Ten Tips For First Time Home Buyers

We have helped over 3,000 home owners with their financing needs, here are 10 tips for first time home buyers.

  1. Get Preapproved before you shop for a home and buy what you can afford
  2. You do not need 20% down! Don’t drain your savings, take advantage of Down Payment Assistance Programs if needed
  3. Read your Lenders reviews, not all lenders are created equal
  4. Take your time when shopping but don’t be too picky. It’s your first home not your forever home. You will move again!
  5. The home is important but the neighborhood is more important.
  6. Pay all your bills on time and limit new purchases
  7. Select a lender that offers and will explain all loan options such as: FHA, VA, USDA, Conventional, and Down Payment Assistance Loans.
  8. Take advantage of gift funds
  9. Have a thorough inspection and purchase a home buyer warrantee
  10. Interview and select a great Real Estate Agent who will negotiate hard on your behalf

The Dorman Team has helped thousands accomplish home ownership and we would love to help you!

Set up a no cost consultation today!