First Time Homebuyer Consultation

First Time Home Buyer Consultation

Congratulations - you've worked hard to save the money to start looking for a place to call your own! Many homeowners reach this point and do not have the mortgage financing help and guidance they need to maximize their home-buying potential. We understand that buying your first home can be an exciting yet daunting process. At Everest Lending, we are here to guide you through the journey and help you find the perfect mortgage that suits your needs.

With over 23 years of experience in mortgage lending that has led to originating virtually thousands of loans, we have Mortgage Brokers that will listen and provide as many product options as possible to get you the perfect mortgage to buy the house that will ultimately become your home.

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How to choose the right mortgage lender for your first home

Choosing the right mortgage lender can make a significant difference in your home buying journey. Here are some key factors to consider:

Loan Variety: Look for lenders that offer a variety of loan options, including conventional, FHA, VA, USDA, and specialized programs.
Customer Support: Consider the level of customer support the lender provides, whether it's in-person, online, or over the phone.
Credit Requirements: Check the minimum credit score requirements for each lender and find one that aligns with your credit profile.
Down Payment Assistance: If you need help with your down payment, inquire about down payment assistance programs.
Loan Terms: Evaluate the loan terms offered by different lenders to find the best fit for your financial situation.

Down Payment Options

The down payment is a significant factor in the home buying process. The amount you need to save for a down payment depends on the type of loan you choose:

Conventional loans: Down payments as low as 3%, though higher down payments can avoid private mortgage insurance (PMI).
FHA loans: Down payments as low as 3.5% based on credit score.
VA loans and USDA loans: No down payment required.

Down Payment Assistance

As a first-time homebuyer, you may be eligible for down payment assistance programs. These programs, offered by state housing authorities or local organizations, can help you bridge the gap in funding your down payment. Be sure to check the eligibility requirements and attend any required first-time homebuyer classes.

Get Started with Everest Lending

At Everest Lending, we are dedicated to helping first-time homebuyers achieve their homeownership goals. Our experienced team is here to provide personalized assistance and guide you through every step of the process. Whether you're looking for a low down payment option or need help understanding mortgage terms, we've got you covered.

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