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First-time Homebuyers

As a First Time Homebuyer, there is a lot of financing information to absorb. Fortunately, buying your first home today is much easier with many programs designed just for you.

Many of these newer programs require zero to little money down and are more lenient by allowing lower credit scores and higher debt ratios. Because of ever changing guidelines of this program please contact one of our mortgage professionals for more details.

Step number one for first time homebuyers is pre-qualification. Most realtors will ask for this information before you view available homes. Pre-qualification will also give you a firm understanding of how much you can afford and enable you to write an offer to purchase with the assurance that you can afford the home.

Step number two is to find a realtor; Commonwealth Mortgage Group has a network of preferred Realtors to assist our valuable customers with their home buying needs. Please feel free to browse our agent list under the preferred vendors section of the website and contact them directory or feel free to contact your mortgage loan originator and they will set up a meeting to get you started on the next step to home ownership.

The third and final steps after you have found a home is to contact your mortgage loan originator and have them customize your loan program to fit your needs. Your mortgage loan originator has been trained to walk you through the entire loan process from start to finish. Please feel to browse our website to learn more about the loan process and a list of documents that are required to close your home loan.

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