First-Time Buyers

Andy did an amazing job guiding us through the process of purchasing our first home! He made sure we understood each and every step and was there to answer all of our questions. Couldn't recommend him more.

- Darlene W.

Ready to Buy Your First Home?

You will have lots of questions when you are considering buying your first home. We’re here to help you. Let’s get started by answering some of the most popular questions.

Why Should You Buy Your First House

A Forced Savings

You are paying for housing, whether you own or rent. By owning a home, part of your monthly payment pays down the principal of your loan. Think of it as a forced savings account that grows each month.

Save On Your Taxes

As a homeowner, you can deduct the real estate taxes and mortgage interest that you pay as part of your mortgage payment. This lowers your taxable income, making homeownership more affordable for youMany homeowners pay a lower overall tax rate because of this deduction.

Leverage and Appreciation

Buying a home with a small down payment provides you with great leverage to build your wealth over time as your home appreciates. Let’s say you bought a $300,000 home with a 3% down payment of $9,000. If your home appreciates by 2% in a year, your $9,000 investment has earned $6,000 in a year ($300,000 x 2%). Where else can you make a great return on your money and have a home to live in at the same time?

A Hedge Against Inflation

Housing costs, like everything, tend to go up over time due to inflation. When you buy a home, you lock in your housing costs. Additionally, real estate historically has increased a little faster than inflation over the long run.

Buying a Home Today Is Easier Than Ever

As a first-time homebuyer, you don’t need a 20% down payment. There are many loan programs that may be available for you with down payments ranging from 0% to 5%. You may even be able to qualify for a grant to cover some or all your down payment. As an independent mortgage broker with access to hundreds of loan programs from dozens of lenders across the country, we can help you find the lowest cost way for you to own your first home. Some of the most popular programs include:
  • Fannie Mae HomeReady
  • Freddie Mac Home Possible
  • USDA Rural Housing
  • FHA
  • Veterans Administration loans
And dozens of other programs that can be matched to your specific goals.

Begin Your Home Buying Journey Now!

The first step is to complete a quick application online. We can also complete your application over the phone or in person in about 10 minutes.  We will use our Borrow Smart Analysis to quickly find some of the best options for your needs. Call us now at 703.505.2999. We’re conveniently located in Reston, Virginia, and work with homebuyers throughout Virginia and the DC metro area.