Your first home, with someone doing the hunting for you.
Buying your first home should feel exciting, not confusing. Theresa Rolen explains each step in plain language and helps you compare the loan options that fit your plans.
The road ahead
- Get pre-qualified
- Compare your loan options
- Find your home
- Close with confidence
Buying for the first time, explained
Most first-time buyers are surprised by how many paths there are to a first home. Instead of pushing you toward one product, Theresa looks at your numbers first, then shows you which programs you can realistically use.
Because she works as a broker affiliated with Summit Lending, Theresa has access to multiple lenders rather than a single menu. That means she can bring you several payment scenarios side by side and explain the trade-offs in plain language.
"Let me do the hunting for you."
Could be worth exploring if…
Every situation is different. Theresa can help you compare your options.
- You have never owned a homeand want someone to walk you through the process from the first question.
- You assumed you need 20% downand want to see whether lower-down-payment programs may fit your situation.
- You have student loansand are not sure how they affect what you may qualify for.
- You want to compare programs: FHA, VA, USDA and conventional, side by side before choosing.
Financing options for first-time buyers
Lower down payment programs
Many buyers need less up front than they expect. Down payment assistance options, including FHA DPA and a 0% Down Conventional Purchase program, may help. Low down payment programs
Government-backed loans
FHA loans are a long-standing option for first-time buyers. VA and USDA loans are options for eligible borrowers and qualifying areas.
Conventional & jumbo
Conventional loans offer flexible terms. Jumbo loans, including medical provider loans, may suit first homes above conventional limits.
Three steps from pre-qualification to keys
You always know where you stand and what happens next.
Pre-Qualify
Theresa reviews your financial goals and budget, then identifies the loan options that fit your situation.
Choose Your Loan
Compare loan options and payment scenarios side by side, and pick the one that fits your life.
Close Confidently
She coordinates the documents and timelines, keeps you informed and walks you through each step to the closing table.
What to gather before you apply
Having your paperwork ready is one of the easiest ways to keep your application moving.
- Income documentsYour last two pay stubs and two years of W-2s. If you're self-employed, tax returns for the last two years.
- Government-issued IDA driver's license, passport or other official identification.
- Recent bank statementsThese help Theresa tailor the loan options she brings you.
First-time buyer questions
How much do I need for a down payment?
It depends on the program and your situation. Many buyers need less than the 20% they assumed, and down payment assistance programs may reduce out-of-pocket costs further. Theresa will show you which programs you can use based on your numbers.
Can I buy a home if I still have student loans?
Many mortgage programs allow for student loan debt. Theresa will work through your numbers with you and help you compare options that fit your situation.
How long does pre-qualification take?
Timing depends on your situation and how quickly your information comes together, which is why it's worth starting before you tour homes.
Why work with a mortgage broker instead of going straight to a bank?
A broker gives you access to multiple lenders rather than one lender's product list, along with guidance through the whole process.
Which states does Theresa work in?
Working with homebuyers and real estate investors across Kansas, Missouri, Nebraska, Arkansas, Tennessee, Texas and Washington.
Ask the Huntress
Not sure how your student loans, credit or gift funds fit in? Ask Theresa before you apply and get a straight answer about where you stand.
(913) 705-0049