Space Age Credit Union Can Help You Find a Mortgage–Including as a First-Time Home Buyer
If you’re on the hunt for a first-time home buyer loan in Aurora, CO or beyond, then your first call should be to Space Age Credit Union. Our lending experts consider your individual situation and work hard to find the best loan for you. Keep these tips in mind as you start your home buying journey so the process can go even smoother for you:
- Assess your down payment options: You may be surprised to know many mortgage programs offer low down payment options, including with FHA and VA loans. This means a mortgage may be closer than you think and without requiring a massive down payment.
- Don’t forget closing costs: When you close on a mortgage it requires certain fees, such as attorney fees, lenders fees, appraisals, and more. All of these costs lumped together are referred to as closing costs and must be paid at the time of closing, so it’s a smart idea to start setting aside savings for this.
- Understand your first-time home buyer loan options: Picking the right mortgage option is essential for your home buying goals and budget. You can find several government-backed loans that work with those with lower credit scores, military families, or low-income borrowers. Loan options may include conventional, FHA, VA,
USDA, or others, but work with a trusted mortgage partner like Space Age Credit Union to learn more about your options.
- Gather your paperwork: Applying for a mortgage means submitting lots of documents. You can make the process easier by gathering information ahead of time, such as the last two years of your W-2s, most recent pay stubs, two months of bank statements, and other documents needed.
If you’re searching for a first-time home buyer loan in Aurora, CO or beyond, make Space Age Credit Union your first call. Our lending experts can take the overwhelm out of the mortgage process and get you into the home of your dreams.
