As a first-time home buyer, it can be hard to know what needs to be done, what type of loan to get, and what documentation you need throughout the process. This is an exciting time in your life and we want to keep it that way. Don’t stress over home loans or a low credit score. Don’t let the process scare you from buying your first home. With our help, buying a home can be fun and exciting, just like it should be.

At Austin’s Lender, we specialize in helping first-time homebuyers. We will help you find the right loan program for you, guide you through the process, and do everything we can to help you get the home of your dreams.

Why Choose Austin’s Lender?

Our team is ready to help, every step of the way. There are several reasons why you should choose to work with our team.

Guidance

At Austin’s Lender, our goal is to guide you through the process and help you understand everything that goes into being a first-time homebuyer. We will help you pick the right loan program for you.

Knowledge

Our team is experienced and experts in what we do. We can help ensure you get the best rate possible with the program that is right for you. We have helped thousands of first-time homebuyers throughout this process and we can help you too!

Dedicated

The team at Austin’s Lender is also passionate about what we do and we want to help you as best we can. We will work with you to find the best rates and the best program. We will also help coach you through fixing items in your credit report, all to help you get the home of your dreams.

At Austin’s Lender, we are direct to the end investor, which means that you will experience fewer overlays and need fewer documents. This makes the process simpler for you and helps you get into your new home quicker.

Our Process

At Austin’s Lender, we have a process that we follow to help first-time homebuyers achieve their goal of becoming homeowners.

1) Pre-Qualify Application and Document Submission
2) Choose Realtor, Find the Perfect Property, and Make An Offer
3) Inspection and Appraisal
4) Final Underwriting, Approval, and Schedule Closing
5) Get Keys

Step 1: The first step of our process is to work on getting pre-qualified and submit all of the documentation needed. We will help you figure out the right loan program for you and tell you which documentation you will need.
Step 2: Once you finish the documentation and pre-qualification application, you will choose your realtor and work on finding the perfect property. Once you do, you will make an offer.
Step 3: If your offer is accepted, you will get an inspection and appraisal of the property.
Step 4: Once the inspection is complete and you will go through the underwriting, approval, and closing process.
Step 5: Congratulations! You are now a homeowner!

Types of Loan Programs

As a first-time home buyer, there are several different loan programs that you could use. These include:

FHA Loans

This loan type is great for first-time homebuyers. FHA loans have less strict requirements, which makes them easier to qualify for. At Austin’s Lender, we offer this loan type all the way down to a 500 credit score. FHA mortgages have a maximum loan-to-value ratio of 96.5% which means the downpayment is only 3.5%. There are many advantages to FHA loans including low-interest rates, higher debt-to-income ratios accepted, adjustable and fixed-rate options, and more.

VA Loans

If you are a veteran, you may be able to qualify for a VA loan. These loans require no down payment or mortgage insurance. This makes them the cheapest type of mortgage available. If you are a veteran, we can help you determine if this is the right loan option for you and figure out if you qualify.

USDA

USDA loans are best for people looking to buy in rural areas. If you are looking to buy your first home in a USDA eligible location, you may qualify for this type of loan, which would allow for no down payment and a low mortgage rate.

Fannie Mae and Freddie Mac

Fannie Mae and Freddie Mac loans are two government sponsored entities that help first-time homebuyers. With a conventional 97 mortgage that a Fannie Mae and Freddie Mac loan can provide, the down payment could be as low as 3%.

If you are looking to buy your first home, let Austin’s Lender help. We can provide you with the knowledge, understanding, and guidance you need throughout the process. Our team can help you find the right loan program for you and allow you to make your homeowner dreams a reality! Contact us today to get started.