Buyers

Our group of real estate professionals are prepared to direct you through the home-purchasing process. We are quick and proficient in everything we do throughout the real estate process and will offer assistance to you. The DH Citadel Real Estate team makes it easy for you. We look forward to hearing from you. Thank you.

Steps to Buying a Home

Step 1: Check your credit report and score

It’s smart to check your credit report. By law, you can get a free report once a year. The higher your credit score, the lower the interest rate on your mortgage. Scores are based on:

• Payment history: Have you paid your bills on time?
• Amounts owed: What is your overall debt?
• Length of credit history: How long have you been borrowing money? Mortgage lenders like to see a long credit history.
• New credit: Have you applied for new credit?
• Types of credit: Lenders like to see a variety of types such as bank cards, car loans and student loans.

Step 2: Figure out how much you can afford

Or better yet, decide how much you’re willing to pay. Just because you can qualify for a larger mortgage doesn’t mean you want to have that kind of payment each month. Now is also a good time to research your housing market and start going to open houses in your prospective neighborhood to give you a good sense of what your money will get you.

Step 3: Find a real estate agent

This person will be your lifeline through the process. Your agent is your chief advocate, confidante and hand-holder in the process, so you want to find a good fit.

Step 4: Get pre-approved by a lender

It’s a smart move to get pre-approved for a loan early in your home search.  If you get in a multiple-offer scenario, being pre-approved may give you an edge because the seller will have more confidence that you will be approved for a loan large enough to purchase their home.

You are not obligated to get a loan from the lender who you get a mortgage pre-approval from. When it’s time to officially apply for a mortgage, it’s best to get loan estimates from at least three lenders to compare their interest rates and fees.

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