Your first home is within reach
Navigate the path to homeownership with confidence using our comprehensive guide tailored for first-time buyers.
Your roadmap to owning your first home
Embarking on the journey to homeownership can feel overwhelming, but with the right guidance, you can move forward confidently. Follow these steps to make informed decisions and achieve your dream of owning a home.
Evaluate your financial readiness
Review your income, savings, debts, and credit score to determine how much you can spend on a home. Consider factors like down payment and monthly mortgage payments to set a realistic budget.
Explore options and get pre-approved
Our team has access to thousands of loan programs, making it easier to find a mortgage that aligns with your financial situation. We'll help you get pre-approved to show sellers you're a serious buyer.
Find a real estate agent
Partner with a knowledgeable real estate agent who understands your needs and the local market. They can guide you through the process, from house hunting to closing.
Make an offer & negotiate
Once you find the right home, work with your agent to make a competitive offer. Be prepared to negotiate terms and price with the seller to reach a mutually agreeable contract.
Close the deal
After your offer is accepted, complete the necessary inspections, appraisals, and final mortgage approval. Review all closing documents carefully before signing to finalize your home purchase.
Top 6 factors that impact your interest rate
Property type
Condominiums and multi-unit properties tend to have higher rates than single-family homes.
Property use
Investment properties usually have higher rates than owner-occupied homes.
Credit scores
Higher credit scores can lead to significantly lower rates.
Down payment
A larger down payment often results in a lower interest rate.
Loan size
Loans under $150,000 and large jumbo loans over $3 million may have higher rates.
Loan type
FHA and VA loans generally offer lower rates than conventional loans.
Curious about a specific loan?
Explore all loansSee what pre-approval documents you may need
- Tax returns for the past two years
- Proof of income like pay stubs, W-2 or 1099 forms
- Recurring bills, credit balances, loans
- Employment history for the past two years
- Bank, investment, retirement account statements
- Rent, legal matters, down payment gift letters
Plan with confidence with our easy-to-use calculators
Estimate your mortgage payments and find out how much home you can afford.
Mortgage calculator
Calculate your monthly payments based on loan amount, interest rate, and term.
Try it nowAffordability calculator
Find out what price range fits your budget with our affordability tool.
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Take the first step toward your new home
Secure a mortgage pre-approval to streamline your homebuying journey.
Get pre-approved