First time homebuyer
Get pre-qualified with Milend. Our seasoned loan officers walk you through each step, making your home purchase easy and stress-free.
We make the mortgage process easy for first-time buyers.
Buying your first home is exciting — complicated mortgage forms aren’t. Our mortgage specialists can make getting into your first home a seamless experience instead of a frustrating one.
How it works
Step 1 Establish your budget with our mortgage calculator.
Use our mortgage calculator to run through different budgets and loan options. Try different terms and see how much money you can save.
Step 2 Get in touch with a MiLend mortgage professional to get prequalified and preapproved.
That’s right. Ge pre-approved before you start shopping for a new home. This way you know which homes are in your price range. It will make the home buying experience easier and more efficient.
Step 3 Find a real estate agent.
Real estate agents love buyers who come to them with a pre-approval letter. If you don’t have an agent already, we’ll help you find one that you can trust.
Step 4 Shop for your first home and make an offer.
With your pre-approval letter in hand, you can start shopping for homes that are within your price range. You’re agent will know which homes make sense for you based on your pre-qualification.
Step 5 Get a home inspection.
Once you find a home you like, it’s time to get a home inspection. This will insure there are no hidden problems. You’ll know what you’re getting into before you buy.
Step 6 Contact your MiLend licensed professional to find the best type of home loan for you.
So now you’ve found the home you want, you have settled on a price. It’s time to start exploring loan options. A 30 year fixed will have the lowest payments, but a 20 year loan will allow you to pay off your home sooner. We’ll make sure you have all the information to make the best decision.
Step 7 Get an appraisal.
Home appraisals are done by third party contractors and neither us nor the real estate agent have any influence on the value the inspector comes up with. It’s an objective estimate of what your new home is worth and may alter the terms of your contract with the seller.
Step 8 Finalize your paperwork.
As you go through escrow, we’ll need to gather income and credit documents. Once the underwriter approves your loan, then it’s time to sign the documents. Your Milend loan officer will arrange it all for you.
Step 9 Close on your first home and move in!
After you’ve signed the loan documents, we’ll close escrow and the agent will give you the keys to your new home. Congratulations, you’re a home owner!