There is nothing more rewarding than to help a person or couple buy their first home! Dominion will take the time to meet with you personally, answer all your questions and make sure you understand the process completely before you purchase your home. Here are some of the typical items you will need to address in purchasing your first home:
• Down Payment: You can purchase a home with FHA financing with as little as 3.5% as a down payment. Conventional or “Fannie Mae” loans can be used with as little a 5% down payment. Both require Mortgage insurance for down payments of less than 20%. Dominion will be happy to explain the benefits of each type of mortgage.
* Credit History: Many times first time homebuyers are curious of how thier credit looks, and if it is good enough to purchase a home. In our Pre-qualification process, Dominion will provide you with a detailed credit report, including credit scores.