Navigating Your First Home Purchase

Buying a home is a significant milestone—one that brings excitement, responsibility, and a touch of nervousness. While HGTV shows make it seem effortless, the reality involves more than just finding the perfect property. At LA Healthcare FCU, we understand the dreams of our members who aspire to be homeowners. Here are some essential considerations before taking the plunge:

Assess What You Can Afford

As a prospective homeowner, it’s crucial to look beyond the listing price. Unexpected costs accompany home buying, including insurance and closing costs. The latter can amount to three percent of your home’s price. Keep these expenses in mind as you navigate the process.

The Thrill of House Hunting

Whether you’re browsing online listings or driving through neighborhoods scouting “for sale” signs, house hunting is exhilarating. However, avoid making decisions solely based on emotions. Trust your instincts and take notes during house inspections. If you find yourself getting overly idealistic, consider bringing a friend or relative along for a fresh perspective.

Get Acquainted with the Neighborhood Vibe

Before committing, spend time in the neighborhood. Take a test drive during typical commute hours to gauge traffic patterns. Is the vibe peaceful or bustling? Consider nearby schools—noise and traffic levels can vary before and after school hours.

Explore Mortgage Loan Options

At LAHFCU, we’ve partnered with CU Lending (NMLS# 737327) to offer our members fixed and adjustable rate mortgage loans. Our streamlined application process is available online, and our loans come with:

• Low closing costs
• No points or prepayment penalties
• Competitive interest rates compared to big banks

Let’s make your dream of homeownership a reality! Visit our website to apply today.