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How to Buy Your First Home

Buying your first home is an important milestone and major financial decision. Explore the ins and outs of mortgages – including terms to know and what to expect during the mortgage application process – to get prepared.

9 Resources

How to Buy Your First Home
1.
Couple meeting with real estate agent in front of home

First-Time Homebuyer Tips

Looking to buy your first home but don’t know where to start? There are many steps involved in buying a house and all of them are important. We’ll...

12 min read

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2.
Icon depicting a home

How Much Down Payment Do You Need?

Watch to learn how much down payment you need for a mortgage.

01:01 min

3.
Icon depicting a jar for savings

Mortgage Down Payment Calculator

Your down payment is a critical piece in the homebuying process and will help determine how much house you can afford.

3 min read

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4.
Icon depicting an online search for a new home

5 Tips to Make Applying for Your First Mortgage Easier

Shopping for your first home can be intimidating. Here are 5 things you can do to simplify the process.

01:32 min

5.
Young woman sitting on the floor studying and working on the laptop

A Guide to Understanding Mortgages

This in-depth guide covers all the mortgage essentials, from pre-qualifying to closing day to help guide you through all the steps of the homebuying p...

10 min read

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6.
Icon depicting a home and bills

What’s the Difference between Mortgage Pre-Qualification and Pre-Approval?

When searching for a new home, especially in a competitive market, consider getting prequalified or pre-approved to show sellers you’re ready — an...

01:17 min

7.
An icon depicting private mortgage insurance

What is PMI?

Lenders will typically require Private Mortgage Insurance (PMI) in most cases where your down payment is less than 20%.

00:58 min

8.
Getting Keys to the New House

Getting a Mortgage: What to Expect From Closing

Buying a home? Learn everything you need to know about a mortgage closing, including the mortgage closing process and the mortgage documents you need.

8 min read

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9.
couple buying first home

What to Look for in a New Home (and What to Ignore)

Use this checklist for help prioritizing, asking the right questions, and identifying potential issues that could cause problems and cost you money in...

5 min read

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Disclaimers

This information provided is for informational purposes only and does not substitute consultation with a legal, tax, or investment professional for important financial decisions. Laurel Road assumes no liability for loss or damage incurred by use of the information provided. Please visit laurelroad.com for full product details, terms and conditions.

All Laurel Road lending products are subject to credit approval.