Is your resolution this year to buy a house? Let our experienced Mortgage Team help you achieve that goal! Our Mortgage Sales Manager, Hannah, offers three great tips to get you started:
1) Save for a down payment.
The typical down payment for a first-time home buyer is 3% of the purchase price. However, we offer other options that allow you to purchase a home with no money down.* Our home loan experts can determine your options and get you on the path to saving or on your way to purchasing!
2) Know your credit score.
Your credit score determines your interest rate and eligibility. It is important to know your score and monitor it for any discrepancies.
You can check your score for free once a year, without hurting your credit. Freecreditreport.com and creditkarma.com are both great online resources. Our home loan team can review your score and determine if you are ready to purchase your first home.
3) Get pre-approved.
Find out the amount you are pre-approved for before you start house hunting. This will prevent you from wasting your time looking at homes over your budget and let buyers know you are serious about purchasing.
For quick pre-approval, gather your most recent 30 days of paycheck stubs, last two months of bank, stock, investment & CD statements and the last two years of federal tax returns and W2 forms.
When you're ready, we're here to help! Give us a call at 417.887.1983 x486 or stop by our Sunset location and meet with one of our home loan experts. You can also click here to learn more about our home loan options.
Cheers to making 2019 the year you buy your first home!
*Membership and eligibility required. Some restrictions may apply.