About the Homebuying Process
Ready to start your next chapter? Homeownership is an exciting milestone, providing you and your family with a new space to call your own and fill with memories. Unfortunately, many prospective homeowners lack the necessary mortgage guidance to close, so they never reach their full home-buying potential.
Everest Lending offers a free, first-time homebuyer consultation to prospective homeowners. Our experienced mortgage brokers ensure you’re equipped with the knowledge and resources needed to sign for your first home. The consultation covers everything you need to know about your mortgage options, lenders, down payment assistance programs, home insurance, and other related topics.
What to Expect in a Consultation
In your first-time homebuyer consultation, you and your mortgage broker will go through the factors to consider when choosing a lender, including:
Look for lenders that offer a variety of loan options, including conventional, FHA, VA, USDA, and specialized programs.
Consider the level of customer support the lender provides, whether it's in-person, online, or over the phone.
Check the minimum credit score requirements for each lender and find one that aligns with your credit profile.
If you need help with your down payment, inquire about down payment assistance programs.
Evaluate the loan terms offered by different lenders to find the best fit for your financial situation.
We’ll also cover your down payment options, which vary depending on the type of loan you choose. For example, conventional loans require a minimum down payment of 3% with private mortgage insurance (PMI), while FHA loans require a minimum of 3%, and VA loans have no down payment requirements.
Your mortgage broker will also share tips on homeowner’s insurance, how your mortgage rate is calculated, and more.