Get your credit report The first step to homebuying is finding out where you stand from a lenders perspective. Your credit score affects the rate and amount of mortgage loan you are eligible to receive, so knowing what your score is will be important for you to get a good deal on a mortgage.
2. Research first-time homebuyer programs in your area
Incentive packages are available to first-time homebuyers that can potentially cover almost all your closing costs and prepaid expenses. You must income qualify per HUD Income Limits for Lee County, attend a home-buyer education class from a HUD approved Housing Counseling Agency, obtain a commitment for a mortgage from a lending institution, and live in the home. Assistance will be in the form of a not interest/no payment second mortgage on the property being purchased.
3. Meet with your realtor
This is where Malt Realty comes in! Let the professional agents at Malt Realty assist you in reaching your end goal! With over 40 years of experience in the marketplace, our agents will guide you through the entire homebuying process.
4. Talk to a licensed loan originator
Our partners at McCaughan Home Lending are your go-to point for financing! Recognized mortgage lending experts in SWFL, McCaughan home lending can walk you through the mortgage process with their easy to navigate mortgage application checklist which can assist you in becoming pre-approved.
5. Determine you budget & decide what home fits your needs
Before you begin attending showings it is important to work with your Malt Realtor to set a budget. From here, our market experts can help you determine what type of home will align best with your personal and financial homebuying goal.