All the Excitement Without the Stress

Buying your first home is exciting. However, many first time homebuyers may feel a bit overwhelmed. We understand how you are feeling and are here to help. At Statewide Mortgage we have found that choosing a knowledgable Loan Officer who understands your unique situation is the best place to start.

Louisville mortgage loans

Do’s & Don’ts of the Home Buying Process


Get pre-qualified: Apply online or call a loan officer. This free consultation will help you set a “home buying budget”.

Choose a great realtor: From showing you houses within your budget to getting you to the closing table, the realtor makes all the difference.

Call your Loan Officer: If there are any questions, worries, or fears, call your loan officer. They will be present to help answer questions and put you at ease!


Take out any new debt: You need your credit to be as stable as possible while buying a house, right up to the day of closing.

Change jobs: Any job changes before closing will cause underwriting challenges. Most underwriters will want 30 days on the new job.

Pack too soon: Pack your clothes and dishes, but NOT your bank statements, tax returns, or other important paperwork.

Get Pre-Qualified

What does it mean to get pre-qualified? Great question. Getting pre-qualified only takes a few simple questions from the loan officer (like what your monthly income and debts are) and a credit pull to find out how much house you can purchase. Our loan officers are consultants: they will help find you the best program to fit your needs. Then, the loan officer will send you a letter to give to your realtor, who will then work their magic to get you a great deal on a home.

Popular Loans for First Time Home Buyers


FHA loans are insured by the Federal Housing Administration. These are distinct because you only have to put 3.5% down, they have lower rates, and you can use gift funds to close.


USDA loans are offered to rural property owners by the United States Department of Agriculture. They include 100% financing, no monthly mortgage insurance, and lower rates.

Ready to Apply for Prequalification?

Speak with one of our loan officers today to get prequalified!