First Time Homebuyers Guide
There’s nothing like having a home to call your own. It’s the ultimate symbol of the American Dream—and for generations of homeowners, it has proven to be a wise investment.The potential benefits of home ownership include tax deductions, control over loan payment options and the accumulation of equity as the value of your home increases. Of course, you’re responsible for property maintenance—but you can also upgrade your home as you see fit. If you plan to live in one place for a few years, home ownership really makes a lot of sense.
Here are some considerations to keep in mind when you’re thinking about buying your first home:
- Location: Do you prefer city, suburbs or countryside? Do you want to live in an established neighborhood or a new development? Do you have school-age children? How do you feel about commuting time?
- Lifestyle: A lot depends on it. Do you want a big yard where you can indulge your love for gardening, or would you prefer a maintenance-free condo? Do you need extra bedrooms for a growing family or out-of-town guests? Do you enjoy renovating and redecorating, or would your rather find a home in “move-in” condition?
- Repairs: Fixer-uppers can be great deals—but if the house needs work, consider whether you’ll earn your investment back. Updates to kitchens, bathrooms, HVAC systems and roofs can all be costly. You’ll find a wide range of fixed and adjustable-rate mortgages available, including a number of programs especially for first-time buyers. Learn more about Renovation Mortgages, or contact a Mortgage Consultant for more information.
Use our calculator to determine how much home you can afford.
Serving All Communities
Trident is dedicated to making home ownership a reality for all families across Pennsylvania, New Jersey, Delaware, and Maryland. We offer many affordable housing options through our partnerships.Get Started
It's easy, secure and only takes a few minutes.Get Started
Our short video guide takes you step by step through the mortgage application process.Watch Now
What Our Customers are Saying
I can always count on Omar and Chrissy to answer any questions or smooth over any buyers frayed nerves, no matter what time or day of the week. They always keep me well informed during the buying progress and process and if we need to make any adjustments to make sure all goes smoothly. I always present Trident Mortgage to all my buyers and I am almost always able to make them see the benefit of using them.~ C.B.