Steps For First Time Home Buyers

1. Check your credit score- It is important to use a mortgage lender because they use your credit score and financial history to qualify you for a loan. Buyers with a higher credit scores tend to get better interest rates and loan terms, so make sure you understand and review your credit before you start the process. You can get a free credit report once every calendar year!

2. Start thinking about your down payment options. Different loans can have different down payment options. For example, a conventional loan can start at 20% down payment, FHA loans can be as little as 3.5% down payment. VA loans do not have a down payment but that is exclusive to our veterans, and active military. There also first time home buyer assistance programs that can help you on your first purchase of a home! Possibilities are endless, there are always ways to best fit your needs so please contact us to help you!

3. The next step once you are aware of your credit report is to choose a lender and get preapproved for a mortgage. Many first time home buyers do not realize that they can research and shop for a lender. It is important to find a truthful and reliable lender. Your lender will go over types of loans, and terms. Fortunately for Boulder Realty we have amazing trustworthy lenders who can help you find the right mortgage loan. C.O. Scheffer at Central Bank is a great lender for first time home buyers and they make the process as smooth as possible for clients, and you can reach them at (573)-620-5200. Mike Vanilla at USA Mortgage is always reachable and has an app you can use to calculate your mortgage and monthly payments, he also made a custom home app tailored to Girard Homes clients. You can reach Mike Vanilla at (573)-881-6620. Our lenders give the highest quality of customer service, makes lives easier, and you can trust them to make the process convenient and as simple as possible. Once you get preapproved you are not committed to take that loan but sellers will take you more serious about buying. Being preapproved can also help you if you find yourself in a bidding war.

4. Once you are preapproved you can start looking for a real estate agent! Having a trusting, and reliable real estate agent can make the journey much smoother. Agents have access to sources that no one else can get. Your agent will represent you throughout the home buying process to help you find the right home, have the power to negotiate and can help accelerate the process. An agent can help protect you and your assets. Realtors help insure that the process is done properly, and that can make the difference in getting your dream home. Most importantly having a real estate expert can provide you peace of mind. At Boulder Realty we have experienced professionals who would love to help you begin your home search process. Go on our Home page and scroll to the bottom and you will be able to meet the team! Contact us today to get your search going!

5. Once you have picked your real estate agent, your agent will guide you throughout the process including a competitive market analysis, home inspections, appraisals, offers, homeowner insurance, and etc. Agents are there to help the client and fit clients needs and we believe at Boulder Realty that our team can help you. We look forward to working with you!