First Time Home Buyers

Buying Your First Home Starts Here
As a first-time homebuyer, getting a mortgage can be an overwhelming experience. Here are some key steps to follow to make the process easier:
Determine your budget: Before applying for a mortgage, you should have a clear idea of how much you can afford to spend on a home. This will help you narrow down your search and ensure that you don't end up with a mortgage that's too expensive for you to handle.
Check your credit score: Your credit score is one of the most important factors that lenders consider when deciding whether to approve your mortgage application. Make sure your credit score is in good shape before applying for a mortgage.
Get pre-approved for a mortgage: Getting pre-approved for a mortgage will give you a clear idea of how much you can afford to borrow and what your payments will be. Having a pre-approval letter in hand will let realtors and sellers know that you are serious about buying a home.
Understand the different types of mortgages: There are many different types of mortgages available, each with its own set of pros and cons. Make sure you understand the differences between fixed-rate mortgages, adjustable-rate mortgages, and other types of mortgages before choosing one.
Work with your Belleair Mortgage representative who can guide you through the process and help you make informed decisions about your mortgage.
By following these steps, you can make the process of getting a mortgage as a first-time homebuyer less daunting and more manageable.
Apply Now

Frequently asked questions

How much can I borrow?
The amount you can borrow for a mortgage depends on several factors, such as your income, credit score, debt-to-income ratio, and the value of the property you want to buy. Lenders use these factors to determine your ability to repay the loan.
As a general rule, most lenders require that your monthly mortgage payment, including principal, interest, taxes, and insurance, does not exceed 28% to 36% of your gross monthly income. This is known as the debt-to-income ratio (DTI).
Additionally, lenders will also look at your credit score and credit history to determine your creditworthiness. The higher your credit score, the better your chances of getting approved for a larger loan amount.
It's best to speak with your Belleair Mortgage representative to determine how much you can borrow for a mortgage based on your individual financial situation. They can also help you explore your options and find the best mortgage product for your needs.
How do I know which mortgage is the best fit?
Choosing the best mortgage for your needs can be a complex decision that depends on several factors. Here are some steps you can take to help you decide which mortgage is the best fit for you:
Determine your budget: Before applying for a mortgage, you should have a good understanding of your financial situation, including your income, expenses, and debts. This will help you determine how much you can afford to spend on your monthly mortgage payments.
Consider your goals: Are you looking for a mortgage with a low interest rate or a low monthly payment? Do you want to pay off your mortgage as quickly as possible? Do you plan to stay in your home for a long time or are you looking to move in a few years? Your goals will help you determine which type of mortgage is best for you.
Research mortgage options: There are many different types of mortgages available, including fixed-rate mortgages, adjustable-rate mortgages, FHA loans, VA loans, and more. Researching these options and understanding the pros and cons of each can help you make an informed decision.
Get pre-approved: Before you start house hunting, it's a good idea to get pre-approved for a mortgage. This will give you a better idea of how much you can afford to spend and help you narrow down your search.

How can you help me get a mortgage?
It's easy to get started! Simply click the secure link below:
Apply Now

Home Buying Process

01.
Get preapproved for a mortgage
02.
Find the right home and make an offer
03.
Submit a mortgage application along with other documents including paystubs, bank statements, etc.
04.
Receive a closing disclosure and schedule the closing.

Speak to an expert mortgage adviser today Give us a call at (727) 228-0460


Mortgage companies are required by law to comply with fair housing regulations that prohibit discrimination based on race, color, national origin, religion, sex, familial status, and disability.
When applying for a mortgage, the company should provide you with a fair housing disclosure that explains your rights under the Fair Housing Act, which is a federal law that prohibits discrimination in the sale, rental, and financing of housing based on the aforementioned protected classes. The disclosure may also provide information about how the company will comply with fair housing laws and regulations.
It is important to review the fair housing disclosure carefully and to ask any questions you may have. If you feel that you have been discriminated against by a mortgage company, you may file a complaint with the U.S. Department of Housing and Urban Development or with your state's fair housing agency. Belleair Mortgage, LLC 2023. All rights reserved. NMLS#2084331