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 (#498756), 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:

Putting Down Roots

Renters can easily pick up and go, but homeowners who want to move must consider renting out or selling their property. For this reason, choosing the absolute best location for you is an important safeguard. Look for a location that brings you joy and fulfills practical considerations, including proximity to conveniences like shopping, libraries, hospitals and community centers, as well as the right school district for your children.

Financial responsibility

Owning a home means paying for your own utilities, repairs, and maintenance, as well as mortgage payments, property taxes, and homeowners insurance. You’ll need to have a plan for making these payments on time each month.

Real Estate Risk

You may not be looking to sell your home for quite some time, if ever. However, keep in mind that if you ever did need to sell, real estate values fluctuate over time. Often, they increase. However, property values can also drop, so you’ll want to keep up your property and understand what boosts values so you can make the necessary updates.

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Unlock the Door to Your First Home


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.

Here are some things to know about each of these loans:


Federal Housing Administration (FHA) Loan

  • Ideal for lower to moderate incomes.
  • Down payments lower than conventional loans.
  • Flexible requirements for credit and income.
  • Choice of fixed or adjustable rates.
  • Down payment money can come from a relative or employer.

United States Department of Agriculture (USDA) Loan

  • Affordable loans for homes in approved rural and suburban areas.
  • Low-interest rates.
  • Affordable closing costs.
  • 100 percent financing.
  • FICO score requirements are low.

Veterans Administration (VA) Loan

  • Loans for military veterans.
  • Often requires no down payment.
  • Lower closing costs.
  • Choice of fixed or adjustable rates.
  • 100 percent financing with VA entitlement.

Learn more about VA loans.

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.

Get Started With Pre-Qualification


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.

I’m excited to help you!


We’ll cover the following topics so you have a complete understanding of the process as we apply for your mortgage loan:

  • Interest rates
  • Discount points
  • Origination charges
  • Loan terms
  • Monthly payments

And more! Call me today to schedule your initial consultation. I look forward to meeting you!


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