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Buy your first home with Dream Home Mortgage

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Call (972) 245-5626 to book your free consultation with our expert lenders or send your inquiry to info@dreamhomemortgage.com. Searching for your first home loan is the first step if you’re getting ready to buy your first house. With Dream Home Mortgage’ assistance, you can locate a suitable mortgage. Moving into your new home quickly is made simple by our extensive array of lending solutions and simple mortgage process.

Find the Perfect Mortgage for Your First Home

We provide first-time homeowners with various financing types:
Conventional Loan

If the amount you need to borrow falls within the conforming loan restrictions set by Freddie Mac and Fannie Mae, you may use a conventional conforming loan to buy your first home.

FHA Loan

When applying for a mortgage as a first-time home buyer, you might be attempting to raise your credit score. To be eligible for low rates and a small down payment on an FHA home loan, which is one that the Federal Housing Administration guarantees, your credit score is not required to be perfect.

VA Loan

Are you a surviving spouse, a current duty service member, or a veteran? Purchase your first house with a VA mortgage to move in with no money down, reasonable rates, and no private mortgage insurance. The mortgage is insured by the US Department of Veterans Affairs.

FHA 203(k) Loan

If there is a fixer-upper you want to buy you can use an FHA 203(k) loan to make it your first house. You can borrow money with this loan option to pay for both the purchase of the home and its repairs.

Bank Statement Loan

Bank statements can be used to verify first-time homebuyers' incomes when they don't have a formal job to expedite the loan application process.

All of these mortgage choices might be unfamiliar to first-time homebuyers. During your session, you can get more specifics about every one of them. We will be able to provide you with tailored recommendations as you tell us about your financial situation.

Why Do You Want Us to Be Your First Mortgage Company?

When you purchase your first home, consider the following reasons to partner with Dream Home Mortgage:

  • Find the solutions you’re looking for. Our loan specialists are approachable, understanding, and honest, providing you with all the information you require to make an informed decision regarding your first mortgage.
  • Utilize a lending solution that is appropriate for your particular situation to purchase a home. With so many alternatives available, we can assist any borrower in finding the perfect mortgage.
  • appreciate first-rate client service.We are a Division Brazos National Bank
    that does business in a much more intimate manner.you are invited to Dream Home Mortgage.
  • Look for affordable prices. You need a solution that will assist you maximize your financial flexibility while you are looking for your first home. You can find a loan that combines the elements you need to support your present and long-term ambitions.
  • Enjoy a lifetime of assistance. You may depend on us to provide you with information, assist you with a refinance, or assist you with any adjustments as needed in the future.

Dream Home Mortgage can help you buy your first home.

You might soon be unlocking the door to your new home anywhere in the United States. To apply for a mortgage or to ask concerns about the home buying process, call us today at (972) 245-5626 to book a consultation.

FAQs

The benefits of buying a house rather than renting a house or apartment include:
  • Tax breaks
  • Financial gains
  • Appreciation in value
  • Equity
  • Capital gains
  • Freedom
  • Security
  • A sense of pride

Ask yourself the following questions when considering whether you’re ready to buy:

  • Do I have a steady job?
  • Have I been steadily employed for the last two to three years?
  • Is my current income reliable for the foreseeable future?
  • Do I have a positive bill-paying history?
  • Do I have few outstanding long-term debts, like car payments?
  • Have I saved for a down payment?
  • Can I afford to pay a mortgage, taxes, utilities, and insurance?

A credit score numerically summarizes an individual’s credit history and gives a snapshot of their financial standing to a lender. Mortgage lenders use the score to decide who receives loans and at what interest rate. The higher the score means the better the chance of getting a loan with an attractive interest rate.

If your score is low, it is not impossible to get a loan but it will take longer. These three different companies keep credit histories: Equifax, TransUnion, and Experian. Before applying for a loan, get reports from all three companies. Fix any errors you might see in order to improve your score and put your best foot forward with lenders.

Saving for the down payment is the greatest obstacle for first-time homebuyers. Lenders expect between 5% to 20% for a down payment. It varies according to the lender’s requirements, and the type and length of the loan. Make a budget, set a goal, and stick with the plan. Saving and sacrificing is how most people come up with their first down payment.

Typical deductions are mortgage interest and real estate taxes.
In most cases, loan discount points and origination fees are deductible.
Read Publication 530 titled Tax Information for Homeowners found on the IRS website.
There are capital gains benefits, but don’t worry about that until you buy your first home.

Pre-qualification: Getting pre-qualified for a mortgage gives first-time homebuyers an indication of how much they “might” qualify to borrow. This mortgage amount is not guaranteed because no information has yet been verified. A letter from the lender may only state that you are “likely” to be approved for a mortgage.

Pre-approved: Better yet is getting pre-approved for a mortgage, which is based on a real credit score, and it also puts real estate agents and home sellers at ease. The buyer has more to offer when making a deal and in a competitive market this can be a definite plus.

We specialize in loans for first time home buyers.

Are you ready to find out what type of mortgage is best for you or whether you qualify for a first time home mortgage ? Dream Home Mortgage can assist you. We can help you find the right mortgage and walk you through the entire process from start to finish.

Dream Home Mortgage,An Equal Housing Lender, a Division of Brazos National Bank, is committed to providing affordable mortgages with superior customer service.

Contact a member of our team immediately at (972) 245-5626 to initiate the first-time homebuyer financing process with our trained staff.Please send your inquiry to Info@dreamhomemortgage.com

Disclaimer

This website’s content is only presented for informational purposes. Programs, rates, and terms are all subject to change without prior notice. Loan approval is based on the borrower’s credit, collateral, financial history, eligibility for the programme, and other variables that are subject to change at any time. Other limitations might be present. This is not a request for a loan.Dream Home Mortgage NMLS#334616 Brazos National Bank NMSL#473879 |www.dreamhomemortgage.com | Equal Housing Opportunity

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