Buying Process

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First Time Buyers

Explore our ultimate guide to homeownership

Seize Your Destiny

Own Your Dream Home Today

Embrace the exciting journey of homeownership with confidence and enthusiasm! The prospect of purchasing your first home may appear daunting, like a leap into uncharted waters. We understand that taking that first step can be overwhelming, especially when you're unsure where to begin. But fret not, because we are here for you, dedicated to guiding you through this life-changing experience. Let's embark on this adventure together and explore the path to owning your very own home.

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Understanding Mortgages

Let's start with the heart of the matter - mortgages. For most homebuyers, a mortgage is an essential tool, and the choices can be vast, varying from lender to lender and buyer to buyer. Your peace of mind begins with understanding your options. We urge you to take the time to explore and engage with multiple lenders, ensuring that you secure the best possible deal tailored to your unique circumstances.

Types of Mortgages

There are three primary types of mortgages that cater to diverse financial situations:

Conventional Mortgage

This is the standard choice for buyers with strong credit, offering flexibility in down payments based on your creditworthiness and location.

FHA Mortgage

Designed to assist buyers with lower credit scores, it provides a lower initial down payment option, although it may entail mortgage insurance premiums.

VA Mortgage

A salute to our veterans and active military members, this loan offers numerous benefits, including simplified approvals and lower interest rates.

What Do Mortgages Include?

Your mortgage payment is comprised of four key components, collectively known as "PITI" :

  • Principal: This covers the repayment of the initial borrowed amount, essentially the price of your home.
  • Interest: This payment compensates the lender for lending you the money, adding to the overall cost of your home.
  • Taxes: Property taxes are prorated into your mortgage, calculated annually and divided into manageable monthly payments.
  • Insurance: Your homeowner's insurance safeguards your investment against potential risks and is conveniently integrated into your mortgage.
Understanding Your Options

Going Loan Shopping

Before committing to a specific loan or lender, arm yourself with knowledge. Consult at least two lenders to ensure you secure the most favorable interest rate. Familiarize yourself with the two main types of interest rates:

Fixed-Rate Mortgage

Predictable and stable, this option ensures your monthly payments remain constant, providing peace of mind.

Adjustable-Rate Mortgage

While initially offering lower rates, these mortgages can fluctuate with the market, resulting in some variability in your payments.

person using calculator How Much You Can Afford

Calculating Your Monthly Budget

Now that you're informed about your loan options, down payment expectations, and likely interest rates, it's time to determine your monthly budget. This figure will be instrumental in establishing the price range for your future home. Keep in mind that your affordability hinges on both the home's price and the current interest rates, which can change daily.

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Let's Get to Work

Choosing a Real Estate Agent

Your real estate agent is your confidant and guide in this journey. Ensure you select someone trustworthy, knowledgeable about your area, and skilled in catering to buyers of all backgrounds.

If you have questions about where to start or a step in the home-buying process, get in touch today.

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The Search Begins

Shopping Homes

Welcome to the enjoyable part of this adventure—home shopping! Here, you define your dream home, from the type of property to the neighborhood's location, and all the amenities that make a house a home.

Keep meticulous records of each home visit, jotting down likes, dislikes, and considerations. Photography can be a valuable memory aid.

Start Your Search
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Once You Find Your Home

Making an Offer

You've found the perfect house, and now it's time to craft your offer. Collaborate with your agent to determine a price that aligns with your budget while appealing to the seller. Your offer should be competitive and reflect your seriousness.

Your real estate agent can help you analyze comparable sales (comps) in the area to determine a fair market value for the property. This will inform your offer price.

Getting Started

What Will I Pay Upfront?

Earnest Money

This deposit signifies your commitment to the purchase and can be applied to your down payment or closing costs once your offer is accepted.

Closing Costs

Real estate closing costs are the various fees and expenses that buyers and sellers incur when a real estate transaction is completed.

Down Payment

This payment represents a percentage of the total purchase price and is paid in cash or by using other acceptable forms of payment.

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Before You Close

Requesting a Home Inspection

Prior to closing, a professional home inspection is crucial to identify hidden problems. Ensure the house is in top shape before you move in, and request repairs if needed.

If the inspection reveals issues with the property, you can use this information to negotiate with the seller. You can request repairs, ask for a price reduction, or even choose to walk away from the deal if the problems are significant.

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You're Almost Finished


If all is in order, it's time for the grand finale! Review your contract carefully with your agent or lawyer to establish contingencies and protect your interests.

Collaborate with your chosen lender to complete your mortgage application, have your home appraised, and review your projected closing costs.

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Pay, Close, and Get Keys!

The moment you've been waiting for has arrived—closing day! Gather with your agent, lender, and the seller to finalize paperwork, sign contracts, pay your down payment and closing costs, and finally, receive the keys to your new home.

The closing process typically concludes with the recording of the deed and other necessary documents with the appropriate government office (usually the county clerk's office). This public record officially transfers ownership from the seller to you.

Still Have Questions?

Buying your first home is a monumental step, and questions are natural. We're here to support you every step of the way.

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