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First-Time Homebuyers

Congratulations on your decision to buy a new home! There are many important items to consider throughout the process, especially being a first-time homebuyer.

Your first step should be to contact a Loan Officer in order to be pre-qualified for a mortgage and obtain a pre-approval letter. This pre-approval letter will be essential as you begin to search for a new home.

Here are some of the steps your Loan Officer will guide you through:

  1. Attending a First Time Homebuyer Class or Seminar. These local seminars are a great source of information about the entire home buying processReviewing your credit history.
  2. Reviewing your monthly debt obligations.
  3. Reviewing your housing cost “comfort level” within the context of your household budget.
  4. Documenting a two year history of stable employment or employment plus full time student status.
  5. Identifying eligible assets available for your down payment and closing costs. 

Click here to find a Boston Private Bank Loan Officer near you!

Boston Private
Headquarters-10 Post Office Square, Boston, MA  02109
Office:  (617) 912-1900
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