Buying Your First Home

Shopping for your first home is a new and exciting process. Count on the Home Loan Officers at KeyPoint for the expertise and guidance you need to navigate the process –– from start to finish.

Here's what you'll need to qualify for a home loan

Minimum requirement of two years of work history in the same field to validate a stable and consistent income stream.

A minimum of two years credit history to validate the borrower is able to manage debt over a long period of time.

A minimum score requirement of 700.

To lock in the best rate and terms, you’ll need 20% of the purchase price as a down payment. However, there are loans available as low as 3% down, and sometimes gifts from relatives are allowed for some of the down payment.