First Time Home Buyer

Whether a new home is later down the road or you’re looking now, we vow to help you understand your options and assist you in getting the right mortgage for your situation.

Our Home Buyer’s Guide takes the unknown out of getting your first home loan. The uncertainties of it, the hassle that it brings and more. We break down the process so it’s easier to understand.  

If you are actively looking for a home

If you are planning a move in the soon future, these are the two most important things you should do first. Get approved for a loan. Doing this before looking at homes helps you drastically.

Here are some of the benefits:

• You’ll get an approval letter that shows agents and sellers that you’re able to afford a home.

• You’ll find out how much house you can afford. It’s as simple as that. 

• It makes the rest of the mortgage process quicker, smoother, and easier.

Look for a great real estate agent 

After you apply and once you get approved, choose a real estate agent that works best for you. They’re a great source of experience and knowledge that you may lack when it comes to this field. When it comes to how to buy a home, you should expect your new agent to accomplish these things:

• Help you find the right house for your price and one that fits you.

• Manage all paperwork.

• Negotiate with whoever is selling and assist on that end. 

With an approval letter and home for sale listings from your agent, you’ll now be equipped to hit those open houses.

Great Loan Options for First-Time Home Buyers

Here are a few of the common situations that oftentimes has people getting their first home loan, and possible options. There’s a chance that you may qualify for more than one; we’ll assist you in finding what’s best for you.

• Are you someone that wants interest and payment stability?  With a 30-Year Fixed, your interest rate and monthly payments, other than taxes, the payments won’t change, and you can buy a home with as little as 3%.  

• Are you only thinking of a starter home for a few years? The adjustable-rate mortgage allows the option to have a low fixed interest rate. This simply means lower monthly payments for the first few years of your mortgage.

• Are you a veteran or still serving? You could possibly qualify for a VA Loan and be able to buy a home with zero money down. 

Why Choose Tampa Bay Home Mortgage To Get Started?

It’s quite simple. You’ve told us what you need from us and how you want to get a mortgage and to get started, and we’ve listened. Here are just a few of the things we will  do for you:

• We service almost all of our mortgages, so our great customer service continues after you close.

• We vow to provide you the best service that a company can provide.

• We don’t charge you to make your mortgage payments online.

• You can pay off your mortgage before the deadline with zero penalties.

For more information, stay tuned for more! Thank you for choosing Tampa Bay Home Mortgage.