FTHB – Test


Check out the different resources to help prepare for homeownership.


Buying your first home can be exciting and overwhelming. That’s why we’re here to offer the tools and the education to help you get the keys to your first home. Before you start looking for a home, here are some factors to consider.

What is a credit score?

Good credit is vital to buying a home. Credit scores are calculated using information in your credit reports,
including your payment history, the amount of debt you have, and the
length of your credit history. A high credit score generally receive more favorable credit terms, which may translate into lower payments and less paid in interest over time.

What can I afford?

Many first-time homebuyers jump into a big purchase without understanding the impact to their overall finances, including being able to qualify for a mortgage. Take a look at your savings to calculate your affordability. Always have an emergency savings account with 3 to 6 months of living expenses. There will be considerable upfront costs including the down payment and closing costs.

How much mortgage do you qualify for?

There are many factors like how much other debt you have, your monthly income, and how long you’ve been at your current job, that lenders use to determine your mortgage. The most important step is getting pre-approved for a loan before continuing to house hunt.

First Time Homebuyer Benefits:

Good Investment — You’re no longer wasting money on rent, which tends to rise over time. Knowing there’s a fixed-rate monthly mortgage will give you peace of mind.

Tax deduction — Mortgage interest, certain closing costs, and property taxes tied to your mortgage could potentially be deducted from your income on your annual federal and state income tax returns. Consult your tax advisor for more information.

Start preparing your homebuying journey now!