First-Time Buyers

First Time Home Buyers of Moses Lake Real Estate

Dreaming of owning your first home in the Moses Lake real estate area? Tired of paying for someone else's mortgage? We are here to help you get into a place you can truly call your own.

So where do you start?

First of all, learn the financing basics. Get pre-approved and become a smart shopper. Learn more about pre-approvals from our home buying seminar affiliate and their article on the difference between being pre-approved and just being qualified.

When you buy your first home, making monthly payments probably won't be a problem. After all, you're already paying rent to your landlord each month. It's coming up with the lump sum needed for a down-payment that may seem impossible. But you do need to know that there are more responsibilities than just the mortgage. Mortgage payments may include interest, taxes and insurance. 

Programs for first-time buyers. There are several local or federal government programs that help first time buyers get into the housing market. Even though programs have come and gone and situations might be a little tighter right now, feds are always trying to come up with programs and way people can own homes and aquire something of their own. Check with a lender you trust for the latest programs or even contact one of our agents for help and direction.

Your lender. Your bank or credit union may help as well. Are you debt free and own something free and clear, like a car? Your lender may lend you the down-payment by securing it against this asset. Be sure and find someone you trust and that you understand all the issues and responsibilities surrounding the loan. Too many people jump into loans without knowing all the details and it can derail as we are seeing in the mortgage industry right now.

Private contracts. Look for a seller to help you buy and finance your home. Some sellers are willing to carry the contract themselves and will waive the down payment. You may only have to pay the monthly mortgage installments.

Need financial solutions?

Credit or tax problems. Do you have problems with your credit rating or owe money in taxes? Buying your first home is still a possibility. Check with your lending institution about options, such as paying a higher down- payment.

  • If necessary, contact a financial advisor or tax resolution service.

  • Are you looking to buy a home or pay off existing debts? Try taking out a mortgage loan keeping your home as the collateral. Get free counseling from a mortgage community on which loan is right for you.

MORE HELP FOR FIRST TIME BUYERS: High Desert Realtors serving all Southern Idaho real estate. With offices in Idaho Falls, Swan Valley and Island Park, we help buyers and sellers of all Pocatello real estate, Blackfoot real estate and surrounding counties. Great Falls Realty serving all Great Falls Montana Real Estate in and around Cascade County. We are experts in buying and selling all Great Falls real estate including Sun River, Black Eagle and Vaughn. The Alamo/Nelson Team is your source for excellent service in the Alamogordo real estate region. With buyers and sellers agents available, you can be sure your real estate transaction will be carried out with honestly and dedication to your specific need. We have excellent connections in Sedona real estate area for all buyers and sellers of condos and homes in Sedona.  For all Southern Utah real estate contact the Porter Team.  Feel free to visit these sites for more valuable real estate information.

Your expert in Moses Lake real estate including all Soap Lake and Ephrata real estate. We can help you buy and sell all Moses Lake Washington real estate.