We Understand the Needs of First Time Buyers.  Did you know that some purchase programs have different guidelines for First-Time Home Buyer? Some programs are designed to make your financing more affordable because it is your first home. Other programs will penalize you because you have never made a mortgage payment, and limit your financing.
There are many things a loan officer has to consider when finding financing for a first-time home buyer. - Is there rental history? How much higher will the mortgage payment be than the rental payments the borrower has been making?
- Is there enough available monthly income for the borrower to make the mortgage payment, pay for taxes and insurance, repairs as needed and still maintain their other obligations.
- What is the borrower's work history like? If the borrower is new is a recent college graduate, does their occupation relate to their field of study?
The team at LFS Home Loans knows the benefits and pitfalls that can accompany First Time Home Buyers and will make sure your first time buyer status is an asset, not a liability. LFS Home Loans works with first time buyers all the time. We will make the process as simple and complete as possible and work with you every step of the way. Your first purchase doesn't have to be a stressful process, let us help. Please call 866-812-4826 or contact us so we can get begin working on your first home purchase and help you achieve your piece of the American Dream. |
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Last Updated ( Thursday, 24 August 2006 )
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