Not sure how much you have to save up, what kind of payment you can afford, or even how mortgages work? If so, you’re not alone. We’ve put together some helpful tips for people just like you, and all you have to do is check out our guides to learn what it will take to reach your goals.
One of the first things lenders will look at when you apply for a loan is your credit score. This number is based on your past spending and borrowing habits and shows your ability to pay rent and car payments on time. The higher your number, the easier it is to qualify for a loan, and better credit scores typically mean lower interest rates, which could save you thousands of dollars over the life of your mortgage.
Learn how to get in the best financial shape possible before applying for a loan.
See what the numbers mean, if yours is high enough, and if not, what steps you can take to raise it.
Read all about the different kinds of loans we offer and find one that makes the most sense for you.
Surprise! Since mortgages are paid over such a long time, your monthly house payment may actually be hundreds less than you pay in rent.
Depending where you live, you may be able to deduct part or all of your property taxes and mortgage interest on your taxes.*
*Not intended to be tax advice. Consult your tax professional.
The longer you pay for your home, the more of it you own. (That’s called equity, and it can increase your net worth.)**
**Not intended as financial advice. Consult your financial adviser.
Living in a neighborhood gives you a whole network of friends and connections.
When it's your house, you get to choose what goes on the walls, what hangs from the ceilings, and who comes in and out your doors (kids/pets/friends).
Bad: Below 600
No matter where your current number falls, there are ways to improve it. It may take time, but once your credit score rises, it’ll be a much faster, smoother path to buying a home!
Here are four small steps that can make a big difference.
Want more help putting together a personal plan to qualify for a loan? We’d be happy to help. Just get in touch with a loan officer near you.
Congratulations, you're ready to apply! But first, use the following checklist to pull together the financial information your lender will need. Any questions? Please give us a call and we’ll be happy to explain.