First-Time Home Buyer Guide

Embarking on the journey of buying your first home can be a thrilling, albeit daunting experience. At Impact Mortgage Group, we're committed to making this journey as smooth and understandable as possible. Here's a step-by-step guide to help you navigate the path to homeownership with confidence.


Assess Your Financial Situation

Start by understanding your current financial situation. Look at your savings, income, debts, and credit score. This will help you determine how much you can afford to spend on a home and what kind of mortgage payment fits into your budget.


Understand Your Mortgage Options

There are various types of mortgages available, each with their own requirements and benefits. Do some research on conventional loans, FHA loans, USDA loans, and VA loans if you're a veteran or active service member. A mortgage advisor can help you understand which option is best for you.


Get Pre-Approved for a Mortgage

Before you start house hunting, it's a good idea to get pre-approved for a mortgage. This will give you a clearer idea of how much a lender is willing to loan you, which can guide your home search and make your offer more attractive to sellers.


Find a Real Estate Agent

A real estate agent can be a valuable partner in your home buying journey. They can help you find homes that fit your needs, negotiate with sellers, and guide you through the paperwork involved in buying a home.


Start House Hunting

Now comes the exciting part - looking for your dream home! Take your time to explore different neighborhoods and homes. Remember to consider factors like location, size, amenities, and potential for appreciation.


Make an Offer

Once you've found a home you love, your real estate agent will help you make a competitive offer. If your offer is accepted, you'll enter into a contract that outlines the terms of the sale.


Home Inspection and Appraisal

After your offer is accepted, you'll need to get a home inspection and appraisal. These ensure that the home is in good condition and that you're paying a fair price.



Closing is the final step in the home buying process. You'll review and sign a lot of documents, pay closing costs and the down payment, and finally receive the keys to your new home!

At Impact Mortgage Group, we're here to support first-time home buyers every step of the way. Our team is ready to provide you with the knowledge and resources you need to make informed decisions on your journey to homeownership.

Please note: This information is provided as a guide and is not intended to replace professional real estate or financial advice. Always consult with a licensed real estate professional and financial advisor for assistance with your specific situation.