Are You a First-time Homebuyer?

Buying your first home will be one of the most important financial decisions that you will ever make.

 

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:

  • Understand the entire loan process from start to finish
  • Are not wasting money
  • Are prepared to safely own a home
  • Have a sound financial plan that will allow them to live comfortably in their new home

 

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.

The Home Purchase Loan Process

Here’s how our home purchase loan process works:

    1. Complete our simple first-time homebuyer pre-approval request
    2. Receive options based on your unique criteria and scenario
    3. Compare mortgage interest rates and terms
    4. Choose the offer that best fits your needs

Do I Qualify?

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.


* Debt-To-Income (DTI) ratio is monthly income debt/expenses divided by gross monthly income. **This advertisement does not constitute tax advice. Please consult a tax advisor regarding your specific situation.***Pre-approval is based on a preliminary review of credit information provided to Fairway Independent Mortgage Corporation which has not been reviewed by Underwriting. Final loan approval is subject to a full Underwriting review of support documentation including, but not limited to, applicants’ creditworthiness, assets, and income information, and a satisfactory appraisal.

Are you a First-Time Homebuyer? Get your quick pre-approval…