invest in your future.
Buying your first home is an exciting and transformative experience – especially for first time home buyers in Arizona. The Grand Canyon State offers a great blend of busy cities and serene landscapes making it one of the best places in the United States to call home.
Whether you’re ready to leave renting behind or invest in your future, Scout Mortgage is here to guide you every step of the way. We’ll help you work through the challenges of buying your first house by offering our expertise and unique understanding of the local area.
From navigating the confusing financing process, to inspections, paperwork, and more – we have the experience you need when buying a house in Arizona
Why Buy Your First Home?
Owning a home is not just about having a place to live; it’s about creating a space that is uniquely yours. This is at the heart of what we do and as you make your way through this journey, our team at Scout Mortgage is here to help. As a homeowner, you can:
Build Equity
Each mortgage payment helps you build equity in an asset that can appreciate over time. With rent, you’re lining someone else’s pockets and helping them achieve their dream while you just get by.
Stability
Enjoy the peace of mind that comes with having a permanent place to call home. You don’t have to worry about rent increases or lease renewals, your home is truly yours
Personalization
Make changes and renovations to suit your style and needs without restrictions.
Investment Opportunity
Take advantage of the real estate market for potential investment returns in the future. We want you to love your home, but of the best tips for first time home buyers is to always purchase with resale value in mind. Your home can not only serve as a great place to raise your family – but can become a valuable asset in the long term.
step by step.
Step by Step: Buying a House for the First-Time in Arizona
A big part of our first-time home buyer guide is understanding the steps involved in purchasing your first home. There are some unique factors that first-time buyers need to keep in mind because your situation is a little different. Let’s discuss it.
1. Get Pre-Approved for a Mortgage Loan
Before you begin house hunting, it’s essential to get a grasp on your financial situation and get pre-approved for a mortgage loan. During the pre-approval process, the Scout Mortgage team of mortgage experts will help you:
Set a Budgt
Determine how much you can afford. Determine the amount of down payment and additional funds you will need to finalize your purchase. Our team will also help you understand additional costs like property taxes, homeowner’s insurance, maintenance, and utilities.
Credit Score
Check your credit score and understand how it can affect available loan options and the interest rate on your loan.
We highly recommend going through the pre-approval process before shopping for homes or talking with real estate agents. In many cases, realtors will want to see that you are pre-approved so they know you can afford the homes you’re interested in. You can learn more and apply for financing here!
2. Explore Financing Options
Buying a house in Arizona affords you numerous financing options, some that specifically apply specifically to first-time homebuyers. Scout’s team of experienced and trusted mortgage brokers are here to help you understand which option suits your unique situation best.
3. Find a Trusted Real Estate Agent
Partnering with an experienced real estate agent can make all the difference. They’ll help you navigate the market, understand listings, and negotiate offers to ensure you get the best deal. If you need a recommendation, we would be happy to assist you in finding a Realtor.
4. Start Your Home Search
What’s on your wish list? Consider factors like location, home size, amenities, and proximity to schools and workplaces.
5. Make an Offer
Once you find your dream home, it’s time to make an offer! Your agent will help you put together an attractive offer and navigate the bidding process. Scout Mortgage will put together the Mortgage Pre-Approval paperwork so that the Seller knows they are dealing with a well-qualified home buyer
6. Close the Deal
Congratulations! You’ve entered a contract to buy your new home. During the closing process, you’ll finalize approval of your mortgage, conduct inspections, and ensure all paperwork is complete.
Ready to Become an Arizona First Time Home Buyer?
Your dream home is waiting. Let our team of experts at Scout Mortgage help you turn that dream into a reality. Contact us today to get started on your exciting journey to homeownership!