First-time Homebuyer

Welcome, First-Time Home Buyer!

The Panaia Team from CrossCountry Mortgage, are thrilled to be part of your journey to becoming a homeowner. Buying a home can be an exciting but complex process, and we're here to provide you with the guidance you need. As you embark on this adventure, here are some tips on buying your first home:

1. Get Pre-Approved for a Mortgage: Before you start house hunting, it's crucial to know how much you can afford. Getting pre-approved for a mortgage with Andrew Panaia and he will help you determine your budget and give you an advantage in a competitive housing market. Andrew along with our team will guide you through the application process and help you understand your financing options.
2. Understand Your Down Payment Options: Cardinal Financial offers a variety of down payment options to suit your needs. From traditional down payments to government-backed programs, along with First-time Homebuyer down payment assistance programs.   Andrew will explain the different choices available to you. He'll help you understand the impact of your down payment on your monthly payments, interest rate, and overall loan cost with a Grigg Team Purchase Scenario.
3. Know Your Closing Costs: Closing costs are fees associated with the purchase of a home, such as appraisal fees, title insurance, and attorney fees. It's important to be aware of these costs upfront and budget for them. Andrew will provide you with a transparent breakdown of your closing costs, so you can plan accordingly and avoid any surprises.
4. Understand Your Loan Options: Cardinal Financial offers a range of loan programs to meet your unique needs, including Conventional loans, Jumbo, FHA loans, VA loans, and many Non-QM through our Broker Channels. Andrew and The Grigg Team will take the time to explain the different types of loans available and help you choose the one that's best for your financial situation and homeownership goals.
5. Work with a Knowledgeable Real Estate Agent: Partnering with a qualified real estate agent can make a big difference in your home buying journey. They can help you navigate the market, negotiate offers, and guide you through the entire process. Andrew can recommend reputable real estate agents who have experience working with first-time homebuyers and are familiar with our loan programs so you have a seamless home buying experience.

The Panaia Team are committed to providing excellent service and support to first-time homebuyers like you. Our team has the expertise to answer your questions, offer guidance, and help you achieve your dream of owning a home. 

Contact us today to get started on your home buying journey with Andrew Panaia and Team at CrossCountry Mortgage.