Quick, easy, friendly service. It was a pleasure working with our sales consultant and builder.
THINKING ABOUT BUYING YOUR first HOME?
START SAVING FOR YOUR DOWN PAYMENT
When purchasing a home, a 20% down payment is typically recommended. However, many first-time homebuyer programs offer the opportunity to make a much smaller down payment. If you're ready to buy but don’t have the full 20% saved up, explore these popular mortgage options that may help:
- Conventional mortgages
- FHA Loans (Federal Housing Administration)
- VA Loans (Veterans Affairs)
- State Assistance Programs
DETERMINE HOW MUCH HOME YOU CAN AFFORD
Before you begin house hunting, it’s important to know your budget. Use our JET HomeLoans Mortgage Calculator to get a clear picture of what you can afford. Keep in mind that your monthly mortgage payment may include additional costs, such as property taxes, insurance, and maintenance.
CHECK YOUR CREDIT SCORE
A good credit score plays a key role in securing a loan with favorable terms. If you're a first-time homebuyer, review your credit score and take steps to improve it if necessary. A higher score can help you secure better interest rates and loan conditions.
COMPARE MORTGAGE RATES
Don’t settle for the first mortgage quote you receive. Many first-time buyers make the mistake of accepting the initial offer without shopping around. We recommend reaching out to at least three lenders to compare mortgage rates, ensuring you find the best option for your needs..
GET A PRE-APPROVAL LETTER
Once you’ve saved for a down payment, set your budget, improved your credit, and shopped for the best mortgage rates, it’s time to take the next step: securing a pre-approval letter. This letter provides a detailed assessment of your finances and outlines exactly how much a lender is willing to lend you, along with the terms and conditions.
Information subject to change at any time. See a new home sales associate for details.
Our new home specialists are happy to answer your questions and provide you with information about our communities, available homes and floor plans.