Your total payment
Plan for principal and interest, property taxes, homeowners insurance, and mortgage insurance when required. HOA dues may be separate.
Your first home · North Carolina
Ready to buy a home?Start with a plan.
Know what money to set aside, which documents to gather, and how to start your mortgage application. No email required to use this checklist.
Mortgage guidance in English and Spanish. Online and in North Carolina.
Three numbers to understand.
The home price is only part of the picture. Start with these three pieces of your budget.
Your down payment
This is the part of the purchase price you pay yourself. The amount required depends on the loan program and your eligibility.
Your cash to close
Your down payment plus closing costs and other adjustments, less applicable deposits and credits. Keep money aside for moving and unexpected expenses, too.
Want to look closer? See how cash to close works · Try the DTI calculator
Your homebuyer checklist.
Use this to get organized before your conversation or application. Your loan team will confirm the exact documents needed for your situation.
Your checkmarks stay only on this open page. They are not saved or sent to us. Do not email tax returns, bank statements, or Social Security numbers; use the secure application when requested.
Before you get started.
What home loan options can I consider?
Options include conventional loans and programs such as FHA, VA and USDA. Eligibility differs; some programs depend on military service, income or the property's location. Explore mortgage options and ask which are available for your situation.
Do I need a 20% down payment?
Not always. Some loans allow a smaller down payment but may require mortgage insurance. Closing costs are separate considerations. Jonathan can help you review both amounts before you start house hunting.
How do I compare two mortgage offers?
Ask for Loan Estimates. Compare the same loan amount and term: interest rate, APR, monthly payment and cash to close. A lower rate can come with higher upfront costs.
Do I need everything ready before calling?
No. You can call to understand where to start. The checklist helps you prepare; checking every box is not required to speak with Jonathan.
What happens after I apply?
Your loan team reviews your information, discusses potential options, and tells you what documentation is needed. Starting an application is not an approval or a commitment to lend.
Does preapproval guarantee the loan?
No. Final approval depends on lender review, verification of your information, the property, and any remaining loan conditions.
Sources: CFPB: Types of home loans and Understanding your Loan Estimate. General educational information; requirements vary by lender and loan program.
Let’s talk about your first home.
Not sure where to start? Call Jonathan. Ready to share your information? Begin through the secure application.
The application opens with Morty. Loan approval, terms, and availability depend on eligibility and lender review.