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Savvy Mortgage First-Time-Homebuyer-1
First Time Homebuyer

Homeownership can be easier and more affordable than you might think – even for the First Time Homebuyer.

Why pay someone else’s mortgage? Stop paying rent and invest in your future!

Being a first time homebuyer means you can stop stressing about rising rents, or your landlord selling the property you live in forcing you to move when it’s not convenient for you.   

You might have heard that you need to put down at least 20% of the loan amount you’re requesting to get a mortgage. The reality is you may be able to purchase a home with a low down payment of just 3%!

The initial costs of home ownership might seem like a big expense to a first time buyer. In the long run the investment pays off. Monthly payments including taxes, homeowners insurance, and mortgage insurance, for buyers with less than 20% to put down, are often less than your monthly rent! Plus, there are tax incentives for home buyers.

Homeownership is a great way to build your equity and investment portfolio. Homeownership also provides stability – you can plan for the future based on your mortgage. If you choose to sell your home in the future, you can use the profits to purchase another home. Or when you pay-off your loan, you’ll be able to live mortgage-free.

There are a variety of mortgage types to choose from. Each has its advantages. The Savvy Team can guide you in finding out more about which is right for you. To find a monthly payment that works with your budget, you can choose from 10, 15, 20, or even 30-year mortgages. Our team can work with you to find a monthly payment that works with your budget.

Learn more about conventional low down payment mortgages.

The mortgage experts at Savvy will educate you about your first-time buyer options. They will share their knowledge to help you make the right decision as you enter the world of homeownership.

Loan Guidance

The Savvy Mortgage team is well-versed in these types of loans and can offer you their expert guidance about all factors you should consider. They will make sure you have all the information to decide which is the right approach to home ownership for you.

What You Can Expect as a Savvy Client:

Eileen, Tracie, and their team will work with you to help you identify the right loan for your needs.

Throughout the process you’ll receive the excellent customer service and support Savvy is known for.

Savvy will be by your side, guiding you every step of the way:

  • Complete our simple loan qualifier survey
  • We’ll send you customized information about your best options
  • We’ll work with you to compare mortgage terms and rates to find the right one for you