New Year, New Home

Now that 2023 has started, it’s time to start thinking about your goals for the new year. If buying a home or saving up for a down payment is one of them, here are some tips to get you going.

Find out how much you can afford. Tools like our Affordability Calculator can help you get a ballpark of what you might be able to afford. Keep in mind, you’ll also need to consider down payment and closing costs, your monthly expenditures (current and future), and a financial cushion for life’s unexpected emergencies.

Talk to a Sierra Pacific Mortgage Loan Officer. If you’re thinking about purchasing a home soon, or want to speak with someone regarding your options, contact one of our local originators here. Not only can they help you determine what your best options are, but they can get you pre-qualified for a home so you can shop more confidently.

Keep on saving. If you’re wanting to save up for a down payment, consider talking to a mortgage professional who can help you put a plan in place to save money for a down payment on a healthy timeline. Don’t give up, you’re almost there!

Figure out what your ideal home attributes are ahead of time. Take some time to think about what your ideal location, commute time, and home qualities are. It’s easy to get won over when looking for homes, but knowing what your “must haves” are, can help you determine what homes are perfect, or deal breakers.

Stay in the know. Staying educated on the home buying process is great for knowing what to expect! Our loan officers are prepared to help you learn more about:

• Mortgage Rates
• Ideal Loan Programs
• The importance of credit and what to improve
• Down payment options
• What costs to expect as a homeowner

Getting ready to buy your own home is an exciting process. Although it may seem complex and overwhelming, our team is able to make the process smooth and enjoyable! Don’t forget to take advantage of all of our. Happy home hunting!