First-Time Homebuyer Guide
Everything you need to know about buying your first home on the Space Coast
Your Path to Homeownership
Buying your first home is one of the biggest financial decisions you’ll ever make, and it doesn’t have to be overwhelming. Jesse and Andrea have helped countless first-time buyers navigate the process from start to finish. This guide breaks down the basics so you can move forward with confidence.
Steps to Buying Your First Home
Get Pre-Approved
Before you start house hunting, get pre-approved for a mortgage. This tells you exactly how much you can afford and shows sellers you’re a serious buyer. Jesse can typically get you pre-approved within 24 hours.
Find Your Real Estate Agent
Working with a knowledgeable local agent like Andrea ensures you have an advocate who knows the Brevard County market. Your agent will help you find properties that match your needs and budget.
Start House Hunting
With your pre-approval in hand, Andrea will help you tour homes that fit your criteria. The Space Coast offers everything from beachside condos to family homes in established neighborhoods.
Make an Offer
When you find the right home, Andrea will help you craft a competitive offer and negotiate on your behalf.
Loan Processing & Underwriting
Once your offer is accepted, Jesse takes over to finalize your mortgage. He’ll coordinate with the lender, order the appraisal, and keep you updated every step of the way.
Closing Day
Sign the papers, get the keys, and celebrate! Jesse and Andrea will be with you through the entire process to make sure closing goes smoothly.
Loan Options for First-Time Buyers
| Loan Type | Min Down Payment | Min Credit Score | Best For |
|---|---|---|---|
| FHA | 3.5% | 500 | Buyers rebuilding credit |
| Conventional | 3% | 620 | Buyers with strong credit |
| VA | 0% | No minimum | Veterans & active duty |
| DPA Programs | Varies | Varies | Buyers needing down payment help |
Frequently Asked Questions
How much do I need for a down payment?
It depends on the loan type. FHA loans require as little as 3.5% down, conventional loans start at 3%, and VA loans require zero down payment. Plus, there are down payment assistance programs that can help cover your costs.
What credit score do I need?
Jesse works with lenders who accept credit scores as low as 500 for FHA loans. Conventional loans typically require 620 or higher. Don’t let your credit score discourage you, call Jesse to discuss your options.
How long does the process take?
From pre-approval to closing, the average timeline is about 30-45 days. Jesse’s average clear-to-close time is just 14 days, which is well below the industry average.
Do I need to pay for a pre-approval?
No. Getting pre-approved with Jesse is free and comes with no obligation.
Can I buy a home if I’m self-employed?
Absolutely. Jesse offers bank statement loans specifically designed for self-employed borrowers who don’t show traditional W-2 income.
What costs should I expect beyond the down payment?
Closing costs typically run 2-5% of the loan amount. These can include appraisal fees, title insurance, attorney fees, and lender fees. Jesse will provide a detailed estimate upfront so there are no surprises.
Ready to Buy Your First Home?
Jesse and Andrea make the process simple. Call today for a free, no-obligation pre-approval.