Buying Your First Home – The USDA First Time Home Buyer Playbook
Now that you’ve made the decision to purchase your first home, a hearty congratulations are in order! The stressful part of being a homebuyer is over. Becoming a USDA First Time Home Buyer and therefore homeowner, especially for the first time, can stir up some feelings of anxiety and excitement.
With the knowledge that you gain through individual research and the help of your loan specialist, you will soon begin to feel like a seasoned house hunter.
Tip # 1: USDA First Time Home Buyer Needs To Do Their Homework
Did you know that there are a number of incentives available to first-time home buyers?
A USDA Home Loan, for instance, is especially appealing to first-time home buyers. Offering No Down Payment and low-interest rates are just a few ways that it helps make the dream of homeownership a reality for many.
The best way to find out what’s available, in terms of down payment requirements and interest rates, is to do your homework by comparing your options.
Tip # 2: Save Money as a USDA First Time Home buyer
Although this loan offers no down payment, it’s important to save money, so that you will have enough to provide an earnest money deposit (if applicable), pay for any closing costs and inspections.
Tip # 3: USDA First Time Home Buyer – Get Your Credit Profile In Order
When you apply for a loan, the loan specialist will access a copy of your credit report and will use the information to determine your creditworthiness and/or interest rate. This means that you will want to make sure that the information contained in your credit report is accurate and up-to-date.
You can get a free report by going to https://www/freecreditreport.com.
Tip # 4: Start Your Search as a USDA First Time Home Buyer
With the internet being what it is today, it’s no surprise that many potential home buyers start their search online. A Realtor’s Web site is designed to not only list real estate, but also to educate a buyer as they move through the process of searching for a new home.
In addition, the internet offers a way for consumers to browse through color photos and virtual tours, both interior and exterior, along with information pertaining to the homes themselves.
The convenience of being able to find a home that you like without having to wait is just one of the many benefits of shopping for a house online.
Tip # 5: Make Haste as a USDA First Time Home Buyer
Buying season is just around the corner. Did you know by the way – that Millennials can be Homebuyers as well? Don’t lose out on the potential of owning your dream home by procrastinating. Now is the time to start the home buying process.
Tip # 6: USDA First Time Home Buyers Need to Take Good Notes
Whether its keeping track of houses you like or jotting down questions for your loan specialist, staying organized will make the process go smoothly.
Tip # 7: Get Help – Especially as a USDA First Time Home Buyer
The home-buying process can be confusing to many, but it doesn’t have to be.
Our loan specialists will not only guide you through the process but keep you informed every step of the way.
You do not need to be an expert to buy a house, you just need an expert to help you out.
Either fill out the form or give us a call at 888-464-8732 and we can help you get started on the path to homeownership.