First Time Home Buyer Mortgage Lender
What You Need to Know as a First-Time Homebuyer
Ready to take the necessary steps toward home ownership? Associated Bank looks forward to working with you and being a part of this exciting time in your life. Our loan officers have the skills and expertise to help you navigate what can often seem like an intimidating process.
Over the last decade, we've been a leading originator of home loans in the Midwest. We can't wait to help you next. You’ll be holding the keys to your first place before you know it!
Save for a down payment
This amount will vary depending on your circumstances and the type of home you’re looking to purchase. Reach out to a loan officer to see how much or how little of a down payment you might need.
Know your budget
This will help you determine what you can afford for your mortgage. Use our handy calculator to help you figure out what your monthly payments will be. Don’t forget that in addition to the loan principal, you’ll also have to pay interest, taxes and insurance when you’re determining your budget. Take into consideration these tips for determining how much of your income should go toward your house payment.
By examining your credit and overall financial picture, we’ll be able to help you understand how much you can plan to spend on a home. Plus, this important step will show your commitment to the homebuying process.
The fun part: house hunt!
Look for houses in the neighborhoods you’ve decided are right for you.
Make an offer
Make an offer, and, once it’s been accepted, schedule an inspection to determine whether there are any issues with the home.
Apply for a mortgage
Apply for a mortgage—either online or in person at one of our branches. Be sure to choose the mortgage that's right for you: Fixed-rate or adjustable-rate. Use this calculator to help you decide which one is the best option for you. Plus, decide whether a 15-year or 30-year loan is the right fit.
It’s important for the bank to get a clear picture of your financial situation. Trust that this most personal of information will be treated with care. You’ll likely need to bring the following with you when you apply for your loan:
We’ll conduct a home appraisal to ensure the loan amount is appropriate.
Be sure to negotiate the terms of closing costs with the seller. Will you be paying the closing costs, or will the seller?
Start packing those boxes!
* The Wisconsin’s #1 Mortgage Lender designation is based on information gathered from the Home Mortgage Disclosure Act data compiled annually by the Bureau of Consumer Financial Protection. The results of the data were obtained through the Bureau of Consumer Financial Protection Mortgage Database (HMDA), June 2018.