Buying Your First Home

Buying a home should be one of the most rewarding experiences in your lifetime and deciding if you’re ready depends on a lot of factors. Whether you’re ready now, or just starting to your search, we’ll help you understand your options and get the right mortgage for your situation.

Nutter takes all the stress out of the home loan process and allows you to focus on what really counts – making a smart home buying decision for you and your situation.

The Basics:

Getting Started

Our Guide to Buying a House is a great resource to help you understand the home buying process and what to expect step by step.

Understanding Your Budget

Knowing how much you can afford can help you feel more confident during your home search. It’s important to examine your current situation and how it could change in the future. Our calculators help you estimate what you can afford, what your monthly payment could be, how much of a down payment you’ll need, difference in loan terms, and so much more.

Learning the Different Types of Mortgage Rates

Before choosing which mortgage option is best for you, one of the most important features to consider is the type of interest rate that will be used - a fixed rate or an adjustable rate.

  • Fixed Rate: the interest rate is set, which means your monthly mortgage payments remain the same for the life of the loan.

  • Adjustable Rate Mortgages (ARMs): the interest rate may “adjust” periodically during the loan term. Your monthly mortgage payment may increase or decrease based on interest rate changes due to market conditions.

Learn more about Fixed Rates vs Adjustable Rates.

Popular Loan Options for First-Time Home Buyers

With so many different mortgages available, choosing one might seem overwhelming. But with a trusted lender like Nutter, who can clearly explain your options, we’ll help find the right mortgage for you. Here are some of the most common types of mortgages:

  • Low down payment requirements, flexible loan terms, and overall the easiest way to qualify for a home loan. An FHA Loan is one of the most popular types of home loans, especially for first-time home buyers.

  • With payment and interest rate stability, a Conventional Loan offers fewer qualifying guidelines set by Fannie Mae and Freddie Mac with multiple loan terms offered, you choose which term works best for you and your situation.

  • With our HomeReady Loan program offers a wide range of borrowers to attain homeownership with a down payment as low as 3%

  • Are you a Veteran or currently serving in the Military? Call to see if you’re eligible for a 0% down VA Loan.

Compare Loan Options to find the right mortgage for you.

Before You Start Shopping for a New Home

Get Preapproved

As a buyer competing in today’s housing market, make your offer stand out with a No Cost Preapproval from Nutter, and here’s why:

  • A Preapproval places you in a strong position and will show sellers that you’re a serious buyer
  • You’ll know how much you can afford and won’t waste your time shopping outside your budget
  • We’ll lock in your rate for 90 days when you get your Preapproval Letter from Nutter
  • With our simple loan process, our underwriting and processing is done in-house, so you can close on time. It’s that quick and easy.

Learn what happens when you apply.

Finding a Real Estate Agent

Buying a home is a big commitment and real estate agents play a large role in the home buying experience, so finding an agent you can trust is important.

Referrals are always the best place to start when looking for an agent. However, if you don’t have any family or friends who recently bought a home in your area - we can help.

At Nutter, we refer our customers to our Realtor Advantage Program which consists of trusted real estate companies that our Loan Officers work closely with, making your home buying process even more seamless. With the right agent and the home loan experts on your side, you are one step closer to buying your first home.

Learn more about finding a real estate agent with Nutter.

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