
First-Time Homebuyer Loans and Programs
Which Loan Is Best for First-Time Homebuyers? If you’re thinking about becoming a first-time homebuyer, you are probably wondering about mortgages. How much does a ...
Depending on where you live, what kind of mortgage you’re looking for, and your credit history, the loan process will be different for every homebuyer. There’s a lot of information to absorb and important decisions to make, which can be overwhelming at times, but we’re here to help answer your questions and show you how to buy a house.
Whether you’re a first-time homebuyer or you’ve purchased before, it’s a smart idea to become familiar with the home buying process and everything that’s involved. Being informed prepares you for the best experience possible.
Nobody understands the mortgage process like a Summit Mortgage loan officer. They’ll get to know you, your goals, and your needs to help you find the perfect mortgage program and the most savings possible.
Find a Loan Officer Near YouDownload our Homebuyer Guide to get an idea of what the typical loan process looks like, learn about what happens at each step, and prepare for your own homebuying journey.
This might seem like an obvious step, but knowing exactly how much you want to spend on your house can determine which mortgage programs you qualify for. Use our mortgage calculator to get started.
It’s not required, but if you get “pre-qualified” for a loan it will make the process easier down the road by ensuring your finances are in order and you have all of the correct documentation to complete the application process. Your first step is to find a Summit loan officer, and they will help you get pre-qualified.
Your credit score and credit history are the two most important factors that determine whether or not you get approved for a mortgage loan. This makes the process fair for every homebuyer and removes the possibility for biases or subjective opinions to impact the lender’s decision. Unfortunately, that means you won’t be able to explain small inconsistencies or convince a lender that those few missed payments were out of your control. So, how can you be sure that you look good on paper?
Every mortgage program has something different to offer, so what’s best for someone else might not be best for you. Your current needs may steer you toward one program, while your future plans suggest another. Take some time to educate yourself about the different options, then talk to a Summit Mortgage loan officer who can help you decide what’s going to work best for you.
Which Loan Is Best for First-Time Homebuyers? If you’re thinking about becoming a first-time homebuyer, you are probably wondering about mortgages. How much does a ...
It takes a lot more than a handshake and signature to get approved for a home loan, and that’s a good thing. Today’s approvals require an extensive amount ...