If you can afford a mortgage payment, which is often less than rent, then it's the right time to consider a move. Interest rates will always fluctuate, and refinancing is always an option down the road. So, if you're thinking about buying a new home in 2023, keep reading, because we are going to walk you through everything that you need to make it happen!

GET A PRE-APPROVAL LETTER

You're not going to gain a lot of traction in your home buying quest if you don't get pre-approved first! A pre-approval is a letter that a lender gives you after they've considered your income and debts to determine what price range you can afford. Pre-approval letters are necessary to let real estate agents know you are serious about buying. A pre-approval letter also ensures that when you find THE ONE, you can put a legitimate offer in on the spot.

FIND OUT WHAT YOU CAN AFFORD

After you've snagged your pre-approval letter, it's time to find out what you can comfortably afford to spend on your mortgage. After taking your bills and spending habits into consideration, you may not be willing to spend as much as your are pre-approved for. And if you do not have a big down payment saved, no need to worry, there are loan programs out there that can still make buying a home possible. Figuring out what you can comfortably afford goes hand in had with the next big step.

DETERMINE THE BEST LOAN PROGRAM FOR YOU

With so many different mortgage loan options, it can be a headache to figure out what's best for you. Thankfully, Lampco has partnered with Servion Mortgage to bring you an easy home buying process! The experienced loan officers at Servion Mortgage are here to help you achieve the American dream of owning a home. Whether you need an FHA, VA, USDA, or Conventional loan, Lampco and Servion Mortgage have the right loan product for you.

START SHOPPING

Here comes the fun part....shopping for your new home! Grab your favorite real estate agent and hit the open houses, it's your time to buy big! Again, your pre-approval letter gives you the ability to shop for houses in your price range and gives you the confidence to put in an offier when you find the perfect one. 

Spring and summer are great times to buy a home, and with Lampco by your side, buying a home in 2023 has never been easier.