First Time Home Buyers

Real Estate Agents In Phoenix, AZ Specializing In First Time Homebuyers

First Time Homebuyers Specialist, Laura BoyajianFirst time homebuyers real estate agent in Phoenix, Laura Boyajian, will help you get a clear and accurate idea of how much you can afford and which financing options are available.

It’s so important to go about it wisely.

The market in Phoenix has now shifted closer to a “buyer’s market.” Hiring the right Realtor is more important now than ever.

Let me help you get into your first home! I LOVE working with first-time homebuyers and helping them get into home ownership.

First Time Homebuyers Guide

First Time Homebuyers Real Estate Agent In Phoenix, AZBuying your first home is probably one of the biggest financial decisions you’ll ever make.

It’s always important that you FIRST, have a clear idea of how much you can afford.

It’s also important to know which financing options are available to you as you search for a Phoenix home.

Working With An Ethical Real Estate Agent, a First Time Homebuyers Real Estate Agent In Phoenix

I cannot express enough, the importance of working with an ethical real estate agent. When you’ve never purchased a home before, I know it can feel overwhelming. First, let me assure you that I will take that overwhelm off your shoulders. A huge part of this is knowing that you’re working with a Realtor who actually takes ethics seriously.

Hiring a Realtor Specializing in Helping First-Time Homebuyers In Phoenix is a Powerful Asset to Have

Real estate transactions can seem daunting, even to the experienced buyer. Hiring a Realtor specializing in helping first-time homebuyers, especially if buying a historic Phoenix home, is a super important asset to have on your side.

There are a lot of moving parts and protections you’ll need and want. I truly love working with first time homebuyers to help make the transaction smooth and exciting. After all, I was a first time homebuyer once myself.

If you’re buying a Historic Phoenix home, it’s much, much different than buying a newer home or a cookie-cutter home.

There’s a LOT that must be done differently and correctly during the process. Old houses can have hidden defects or even visible defects such as structural issues that the untrained eye would miss. I won’t let you buy a lemon.

Getting First Time Homebuyers In Phoenix Prequalified and Preapproved for a Home Loan

It’s highly recommended that first time homebuyers begin by first pre-qualifying for a loan with a mortgage lender. But more importantly, getting preapproved for a home loan. It’s important to know the difference.

This way, you can get an estimate of your true buying power. It’s very, very important to figure out how much you can afford on a monthly mortgage payment.

First Time Homebuyer Program Options

There are several first-time home buyer program options that you’ve probably never heard of.

I specialize working with first-time homebuyers and will guide you to these programs helping you connect with the appropriate lender who will treat you with fairness, kindness, ethics and integrity.

And, most of all, a fantastic loan product. Remember, it only takes one program that suits your needs.

Consequently, once you get an idea of how much you can afford, then utilize your mortgage broker to explore the many different home loan programs available.

In an effort to attract first-time home buyers, lenders will sometimes offer several affordable mortgage options. The may help you overcome obstacles that made purchasing a home difficult in the past.

Multiple Programs For First Time Home Borrowers

There are multiple programs for many Phoenix home borrowers who don’t have a lot of money saved for the down payment and closing costs.

Or, maybe have a challenging credit history, long-term debt, or have experienced income irregularities. They change ALL the time so most of them are not listed here, but here are a couple:

Federal Agencies

Many federal agencies such as the Federal Home Loan Mortgage Association, known as Freddie Mac, and the Federal National Mortgage Association, or Fannie Mae, usually offer low down payments to first-time home buyers.

What’s the minimum down payment needed to buy a home?

Usually 3%. FHA is a great option.

FHA Options For First Time Homebuyers

Other government agencies can help as well, like The Federal Housing Administration (FHA). However, the interest rates from these government loans tend to be a bit higher than other types of loans.

But, they’re generally easier to qualify. You can also get a conventional loan from a private lender, like a bank. Many times, lenders will offer special discounts to first-time home buyers.

Locally Developed First-Time Homebuyer Programs

Keep in mind, many first-time buyer programs are locally developed and administered. Your state or local community is much more likely to have a program available than a national or federal program.

Want Additional Information on First Time Home Buying?

For more information on financing your first home, call me, Laura Boyajian, on my cell at (602) 400-0008, for a friendly, no pressure, detailed consultation at no charge to you. You can also email me at HistoricCentralPhoenix@cox.net 

THE HOME BUYING PROCESS

If you’re interested in selling your home, please read my seller’s page.