First Time Buyer Tips

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When it comes to diving into home ownership for the first time, it can be overwhelming. Whether you’re getting advice from your real estate agent, your friends, or your family, there are so many things that you just don't know about mortgages and home buying programs.

Fox Valley Mutual Mortgage is a mortgage brokerage based in beautiful Evergreen, CO. We offer first time home buyer loans and can help you navigate these uncharted waters for you. Our years of experience combined with our expertise and attention to detail ensure that your needs are taken care of and that you end up with the best possible mortgage for you. Reach out to our team to get started today!

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Tips For First Time Home Buyers

  • Save for a downpayment

  • Check your credit

  • Speak to a top-rated mortgage broker about prequalification and mortgage options, including first-time home buyer loan programs

  • Choose a reputable real estate agent

  • Narrow down the criteria for your home

  • Determine to stay within your budget

  • Be patient and take your time

  • Get more than one opinion before deciding on a home

  • Prepare for closing and home inspection

  • You're a homeowner!

First Time Buyer Tips

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It's crucial to be prepared for a home purchase. This entails saving for a downpayment and ensuring your credit is in good order. Since it takes time to do both of these things, it's good to prepare at a minimum of at least six months in advance. The more money you have saved for a downpayment, the more affordable your mortgage will be. When it comes to your credit, if you have any blemishes, now is the time to discover them and have them fixed with the credit bureaus.


Before you begin to look at homes, you'll need to know what you can afford. By partnering with a top-rated mortgage broker, such as those at Fox Valley Mutual Mortgage, they will be able to crunch the numbers for you, use the current interest rates on mortgages, and give you a very good idea about what you can afford. This is important because you want to ensure you stay within your budget so that you don't get into a home that may leave your lifestyle lacking in other areas.

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When choosing a real estate agent, you need to find one whom you can trust and who has your best interests at heart. Consider their passion for the industry, their experience, and their honesty. You should check their reputation within the community by talking to others who have worked with that real estate agent, visiting their website and social media sites, and reading any online reviews they may have. Also, ensure you get along well with your real estate agent and that you have a good rapport, which will make your first time home buying experience a pleasure instead of a pain.


Purchasing a home is one of the biggest investments you will make in your lifetime. Thus, you want to be sure you make the right decision, not only for your lifestyle, but also for the future. You'll want to be patient and take your time. Investigate neighborhoods and the surrounding amenities, take a look at the school district if you have kids or are planning to have kids, and look at the surrounding homes in your desired neighborhoods. Will this be a place you can see yourself in five, ten, or more years down the road? Will your home's value appreciate? These are all great things to consider as you look to purchase your first home.

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Buying a home for the future is an incredibly exhilarating expertise and very exciting, especially if you've been saving for a while for a down paymeant. It also can be a very emotional time. It’s entirely possible that you fall in love with a home that may not be the right fit for you, but you can't see that without a different perspective. Instead of going it alone, bring along a friend or family member whose opinion you trust that will be honest with you about the flaws they see in your future home. It’s possible that they may notice something you’ve missed that could make or break the entire deal.


Many people find the home of their dreams and start making plans once they've moved in, only to have those dreams shattered by a home inspection report that revealed major structural flaws with their dream home. Having your future home inspected before you sign on the dotted line has now become a must-do. After all, no one wants to purchase their first home only to find out it has to have thousands of dollars of work done to it on day one.

Once your home inspection is complete, you will have a final walkthrough, which is your last chance to see your new home and find any flaws that may need to be addressed with the seller before you sign on the dotted line. When closing day finally arrives and you've signed the mountain of paperwork, enjoy it! You've worked hard for this so celebrate!


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Choose Fox Valley Mutual Mortgage Today

Fox Valley Mutual Mortgage loves working with first-time home buyers. We are proud to use our expertise to help you find the home of your dreams. When you call us for a free consultation, we'll sit down and go over your goals for a mortgage, what interest rate you are looking for, what mortgage payment you want to aim for, and other details. We pride ourselves on our efficiencies and our honesty. We will crunch the numbers for you and come back with what you can afford. After this pre-approval process, we anxiously await for you to find your dream home. Once an offer is made, we get to work, finding you the most favorable mortgage terms and conditions. Our team loves what we do, and we can't wait to see you in your new home. Contact our Evergreen office today!

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