Buying your first home? The process can seem overwhelming. In fact, it's probably the biggest purchase of your life, but when you have Richard Thobe of Sachs Realty help you through the process, you'll have the best experience - guaranteed!
Here are a few tips to make the process easier and to be sure you're ready to make your purchase:
Save Money -
There are many programs available for first time home buyers. Some programs allow as little as 3% down, and you may be able to get down payment money from the seller.
Use our mortgage calculator to determine how much you can afford.
Credit Check -
When applying for a loan, your credit will be checked and an important factor as to whether you'll be approved. Is there any incorrect information? Dispute errors and work to pay down your debt. It's also a good idea not to make any new loans that will increase your debt to income ratio.
Get Pre-Approved -
Before you start looking for your home, find out what’s within your price range. Contact a loan officer to help you with this process. We have great resources to help you if needed. You can also use our mortgage calculator.
Loan Options -
There are many first-time home buyer programs including Federal mortgage programs with Fannie Mae and Freddie Mac, Federal Housing Administration loans and Veterans Affairs loans. Maryland has state assistance programs as well. This includes first-time home buyer tax credits and interest free loans up to a certain amount for those that qualify.
Contact me today, and I'll help make your first-time-home-buying experience the best experience ever!