Real Estate Agents In Phoenix, AZ Specializing In First Time Homebuyers
First time homebuyers real estate agent in Phoenix, Laura Boyajian, will help you get a clear idea of how much you can afford and which financing options are available. It’s important to go about it wisely. The market in Phoenix has now shifted closer to a “buyer’s market.”
Let me help you get into your first home! I love working with first-time homebuyers and helping them get into home ownership.
THE HOME BUYING PROCESS
PLEASE READ MORE. KNOWLEDGE IS POWER.
First Time Homebuyers In Phoenix, Please Read my Buyer’s page
Buying your first home is probably one of the biggest financial decisions you’ll ever make.
As a result, 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 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 real estate agent who actually takes ethics seriously.
And, if you’re buying a Historic Phoenix home, it’s much, much different than buying a newer home or a cookie-cutter home.
Therefore, 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.
There are several first-time home buyer programs 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.
First Time Homebuyer Program Options
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.
Programs For First Time Home Borrowers
There are 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.
For example, 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.
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.
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 program.
Working With an Agent Who Specializes in Helping First-Time Homebuyers In Phoenix is a Powerful Asset to Have
Real estate transactions can seem daunting, even to the experienced buyer. 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.
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
Also, if you’re interested in selling your home, please read my seller’s page.