a list of repairs that had to be completed.
  • What are the sold prices for comparable homes in the area? This will give you an idea of what a reasonable price will be for the home you’re considering buying.

All loans begin with the prequalification process, so what are you waiting for?