Naples First Time Home Buyer Tips

Buying your first home can be both the most exciting and the most terrifying experience you will ever have. With everyone throwing around terms like "closing costs" and "APR" , it's easy to get confused and overwhelmed.

Florida Mortgage Solutions loves helping first time home buyers in Naples, Florida. We are a local lender which means we understand the market conditions as well as the different loan programs available to residents. We take a personal approach and work to find the right loan for you based on your income, credit, and available funds for a down payment. We can help you decide if an FHA Loan, VA Loan, Jumbo Loan or even a Conventional Loan is the right solution for you.

Here are some helpful tips for first time buyers:

  • Getting pre-approved for a home loan is crucial. Not only will most realtors not work with someone who hasn't been pre-approved, it can help you decide how much you can afford each month. 
  • There is not one cookie-cutter solution for everyone. Your down payment and credit scores can have a big impact on the monthly payment as well as whether or not you qualify for a particular loan.
  • It's important to condider whether the area you want to move to has additional fees like HOA dues. This will be paid in addition to the mortgage payment, so you must ensure you can afford the dues.

This is just the tip of the iceberg when it comes to what you will need to consider when you are buying a home for the first time. We want to help make the process as easy as possible for you and give you advice that will save you time and money. We will hold your hand and make sure you are aware of what is going on each step of the way.

To meet with one of our loan specialists and discuss your individual needs, give us a call today 239-260-1240 or fill out our quick online form to get started.