Buying your first home is an exciting time, and you may find the process complicated and intimidating. Get on the right track early with information to help you choose a home and mortgage that best meet your needs.
Building equity is a strong financial reason to buy a home – plus many people enjoy the personal satisfaction of homeownership. However, buying a home is not right for everyone. Renting can provide flexibility to quickly react to career and income changes but doesn't build equity or have the potential tax benefits of homeownership (consult your tax professional for more information).
There's a lot to learn and do once you've decided to buy your first home and you may have a lot of questions, including:
How much can I afford?
How do I prepare for my mortgage application?
How do I make an offer and negotiate the purchase price?
How much cash do I need for my home purchase?
What are the steps from mortgage application to purchase?
Take the next step. Find answers to some of your most important questions.
Pennsylvania : Licensed by the Pennsylvania Department of Banking and Securities under Mortgage Loan Correspondent Lender License #45072, NMLS# - 50211.
South Carolina : DCA Mortgage Broker License NMLS# - MB-1602200.
Tennessee : (Mortgage License# - 115450).
Texas : Licensed by the Texas Department of Savings and Mortgage Lending, License # 1020884.
In Texas - Consumers wishing to file a complaint against a company or a residential mortgage loan originator should complete and send a complaint form to the TEXAS department of savings and mortgage lending, 2601
NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550.
The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for
reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, Please consult the department’s website at