First Time Home Buyers

For almost 20 years I have worked with many first time home buyers. Many of these steps below are very similar to my Home Buying Process section but they are even more important for first time buyers.

Obtain Pre-Qualification

Meet with a mortgage broker or personal banker and find out how much you can afford to pay for a home.

Obtain Pre-Approval

While knowing how much you can afford is the first step, sellers will be much more receptive to potential buyers who have been pre-approved. You'll also avoid being disappointed when going after homes that are out of your price range. With Pre-Approval, the buyer actually applies for a mortgage and receives a commitment in writing from a lender. This way, assuming the home you're interested in is at or under the amount you are pre-qualified for, the seller knows immediately that you are a serious buyer for that property.