Getting Your First Home Loan

At U.S. Bank, we want your first home purchase to be a rewarding experience and we’re here to help first-time home buyers any way we can. Your mortgage loan officer can answer any questions you may have along the way. In the meantime, here’s some practical advice to get you started on the right path to buying your first home.

Your first step when thinking about buying is to get a pre-approved a mortgage. Yes, that means you’ll most likely start working with a mortgage broker before you find a realtor. A pre-approved mortgage is a "promise" from a lender that they will lend you a certain amount of dollars. With that number in mind, you can start your house hunt.

Your bank might also be able to tailor a mortgage product to better suit you, but you should always shop around first. Getting a mortgage from your bank might seem like an easier option, and there are.

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Whether you’re a first time homebuyer or want to refinance your existing mortgage, the FHA loan program will let you finance a home with a low down payment and flexible guidelines.

Mortgage [FHA Loan] FHA Loan Requirements [Home Loans] FHA Loans (FHA) When you buy a home you will have a date on which you close the mortgage. On the closing day the loan starts and the transaction is completed. Your first mortgage payment will be due one month after the last day of the month you close. Your reoccurring monthly payment will be due on the first of each month. RATE SEARCH: Get Approved for a Home Loan

5 Things You Need to Know Before Your First Loan Application.. A loan application will likely require you to list certain obligations – typically your rent or mortgage payment and maybe.

A guide to getting your first mortgage.. Your capacity may depend on the type of loan you want, Collateral refers to the type of home you want to buy.

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Applying for your first mortgage can be a hassle. Find five ways to make it a little easier to get your first home loan at Bankrate.com today! Here are five ways to make it a little easier.