Top 5 Secrets To Buying A First Home

The journey towards owning your first home can be challenging because you’re investing in a new environment that you’ve not had any experience in. Whether you want to buy a new home to settle with your family or you want an investment property to sell after some time, there are several things and processes that you should get right. Below are the top 5 secrets to buying a first home:

1. Start Saving in Advance

It’s essential to start saving in advance for your home. If you accumulate savings, you won’t face difficulty covering down payment, closing costs and other move-in expenses. If you choose to apply for a home loan in Arizona, you’ll be required to make a down payment depending on the kind of mortgage loan. This down payment usually goes to as little as 3% of the property cost. Arizona home loans also have closing costs that range between 2%-5%. If you start saving in advance, you won’t have a hard time paying for these costs and others like home inspection.  

2. Build Your Credit

Most first-time homebuyers don’t realize the significant role that their credit scores play in their homeownership journey. Having a good credit score will improve your chances of qualifying for a home loan. Arizona lenders can also help you get great interest rates. Therefore, to build a strong credit score, you need to do the following: – Always pay your debts on time – Regularly check for errors in your credit report – Maintain low credit card balances – Pay your debts before the maturity date – Maintain current credit cards open  

3. Compare Mortgage Options

There are many types of Arizona home loans that have different eligibility requirements. Comparing these mortgage options can help you lower your overall homeownership costs. Some of the common mortgage options in Arizona are conventional loans, VA loans, FHA loans, and USDA loans. Choose a favourable mortgage option, and you’ll be good to go.  

4. Compare Mortgage Rates

Arizona home mortgage rates vary from one lender to another. It’s essential to request loan estimates from different lenders and check their interest rates. This will help you get the best deal and thus save money that you would have lost if you didn’t compare the costs.  

5. Find a Good Real Estate Agent

A real estate agent plays a significant role in the home buying process. The agent will assist you in negotiation and provide you with real estate knowledge and tricks to make a sound decision since they’re experienced in the field. You should also pick a home in the right neighbourhood where there’s access to all amenities you need.

A Lending Hand for Financing Home Mortgages

Spire Financial (A Division of AmeriFirst Financial Inc.) brings lending expertise to you. All of our loan officers offer personalized communication for every client, guiding them through the process. We can show you ways to maximize your finances and unlock future opportunities. Spire Financial keeps you in control of refinancing, debt consolidation, and home equity. Together, we can achieve your financial goals.



Spire Financial, a division of AmeriFirst Financial, Inc., 1550 E. McKellips Road, Suite 117, Mesa, AZ 85203 (NMLS # 145368). 303-595-0110. © 2022. All Rights Reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without prior notice. All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. AmeriFirst Financial, Inc. is an independent mortgage lender and is not affiliated with the Department of Housing and Urban Development or the Federal Housing Administration. Not intended for legal or financial advice. Visit for all state licenses information. Visit NMLS Consumer Access at

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