Financing Your Purchase
You have choices when it comes to making the down payment on your home purchase. Options range from 3 to 20% down and you’ll want to talk with your lender about what makes best sense for you.
Pre-approval is an important and exciting time when you work with your lender to determine how much home you can afford. Getting a pre-approval letter allows you to house hunt with greater confidence, knowing how much the bank is willing to lend you.
There are many different mortgage products available and you’ll want to work closely with your lender to find the right mortgage for you. The mortgage you choose may make a big difference in your monthly payments and the overall cost of your loan.
Once you’ve found your home and submitted a purchase contract, you’re ready to get the final approval from your lender. During this step, you’ll work with your lender to determine the terms of your loan.
Unfortunately, there are many unscrupulous people who don’t have your best financial interest in mind when you’re looking to buy a home. Follow these helpful tips to protect yourself and your family from fraudulent schemes.
If you’re having trouble saving enough for your down payment, talk with your lender or housing counselor about down payment assistance programs. Many state, county and city governments provide financial assistance for people in their community that are qualified and ready for homeownership.
Learn about the loan application process, from the paperwork required to how lenders assess your eligibility.
What Home Means to Me
Annette - Langhorne, PA