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Navigating Your First Home Purchase with Ease and Expertise
Buying your first home is an exciting milestone, but it can also be overwhelming. At Onyx Group Mortgage, we understand that navigating the world of mortgages, down payments, and real estate can be daunting for first-time buyers. Our mission is to empower you with knowledge, personalized guidance, and the right loan options to make your dream of homeownership a reality.
Who are First-Time Home Buyers?
First-time home buyers are individuals or couples who have never owned a home before or haven't owned a home in the past three years. This includes:
Starting their careers and ready to invest in their future.
Seeking a stable and comfortable place to raise their children.
Ready to move from renting to owning their own property.
Downsizing or looking for a change of scenery after their children have moved out.
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Explain the First-Time Home Buyer Loan Programs
We offer a range of loan programs designed specifically for First-time Homebuyers, including:
FHA Loans
Government-backed loans with low down payment options (as low as 3.5%) and flexible credit guidelines.
Conventional Loans
Traditional mortgages with competitive rates and potentially lower private mortgage insurance (PMI) requirements for first-time buyers.
What are the types of First Time Home Buyer Loans?
We offer a diverse selection of loans designed for first-time home buyers:
FHA Loans for First-Time Home Buyers
A popular choice for first-time buyers due to their low down payment requirement (as low as 3.5%) and flexible credit guidelines. FHA loans are insured by the Federal Housing Administration, providing lenders with added security.
Down Payment Assistance
Explore various down payment assistance programs and grants that can help you bridge the gap between your savings and the required down payment.
First-Time Home Buyer Process
We'll help you understand the different mortgage options available and select the best one for your financial situation and goals.
Choosing the Right Mortgage
You're the surviving spouse of a veteran who died in service/from a service-connected disability and have not remarried.
Budgeting for Your First Home
Learn how to create a realistic budget that includes your mortgage payment, property taxes, insurance, and other homeownership expenses.
Home Inspection Tips
Get valuable tips on what to look for during a home inspection to ensure you're making a sound investment.
Mistakes to Avoid
Learn from common first-time home buyer mistakes and avoid pitfalls that could derail your homeownership journey.
Benefits of Working with Onyx Group Mortgage as a First-Time Home Buyer
Partnering with Onyx Group Mortgage provides numerous benefits, including:
Educational Resources
Access our library of informative articles and guides to empower you with knowledge.
Competitive Rates
We offer competitive interest rates to help you save money on your monthly payments.
Tailored Solutions
We'll help you explore various loan programs and find the one that best suits your financial situation and goals.
Streamlined Process
We leverage technology and expertise to make the mortgage application and approval process efficient and stress-free.
Expert Guidance
Our experienced Mortgage Advisors will walk you through every step, answering your questions and providing personalized advice.
Ongoing Support
We're here for you even after closing, providing guidance and support throughout your homeownership journey.
Benefits of Working with Onyx Group Mortgage as a First-Time Home Buyer
Partnering with Onyx Group Mortgage provides numerous benefits, including:
Educational Resources
Access our library of informative articles and guides to empower you with knowledge.
Competitive Rates
We offer competitive interest rates to help you save money on your monthly payments.
Tailored Solutions
We'll help you explore various loan programs and find the one that best suits your financial situation and goals.
Streamlined Process
We leverage technology and expertise to make the mortgage application and approval process efficient and stress-free.
Expert Guidance
Our experienced Mortgage Advisors will walk you through every step, answering your questions and providing personalized advice.
Ongoing Support
We're here for you even after closing, providing guidance and support throughout your homeownership journey.
What are the types of First Time Home Buyers Loans?
Why Choose Onyx Group Mortgage for the First Time Home Buyers?
Onyx Group Mortgage stands out as a premier mortgage lender for first-time homebuyers due to:
Expertise
Our Mortgage Advisors specialize in helping first-time buyers navigate the market and overcome potential challenges.
Personalized Service
We understand that every buyer is unique, and we'll create a customized plan to fit your specific situation and goals.
Communication
We believe in open and honest communication, ensuring you feel confident and informed throughout the process.
Committed
We're dedicated to empowering first-time buyers with the knowledge they need to make sound financial decisions.
Process
We use technology and efficient processes to simplify the loan application and approval process.
Why Choose Onyx Group Mortgage for the First Time Home Buyers?
Onyx Group Mortgage stands out as a premier mortgage lender for first-time homebuyers due to:
Expertise
Our Mortgage Advisors specialize in helping first-time buyers navigate the market and overcome potential challenges.
Personalized Service
We understand that every buyer is unique, and we'll create a customized plan to fit your specific situation and goals.
Communication
We believe in open and honest communication, ensuring you feel confident and informed throughout the process.
Committed
We're dedicated to empowering first-time buyers with the knowledge they need to make sound financial decisions.
Process
We use technology and efficient processes to simplify the loan application and approval process.
Overcoming Common Misconceptions
Many first-time homebuyers fall prey to misconceptions that can hinder their homeownership journey. Let's debunk some of the most common ones:
Myth: I need a 20% down payment.
Many loan programs offer low or even zero down payment options.
Myth: My credit score needs to be perfect.
While a good credit score is helpful, there are loan programs available for those with less-than-perfect credit.
Myth: The home buying process is complicated.
With the right guidance and support, the process can be smooth and manageable.
Complete and Advance Guidelines for First Time Home Buyers
While each loan program has specific eligibility criteria, here are some general tips for first-time buyers:
Improve Your Credit Score:A higher credit score can lead to better loan terms and lower interest rates.
Save for a Down Payment:Aim to save at least 3-5% of the purchase price for a down payment.
Get Pre-Approved:Obtain a pre-approval letter to understand your budget and show sellers you're serious.
Work with a Real Estate Agent:A good agent can help you find the right home and negotiate the best deal.
Get a Home Inspection:Protect yourself by having a thorough home inspection before closing.
Stats of First Time Home Buyers
According to the National Association of Realtors, first-time buyers made up 31% of home purchases in 2023.
The median age of first-time homebuyers is 36 years old.
The most common challenges for first-time buyers are saving for a down payment and qualifying for a mortgage.
Frequently Asked Questions
Anything Unclear or Need Some Help? Relax, We Are Here for You 24/7
Relax and take comfort in knowing that our 24/7 support ensures you're never alone on your financial journey.
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Legal Disclaimer
Onyx Group Mortgage, a division of Ameritrust Mortgage Corporation (NMLS #217229), is located at 17341 Irvine Blvd., Suite 285, Tustin, CA 92780. Please note that Ameritrust Mortgage Corporation does not offer legal, tax, or financial advice, nor is it affiliated with any government agency. www.nmlsconsumeraccess.org.
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NMLS# 397532
(949) 396-1204
17341 Irvine Blvd, Tustin, CA 92780
hello@onyxgroupmortgage.com
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Legal Disclaimer
Onyx Group Mortgage is a division of Ameritrust Mortgage Corporation, NMLS #217229 located at 17341 Irvine Blvd., Suite 285, Tustin, CA 92780. Ameritrust Mortgage Corporation does not provide legal, tax, or financial advice or guidance and is not associated with any government agency. This is not an offer for an extension of credit nor a commitment to lend. Programs, rates, terms, and conditions are subject to change without notice. Certain restrictions may apply. All approvals are subject to underwriting guidelines and minimum credit requirements. Not all loans or products are available in all states. For current licensure information, please visit: www.nmlsconsumeraccess.org.
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