It’s the place where you’ll raise your kids, plant your first garden, train a new puppy. Your first home is the perfect place to nurture some of life’s sweetest memories, and I’m here to help you get there. I’m Timmy Ostrom, an independent mortgage lender, and I will guide you in your first home loan. Buying a first home is an exciting, once-in-a-lifetime event. It’s been my privilege to help many people realize their dream of owning a home.
Applying for mortgage loans can feel like a confusing process, especially for first-time home buyers. Strange new terms and paperwork filled with tiny print confront you at each step. But, the process doesn’t have to be difficult when you work with me.
Buying property is a decision that affects you and your family in financial, geographic and emotional ways for years to come. As you begin this process, it can be helpful to consider the following factors:
First-time homebuyers often wonder where to start. Should you call your bank? Speak with a real estate agent? Ask your parents for a loan?
I’ll help you find a loan that’s right for you. Some loans are geared for first-time homebuyers, with low or even zero down payments. If you’ve never bought a home, don’t be discouraged by the idea that you need to have a certain credit rating or a huge down payment.
I match my clients with a loan that best fits their goals and finances. While some first-time homebuyers choose a conventional loan, some need a mortgage with more flexible qualification requirements.
For first-time homebuyers, I often recommend loans insured by the government. Federal agencies back these loans which means lenders relax some requirements.
Federal Housing Administration (FHA) Loan
United States Department of Agriculture (USDA) Loan
Veterans Administration (VA) Loan
Government-guaranteed loans are among the best options for first-time homebuyers. Call me to learn more about these loans and other programs right for first-timers.
My team makes getting a home loan simple. From the initial application through to closing, we’re here for you. I’ll answer your questions, send you important updates and let you know what’s happening with your loan.
Schedule a consultation with me. I’ll help you launch your journey to homeownership. During this first step, we’ll discuss your goals and resources. Once we go over your financials, we’ll determine the type of loan that’s right for you. We’ll also start working on pre-qualification for a loan.
We’ll cover the following topics so you have a complete understanding of the process as we apply for your mortgage loan:
And more! Call me today to schedule your initial consultation. I look forward to meeting you!