FDIC-Insured - Backed by the full faith and credit of the U.S. Government Spring Homebuying Tips
If you’re feeling unsettled about shopping for a home this spring, you’re not alone. It’s no secret that the market has faced ups and downs. However, when the window of opportunity presents itself, it’s best to be ready. Check out our tips to get a leg up when shopping for a home this spring.
Get pre-qualified for a loan
This could give you a sharp advantage over other buyers. It shows that you are ready and willing to purchase a home making your offer more attractive to sellers. This process also helps you more keenly understand your budget and shop more accurately for your price range.
Check for homebuyer assistance programs
Coming up with the money for a down payment can be a big obstacle for new homebuyers. But there are dozens of programs designed to help people overcome this hurdle. For example, there are programs for people working in certain fields, like law enforcement, health care, or other public service employees. Or, programs for people who are buying in a particular neighborhood or county. Talk to your loan officer to see if you qualify for a special program.
Start using online tools
Skip the packed weekend driving from one open house to another. Save yourself the valuable time and take virtual tours of properties instead. When time is of the essence, reserve in-person home tours for the ones that you are very serious about.
Improve your credit score
Your credit score will be a direct factor to the mortgage interest rate that you qualify for. A better interest rate could potentially save you thousands of dollars over time. Even if you are only entertaining the thought of buying a home this spring, start your credit improvement journey now. It can take months for credit agencies to change your score, so get a jump on credit improvement well before you are ready to shop.
Questions about getting started this spring? Visit primisbank.com/mortgage and start your journey.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All loans are subject to approval and additional terms and conditions may apply. Primis Mortgage is an Equal Housing Lender and is a subsidiary of Primis Bank. Primis Mortgage NMLS #1894879 (www.nmlsconsumeraccess.org).