Lauren Hatmaker, LLC

NMLS #1433297

First Time Home Buyers Eugene Oregon

Taking the first steps

Purchasing Your First Home

Eugene Mortgage Brokers - mortgage broker services

Buying your first home is a huge step forward to investing in your future. Even if you aren’t quite ready for pre-approval, we can help you get started at no cost or obligation to you.

Our Future Buyer Program gets the ball rolling so you know where you stand when you are ready to start the process. Here’s how it works.

  1. We educate you about the home buying process.
  2. We review your finances and make recommendations to help you move toward pre-approval.
  3. We provide tips on how to improve your credit score to obtain the best possible loan and interest rate.

Homeward Bound

Starting the Process

While buying or investing in any property often feels overwhelming, purchasing your first home can sometimes be especially daunting. However, home-ownership can also be a major step toward achieving financial stability and building wealth throughout your lifetime. That’s why before you purchase a home, you need to do your homework. That way, you’ll be able to narrow down the possibilities to find a property you can afford at a price you can handle.

Step 1:

Consider Your Finances

You need to show you are financially stable. After subtracting your living expenses, take a look at how much is left over in your savings and investment accounts that could go toward a down payment. You also need to review your monthly spending items. This information will help you analyze your future mortgage payment goal.

Step 2:

Check into Benefits for First-Time Home Buyers

Before meeting with your mortgage broker, take a look at some of the special programs that are available to make ownership more affordable. There are several out there intended to assist first time home buyers. You can learn more about credits for first-time home buyers, here.

Step 3:

Find the Right Mortgage Broker

For most first-time home buyers, the ability to pay in cash just isn’t realistic. That’s why you should talk to a trusted mortgage broker. We will review your credit report, credit scores, income, and assets, and let you know the amount a bank will approve you for financing. 

Step 4:

Shop Around for the Best Mortgage

Let us shop our trusted wholesale lenders for you. Talk to us about how much you have for closing costs and down payment so that we can help you strategize the best use of your money.

Step 5:

Find a Realtor

Once you have established how much you can afford along with your qualified loan amount, you need to start looking for a real estate agent. Let us know if we can provide a trusted realtor referral. Your realtor will contact listing agents and will set up appointments for you to view properties. The best part is your realtor’s commission will be paid by the seller.

Step 6:

Finding Your Home

Once you have an accepted offer negotiated with your realtor, contact us to start the loan process. We will find the right loan for you at the right lender for the right price and payment.

Become a Homeowner

The Final Word

As one of the biggest financial decisions of your life, purchasing a home is a major step toward building wealth throughout your lifetime. Be cautious with your spending and never take on more of a financial burden than you can afford. Always try to keep in mind that there are numerous costs involved in the process and that each of these can be minimized when dealt with properly.