Homebuyer Success Formula

Anyone can buy a home as long as they have sufficient cash, can demonstrate financial stability, pay their mortgage on time, and purchase a suitable home.



Cash is the amount of money you have to acquire a home. This usually means having enough money in savings to pay for a down payement and closing costs. As a first time homebuyer, there are state and federal programs available to assist you with these cash requirements.



This is the ability of a borrower to repay a mortgage loan based on income stability. Usually this means having a job(s) that pays a steady income over a period of time.



A borrower’s willingness as exhibited by a credit score to repay a loan based on the borrower’s past performance in paying their bills.



A determination that the home has sufficient value so as to serve as reliable collateral for the mortgage loan.