Mortgage 101: Everything First-Time Homebuyers Should Know Before Applying
- Luis Salazar
- Aug 27, 2025
- 2 min read
Buying your first home is one of the most exciting — and sometimes overwhelming — steps in life. With so many loan options, requirements, and industry terms, it’s easy to feel lost before you even start. At Trust Lending, our mission is to simplify the process so you can move forward with confidence.
This guide covers the essentials every first-time homebuyer should know before applying for a mortgage.
1. Check Your Credit Score Early
Your credit score plays a big role in determining what type of mortgage you qualify for and what interest rate you’ll receive. The higher your score, the better your loan terms. Don’t worry if your score isn’t perfect — programs like FHA loans are designed with first-time buyers in mind.
Pro Tip: Review your credit report for errors and pay down high balances before applying.
2. Understand the Different Loan Options
Not all mortgages are the same. Here are the most common programs first-time buyers should consider:
Conventional Loans – Great for borrowers with stronger credit and savings.
FHA Loans – Ideal for buyers with lower credit scores or smaller down payments.
VA Loans – Available to veterans and active-duty service members, often with no down payment.
USDA Loans – Perfect for rural and suburban homebuyers with income limits.
At Trust Lending, we help you compare loan options side by side to find the program that best fits your financial goals.
3. Save for More Than Just the Down Payment
A down payment is only one part of the upfront cost of buying a home. You’ll also need to budget for closing costs, moving expenses, and an emergency cushion for unexpected home repairs.
4. Get Pre-Approved Before You Shop
A mortgage pre-approval shows sellers you’re a serious buyer and gives you a clear picture of your budget. With Trust Lending, our pre-approval process is simple, fast, and designed to put you in the strongest buying position.
5. Work With a Lender You Can Trust
The home loan process can feel complicated, but you don’t have to go through it alone. Choosing the right mortgage lender can make all the difference. At Trust Lending, we pride ourselves on transparency, personalized guidance, and helping first-time buyers become confident homeowners.
Buying your first home doesn’t have to be overwhelming. By preparing early, exploring loan options, and working with a trusted lender, you’ll be well on your way to owning your dream home.
At Trust Lending, we’re here to walk with you every step of the way — from application to closing and beyond.
Ready to take the first step?
Comments