If you're a first-time homebuyer, it's normal to have questions. We'll walk you through the process step by step - clearly, honestly, and at your pace.
A first-time homebuyer isn't always someone who has never owned a home before. In many cases, buyers who haven't owned in several years or who are purchasing on their own for the first time may still qualify as first-time buyers. Understanding how this definition works can open up more options than you might expect.
Helpful resources for first-time buyers:
The homebuying process follows a clear path, even if it feels confusing at first. From your initial conversation to closing day, each step builds on the one before it. Knowing what comes next - and where your lender supports you - can make the entire experience feel more manageable.
Learn more about each step of the process:
Affordability isn't just about the price of the home, it's about what feels comfortable for your monthly budget. Factors like income, existing debt, interest rates, and lifestyle goals all play a role. This is one of the most important conversations we have with first-time buyers.
Resources to help you understand affordability:
You don't need perfect credit or a 20% down payment to buy your first home. Many buyers are surprised by how flexible today's options can be. Understanding credit requirements, down payments, closing costs, and mortgage insurance upfront helps prevent surprises later.
Learn more about common costs and requirements:
There's no one-size-fits-all mortgage. First-time buyers may qualify for different loan types depending on their financial picture and goals. Exploring these options with guidance helps ensure you choose a loan that supports your long-term plans.
Explore common mortgage options:
Local markets matter. Buying a home in Maine or New Hampshire comes with unique considerations, from inventory levels to seasonal trends. Working with a lender who understands the local landscape can make a meaningful difference throughout the process.
Local guidance for Maine and New Hampshire buyers:
Many first-time buyers run into challenges simply because they didn't know what to expect. From timing missteps to financial changes during the process, these are issues we help our clients avoid by planning ahead and staying connected.
Common mistakes we help buyers avoid:
Our role is to guide you through the mortgage process with clarity, honesty, and responsiveness. We take the time to explain your options, answer questions as they come up, and support you from your first conversation through closing and beyond.
Learn more about Acadia Lending Group and our approach to helping first-time buyers.
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