A common misconception is that buying a home is more expensive than renting. In our continuing environment of record low interest rates this is most often not true. In fact, many mortgages offer lower monthly payments than renting – allowing your housing dollars to be earning equity for you!

We realize that first time homebuyers are often nervous about taking such a large step, after all, homeownership is a much bigger commitment than renting. If you are concerned about timing, we can help guide you to plan for the right time.

Our experienced Loan Originators are available to answer any questions you may have about home ownership. In the words of Mark Twain, “Buy land, they aren’t making it anymore.”

Costs of Purchasing:

  • Down payments can vary greatly depending on the type of loan, typically 3%-30% of the purchase price
  • Mortgage Insurance may apply with down payments of less than 20%
  • Closing costs typically range from 2%-6% of the loan amount

On-going Costs of Homeownership, if applicable:

  • Monthly mortgage payment
  • Homeowners insurance
  • Mortgage insurance
  • Flood insurance
  • Property taxes
  • Utilities
  • Maintenance

How Much Home Can I Buy?

Knowing how much buying power you have prior to beginning your home search can save you time and increase your credibility when negotiating. Let us work up a Pre-qualification Letter for you and your agent!


Mortgage Calculators

Use our Mortgage Calculators to give you an idea of what to expect cost-wise.

Both Jackie and Robin were very helpful and always available to answer questions I had. Thank you for making this process as smooth as it could be.

Nicole S.

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