FIRST-TIME BUYERS

Make the first move with a clear plan.

John can help you understand a workable payment and cash to close before you shop.

BEFORE YOU SHOP

Start with more than a sales price.

Look at income, debts, credit and funds available after closing.

Ask for a pre-approval review before making an offer.
Compare principal, interest, property taxes, insurance, HOA dues and any mortgage insurance.
Budget for down payment, closing costs, prepaids, inspections and moving.

AFTER AN OFFER

The process often includes formal application, disclosures, appraisal or other property review, underwriting requests, final figures and closing.

Keep pay statements, bank statements and explanations for unusual deposits handy.
Tell John before changing jobs, opening debt or moving funds.
Read the Loan Estimate and Closing Disclosure and ask about anything unclear.

COMPARE OPTIONS

First-time status alone does not determine the best program.

A common choice for purchases and refinances, with eligibility based on the full financial picture.

An insured loan option with its own mortgage insurance and property requirements.

For eligible veterans, service members and others, subject to entitlement and lender guidelines.

For eligible households and properties in qualifying areas.

Explore possible assistance programs where available, including their eligibility and repayment rules.

QUESTIONS

Your own qualification can differ from someone else’s.

Is pre-approval a final approval?

No. Final approval also depends on verification, underwriting, property review and loan conditions.

How much cash will I need?

It depends on loan type, costs, available funds, eligible assistance and negotiated credits.

Should I wait until I find a house?

An early conversation can help set a realistic range and identify issues before an offer.

TALK THROUGH YOUR SCENARIO

Tell John what you want to accomplish. He’ll help you sort through the options and next steps.