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realtor handing keys to new homeowners

First-Time Homebuyer Tips & FAQs

Personal Banking

ready to buy your first home?

It’s important to be prepared when navigating new territory. To make your experience a little less nerve-wracking, we have compiled the following first-time homebuyer tips. If you're looking to purchase a home in Pennsylvania, New Jersey, Delaware, or Ohio, you may find these tips particularly useful in your home buying journey.

young man using his smart phone to make a purchase
BUDGETING

Appreciating how much home you can afford is a major step in the home-buying process and it's easily accomplished by getting pre-qualified.

HOME AND LENDER SEARCH

Once you have established an acceptable budget, you can begin the search for:

A real estate agent

Your perfect home

The best mortgage solution

young couple touring a potential house for sale
FIND A REAL ESTATE AGENT

When looking for the perfect home at a price you can afford, a real estate agent is a huge asset. The purpose of a real estate agent is to help you save time and negotiate a price you can afford. Do some research online or ask friends, relatives and colleagues for a recommendation. It's also helpful to note the areas you are considering buying in so you can find an agent that's right for you.

young couple meeting with their realtor
SHOP FOR A HOME 

Once you understand how much you can afford and have a real estate agent to help, you can begin house hunting. With the various types of homes available, it might be difficult to determine which type is best for you and your needs. Take into consideration your stage in life, desired features/benefits and how many improvements you're willing to make before moving in. Below is a brief overview of the most common types of homes to consider in your search for the perfect home.

a couple looking at their computer monitor together
UNDERSTANDING YOUR LOAN OPTIONS

Our team at Univest strives to make the mortgage process for first-time homebuyers as straightforward as possible while meeting your homeownership needs and expectations. With a variety of affordable financing options available in Pennsylvania, New Jersey, Delaware, and Ohio, as well as competitive interest rates, our experienced mortgage professionals will help deliver the borrowing solution that's right for you.

We have also put together a home loan checklist so you can appreciate the required documentation for a mortgage application. This will help you prepare and have all necessary information in order and ready to go when it’s time to apply for your mortgage.
new homeowners receiving their keys
QUESTIONS TO SEAL THE DEAL WHEN BUYING A HOME 

Before you begin the closing process, it’s best to ask as many questions as possible until you’re comfortable with the answers. The people you have enlisted to help with this process are paid to provide assistance so utilize them to the fullest extent.

Still unsure about purchasing your first home ? Check out our renting vs buying page.

Ready to buy your first home? Get pre-qualified now!

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