Homebuyer’s Guide

Be Prepared When Buying a Home

It’s important to be prepared when buying a home. To help you in doing so, we have assembled information to guide you through the home buying process. If you have any questions concerning the home loan process, please contact your Premier Home Mortgage Loan Expert who is on standby ready to assist you with your home mortgage needs.

Download the Homebuyer’s Guide

Step 1: Planning For Success

Before you start searching for a home, it makes sense to have a solid home buying plan in place. It’s important that you know certain things, like why you want to own a home, what price can you afford, your home buying options, who will you work with, etc.

Step 2: Understanding Mortgage Rates

  • What should I do first? First, consider whether you want to buy a home based on your personal situation. Understanding the benefits of owning, including the potential tax adjustments, is a good place to start.
  • How much can you afford? If you decide to buy a home, the next question would be to find out how much house you can afford. Creating a home buying budget can help you set realistic goals.
  • What type of house? Once you have a budget in place, consider the different types of housing options.
  • Who can help? Premier Nationwide Lending will be here for you every step of the way.

Once you have the home buying plan in place, you’ll need to spend some time in understanding mortgage rates, discount points, and annual percentage rates (APR), among other things. Mortgage interest rates may vary widely depending on a number of factors and your choices can help you get the lowest rate possible. Loans for Low-Income Homebuyers -

  • Choosing between a fixed or adjustable rate is an important decision that you’ll need to make when you select a mortgage.
  • Shorter terms tend to produce lower interest rates.
  • Paying discount points upfront can help lower your interest rate over time.

Depending on your personal situation, there may be a number of additional ways to lower your interest rate. If your state or local government considers you to be a low-income homebuyer, you may be eligible for the special low-rate loan programs. Your Premier representative will be happy to assist you in one of our Down Payment Assistance programs.

Step 3: Getting Organized

Get organized by knowing your credit history, gathering together your personal financial information, and learning more about the different types of mortgages and rates that are available. Getting ready ahead of time will help the process move quickly and smoothly. Take the following steps before you begin the prequalification process.

Step 4: Contact Us

  • Review your history: It’s a good idea to understand your credit score and review your credit history at the beginning of the process. Even if you have less-than-perfect credit, you may still qualify for a mortgage.
  • Gather your financial records: Premier will require specific financial records to approve and process your loan.

Before you start shopping for a house, talk to a Premier Nationwide Lending loan officer. They can provide you with valuable advice about the home buying and mortgage processes, and can help you get qualified for a loan. They can explain all of the rate and discount points, and help you consider all of your financing options.

Step 5: Find a Home

  • Advice you can count on. Your Premier Nationwide Lending loan officer has experience in working with all types of homebuyers needs. They can help you find the right loan to fit the needs of you and your family.
  • The importance of prequalification. When you get prequalified, you aren’t actually applying for a mortgage, but asking a lender to help you create a reasonable home-shopping budget.

Now that you’ve established a home-buying budget, the next step is to find a house. Premier can give you advice on making an offer and when to apply for your mortgage. To make your search easier, Premier can provide you with a Homebuyer Checklist to help you keep track of the properties you visit. By checking off the specific features of each home you visit, you’ll find it easier to compare your choices when it’s time to make your final decision. But before you begin your search, you’ll need to make a few key decisions.

  • What do you want in a home?
  • How many bedrooms do you need?
  • Do you require a garage or a basement?
  • What kind of schools are in the area?

Will You Work With a Real Estate Agent? Many homebuyers choose to work with a real estate agent to find a home. Since finding a home, negotiating the contract and closing the deal is such an important process, an experienced agent can provide guidance to help you avoid potential pitfalls. A reputable buyer’s agent should have vast knowledge of the real estate, price trends and neighborhood conditions. The agent will help you shop for your home, tour properties and be your negotiator, if bargaining over price is necessary. Who Is a Buyer’s Agent? A buyer’s agent is a real estate agent who represents only you and the purchase of your home. Be sure that you understand whom the agent is representing in a transaction. Remember that a seller’s agent is working for the seller - not you. Buyers are interested in getting the lowest price possible. If you decide to use a real estate agent, you should take great care in selecting one who meets your needs.

  • As a buyer, there’s typically no cost to you in working with a buyer’s agent.
  • Typically, the buyer’s agent receives part of the commission paid by the seller upon the sale of the home.

Step 6: The Road to Closing

You’ll need to make a number of important decisions between applying for a mortgage and closing the sale. Premier can help you prepare. The “closing” occurs when the finalized loan documents are signed and the mortgage funds are disbursed. At this time, you will officially own your home! It is important to understand what happens in the closing process before you get to it. This ensures everything is in place for a smooth closing.

Step 7: Service Continues

Once your home purchase is complete, our Premier Nationwide Lending mortgage representatives will be available to answer all of your questions during the life of your mortgage. Premier Nationwide Lending will be your Lender for Life.



Loan Center

Checklist

What you will need to ensure a smooth home mortgage process.

Loan Options

There are several loan options available when purchasing a home.

Down Payment Assistance

Find out more about special programs and who qualifies.

Calculator

Wondering how much you can finance?

Testimonials

Premier Nationwide Lending has completely exceeded our expectations in the home loan process. We are building our 3rd home and they have gone above and beyond to ensure the best loan product for our needs, as well as saved us a lot of money! When the builder’s lender said a loan was not available, Premier Nationwide Lending’s loan officer worked hard to find that it was indeed available and made it a reality for our family. Words cannot accurately express our gratitude for having been introduced to Premier. Our loan officer was a complete pleasure to work with and someone you can trust with such an important decision!

Mark & Deanna H. - Homebuyer

I’ve been a successful Realtor for 28 years with one of the largest firms in the country. I met a loan officer with Premier several years ago at a seminar and was very impressed with her knowledge of buyer assistance programs, etc. I referred her to several of my first time Buyers and found her to be excellent. Every client that I referred her to was pleased with the process and the service and spoke very highly of her. Her communication skills, her attention to detail, her knowledge of the process, her commitment to getting the job done in a timely manner cannot be matched. Her staff and her processer are the best. I give her name to all of my Buyers, in all price ranges, and highly recommend they talk with her about their new purchase. I have worked with many loan officers over the years and Premier is the best I’ve EVER worked with.

Gerry J. - REALTOR

What a dynamic team of supporting and knowledgeable professionals! Each of my experiences with Premier Nationwide Lending has been nothing short of excellent. When they say, “We pride ourselves in delivering the industry’s best service and experiences,” they mean every word. Thank you for standing consistently behind your commitment. I eagerly look forward to doing more business in the future.

Vanja G. - Homebuyer

Thank you so much, Premier Nationwide Lending, for helping my family move into our dream home! Your hard work and dedication speaks volumes about your personal character. Although we never met in person, you still made a wonderful imprint in our hearts. Thank you for the late nights, patience, timeliness, guidance and thorough explanations throughout our first home buying experience. We definitely couldn’t have done it without you! Premier Nationwide Lending has a “Genuine” on their team, who we just so happened to be referred to. God is Good!

Carlo & Yvonne S. - Homebuyer

I cannot speak highly enough of my experience with Premier Nationwide Lending! I am still in awe of how easy these individuals made the loan process. All my questions and concerns were addressed in a timely manner with a wealth of expert knowledge. I was given the same personal attention one would expect from a local lender. You would have never known that I was working with a lender half a state away. I can say, without a doubt, that when the time comes to buy a new home I will return to Premier Nationwide Lending.

Stephanie B. - Homebuyer

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