As a first-time homebuyer, it is far too important to trust just anyone to guide you through the process of what loans are right for your lifestyle and budget. At The Mortgage Lady Team – Fairway, our mortgage professionals work tirelessly with first-time homebuyers to ensure that they are aware of the entire loan process and will answer every question along the way.
We want our new homebuyers to feel that they:
We have a variety of home loan programs available for first-time homebuyers. Even if you do not have a long credit history or a large down payment, our team will be happy to meet with you for a complimentary look at whether now is the best time to buy your first home.
Here’s how our home purchase loan process works:
To determine if you qualify, lenders review your total monthly debt (proposed housing payment plus regular monthly debt) as a percentage of your total gross monthly income. The acceptable percentage (DTI) will vary depending upon the specific loan program for which you apply.