First Time Home Buyers

Five Steps For First-time Home Buyers
HomeOwnership Center – West Virginia

“Don’t Know Where to Start? You’ve Come to the Right Place!”

Are you thinking about buying a house to call home in North Central West Virginia? HomeOwnership Center is the place to call! We provide all the services necessary for new home buyers to become successful homeowners for life. The process begins right here.

Before You Begin Looking For a House…

Before you ever speak to a realtor or begin looking for your dream home, contact HomeOwnership Center. We offer everything from financial and credit counseling to lending services customized to meet your needs. Our staff is passionate about assisting you on the most important path to achieving financial stability: owning a home of your own.

We are happy to work with you, answer all your questions, and help you understand how to best leverage your specific financial situation as you make your way through the home buying process. HomeOwnership Center offers valuable educational programs along with excellent customer service to help you become an educated buyer and a more informed, confident homeowner.

Step 1: Know Your Credit

What Is In Your Credit Report?

Your credit score is the main criteria used by lending institutions to determine the interest rate offered on your mortgage loan. A higher credit score will enable you to secure a lower interest rate and, consequently, lower monthly mortgage payments on your new home.

HomeOwnership Center offers confidential, personalized Credit & Budget Advising Services to help you understand your credit report, balance income and debt, budget effectively, and create and achieve your financial goals.

Step 2: Know Your Finances

Understand Your Income-to-debt Ratio

It is important to take a close look at what income you have coming in versus what you are spending. Financial empowerment begins with a thorough knowledge of your finances.

HomeOwnership Center strives to assist you with gaining a thorough understanding of your financial assets and liabilities as they relate to the home buying process before you buy, as well as post-purchase, through our Advising & Education Services.

Step 3: Know How Much You Can Afford

What Is My Goal Price to Buy a House?

We all want the best house possible; however, it is important to determine a monthly price you will be comfortable paying during the entire term of your mortgage loan.

At HomeOwnership Center, we can help you determine an optimal house price range so you will know which houses you can truly afford before you begin shopping. Check out our online Mortgage Calculator to get a better idea of how much you can safely afford.

Step 4: Know What Loans Are Available

Loans For First-time Home Buyers

As a first-time home buyer, you are in luck. There are many affordable loan options available for first-time home buyers of all income levels. Find out if a No Money Down Loan, Traditional Home Mortgage, or a specialized mortgage program will work best for you.

Learn more about some of the available options for Home Loans.

Step 5: Know What To Expect

Become An Educated Borrower & Home Buyer

Knowledge is power – particularly when it comes to making the largest and most important financial decision of your life. The more you know, the more in control you will be. We want you to know exactly what to expect as you navigate all aspects of the home buying process. True empowerment as an educated borrower and home buyer begins here.

HomeOwnership Center offers affordable, comprehensive full-day Homebuyer Education Seminars (HBE seminars) that cover everything you need to know about making the best house purchasing decisions for you and your family. Upon completion, you will receive a certificate of completion (the HBE certificate is required to receive certain mortgage discounts, affordable loans, and participate in down payment assistance programs).

Are you ready to get started on the path to homeownership?

Get Started Here

HomeOwnership Center has assisted hundreds of prospective homeowners just like you for over 15 years. We are pleased that we have been able to assist residents throughout all of North Central West Virginia with achieving their goals of homeownership. We invite you to read some of the success stories previous clients have shared with us. If you have completed one of our programs, please consider sharing your story with us.