Understanding Credit Scores & First-Time Homebuyer Programs – Insights with Sean & Erin Stepp

When it comes to buying a home, understanding your credit score and knowing about first-time homebuyer programs can make a significant difference. Sean, along with Erin Stepp from Fairway Mortgage, our trusted local lender, is here to shed some light on these important topics.

A common question that potential homebuyers have is, "What credit score do I need to qualify for a mortgage?" Erin explains that while the required credit score can vary depending on the lender and the type of loan, generally, a score of 580 or higher is preferred. 

Another popular question is whether there are any special programs for first-time homebuyers. Erin shares that there are indeed several programs designed to help first-time buyers get into their dream homes. These programs often offer benefits such as lower down payments, reduced interest rates, and assistance with closing costs. Some of the most common programs include FHA loans, VA loans for veterans, and USDA loans for rural areas.

Erin emphasizes the importance of consulting with a knowledgeable lender to explore all available options and find the best fit for your financial situation. She is dedicated to helping buyers understand their mortgage options and navigate the complexities of the home-buying process.

If you have any mortgage questions or are ready to explore your home-buying options, Sean encourages you to reach out. He can connect you with Erin to ensure you receive expert guidance and support. With the right information and assistance, you'll be well on your way to finding and financing your perfect home.

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