Buying a home for the first time can be an exciting experience. Finally, you have a space to organize and improve however you like. If being a first-time homebuyer has you feeling a little nervous or unsure about the loan process, you’re not alone. Fortunately, there are many loans that make the experience easier.
When starting with a first-time homebuyer mortgage broker such as Superior Rate Mortgage of New England, LLC, you get to see all your options. You also get the benefit of our experience to help ensure you make the right choice.
When you’re looking for a first-time buyer loan, you might think there are limited options. Truthfully, it depends on what you can afford, especially for the down payment. These loans tend to be easier for first-time homebuyers:
Not everyone qualifies for these programs. First-time lenders can help you determine which ones meet your financial needs.
When applying for a mortgage, you need to know what to expect. Typically, you’ll fill out an application for pre-approval. Once the application is processed, you’ll know how much you can shop for in a home. Mortgage brokers are a great place to start because we can help you sort options and get the best rates and terms based on your application.
Superior Rate Mortgage of New England is licensed in Massachusetts, Rhode Island, New Hampshire and Connecticut. Once you’ve selected a loan and made a successful offer on a home, your lender handles the underwriting. If it’s clear, you’ll close on the loan and become a homeowner.
To learn more about a first-time homebuyer loan in Massachusetts and the surrounding areas, call 978-309-3109 or contact us via email here.
These materials are not from HUD or FHA and were not approved by HUD or a government agency.