Buying your first home is exciting, but it can feel overwhelming — especially when it’s your first time applying for a mortgage. The good news? With the right planning, you can navigate the process with confidence.
1. Get Pre-Approved Early
Getting pre-approved tells you how much you can borrow and shows sellers you’re serious. Pre-approval also helps you lock in a rate sooner.
2. Understand Your Credit Score
Your credit score influences the interest rates you’ll qualify for. Higher scores typically get better rates — so check your score early and fix any issues.
3. Know Your Loan Options
Different loans work better for different buyers:
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Conventional loans
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FHA loans (low down payment)
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VA loans (benefits for veterans)
Working with a trusted lender can help you choose the right fit.
4. Save for Down Payment and Costs
In addition to your down payment, make sure you budget for closing costs, inspections, and moving expenses.
Conclusion
Buying your first home doesn’t have to be confusing — especially with the right support. Contact us at Get Ransom Approved to start your journey.