5 Things First-Time Homebuyers Should Know Before Applying for a Mortgage

Buying your first home is exciting — but it can also be confusing. At Voyage Home Loans, we believe knowledge builds confidence. If you’re starting your homeownership journey, here are five important things to know before applying for your mortgage.

1. Your Credit Score Matters — But It’s Not Everything

Lenders use your credit score to assess risk, but a less-than-perfect score doesn’t automatically disqualify you. We’ll help you understand where you stand and recommend ways to improve it, if needed.

2. Pre-Approval Makes You a Stronger Buyer

Getting pre-approved shows sellers you’re serious — and it gives you a clear idea of what you can afford. Pre-approval also helps speed up the process once you find your dream home.

3. You Don’t Always Need 20% Down

Many buyers think they need a huge down payment to qualify. That’s not true. FHA, VA, and USDA loans offer low- or even zero-down options for qualified buyers. We’ll help you explore the best programs for your situation.

4. Understand the Full Cost of Homeownership

It’s not just about your mortgage payment. You’ll want to budget for taxes, insurance, HOA fees, maintenance, and other costs. We’ll help you estimate your full monthly budget.

5. Your Lender Should Be a Guide, Not Just a Provider

We don’t believe in handing over a stack of papers and walking away. We’re here to explain, clarify, and support you — every step of the way.