Purchase a Home
Purchasing a home should be nothing less than exciting. It’s a major commitment and one of the largest transactions you will likely make in your lifetime but this shouldn’t overshadow the dream of homeownership. An easy and stress free process is an experience we’re dedicated to ensure. Being prepared by answering two questions—are you ready to buy and how much “house” can you afford—will help you make better decisions throughout the process. Take this opportunity to learn more about the home buying and mortgage experience. Below and throughout this site you will find helpful information to aide you in purchasing your new home but there is nothing quite like personal attention. If you have any questions or concerns, please don’t hesitate to pick up the phone and give us a call or send us an email. We are here to help YOU.
Am I Really Ready to Buy?
There are many advantages to homeownership. One of the most significant: home owning allows you to build equity (ownership) by paying your mortgage on time each month. Bonus: in many cases, the monthly mortgage payments are less than the monthly rent payment.
When considering homeownership for the first time, it’s important to determine if buying makes both, financial and practical sense for you. To do so, consider the pros and cons to both renting and buying, weighing them to your personal situation. Think about location, length of time you plan on staying in the area, income and job stability, utility expenses, and home care, for a few.
How Much “House” Can I Afford?
Save time by focusing only on homes in your price range. To do so, calculate your purchasing power and determine how much you can afford to pay each month.
Some upfront costs include:
Down payment: Typically ranges from 1-30 percent of the cost of the house. The more you can put down, the greater equity you will have in your home and the lower your monthly payment will be. For down payments less than 20 percent, you may be required to pay mortgage insurance.
Closing Costs: Typically range from 2-6 percent of the loan amount depending on your area.
On-going Costs: Your housing costs can include the following:
Monthly mortgage payment
If applicable - Flood Insurance
If applicable - Property taxes
How Much Can I Get Pre-qualified For?
Before you go looking for a home, you should see if you are financially able to get a mortgage and get an estimate of what you pre-qualify for from a lender. If you are working with a real estate agent, getting pre-qualified lets them know you are a knowledgeable and serious buyer.
Don't Wait! Find out about your options TODAY!
Our Happy Clients
"Working with Paul and staff was a pleasure. We had a problem free, smooth experience. I would highly recommend using them to anyone that would need a lender!"
Paul NMLS #27543
"Working with Diane in our purchase of a new home was great! She always made herself available to us anytime we needed her. Thank you so much to Diane and Hall Financial"
Diane NMLS #1541451
Hall Financial NMLS #1467435
"I highly recommend working with Sal on your loan. He is professional and knowledgeable about ever part of the loan process. He will keep you informed from start to finish and calls you back right away."
Salvatore NMLS #813562
"I was very impressed with Chris’ transparent/open communication style. He kept me updated throughout the process and explained everything in a manner in which I understood completely. He was very attentive during the entire process and eased any hesitations I had during the process."
Chris NMLS #1123930
"Doug worked tirelessly with me for almost 2 months to get me the best possible mortgage option. I had started working with four (4) mortgage companies and he was the only one that listened to what I was looking for and obtained in for me. He even answered his phone while teaching his child to ski and took care of my questions. I would recommend him 200%!!!!"
Doug NMLS #32032
"Seth made our loan process as smooth as silk. I’ll be recommending Seth to friends and family in the future. Seth was always in touch and went out of his way to make the refinancing fast and easy. Thank you Seth!"
Seth NMLS #21280
"Travis and Scott were great. If your entire team is as professional and efficient as those two, you have a very strong future ahead."
Travis NMLS #20973
Scott NMLS #938847
"Paul went above and beyond to help get me into my new house, he also saved me a ton of money by suggesting when to lock in my rate & other mortgage related advice. I would most definitely recommend him to anyone that’s looking for an honest, professional, and driven individual that looks out for his client."
Paul NMLS #27543
"Chris was a pleasure to work with. He was available 24/7 for any questions I had. He educated myself and my wife on the process until we felt 100 percent comfortable. He even took time out on his vacation to answer questions and help the process move along. Anyone looking for a loan better work with Chris!"
Chris NMLS #1123930