Your first home isn’t just a place, it’s a milestone!
Buying your first home is an exciting step—and we’re here to help make it smooth, informed, and stress-free. From understanding your options to navigating the process with confidence, our goal is to support you every step of the way as you turn the key to your future.
Steps to Home Ownership!
1. Get Organized
Bring key documents to your loan officer, such as recent pay stubs, bank statements, and tax forms. These help verify your income and assets so your lender can determine eligibility and loan options.
2. Know Your Score
A good credit score improves your approval odds and may qualify you for a lower interest rate. To boost your score, make on-time payments, keep balances low, and leave old accounts open.
3. Estimate How Much You Can Borrow
Get prequalified to see how much you may be able to borrow. After reviewing your income, debts, and assets, your lender will give you an estimate of what price range fits your budget.
4. Get Pre-Approved
You can complete our online application in about 20 minutes. After submission, a Mortgage Loan Officer will contact you to answer questions, request documents, and provide a prequalification valid for 90 days.
5. Understand the Costs
Your monthly mortgage payment includes principal and interest, plus property taxes, insurance, and possibly private mortgage insurance. Expect closing costs of 2–6% of the total loan amount.
6. Find Your Home!
Work closely with your real estate agent and loan officer. Your agent helps find and negotiate your home, while your lender ensures it’s within your financial comfort zone.
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Want to Learn More?
Visit our Mortgage Education Center!
Our Mortgage-teers can help answer many of the questions you have on all Mortgage and Home Loan topics.
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First Time Home Buyers Questions
Contact us at 218-729-7733 (select option 3 for Lending), Mortgages@Centricity.org, or fill out the form below.
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NMLS#
| CentricityCU | NMLS# 712334 |
| Feather Tankersley | NMLS# 1016179 |
| Linda Proctor | NMLS# 343288 |
| Billye Coenen | NMLS# 758779 |
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