A realistic payment
Build around the complete housing payment and the rest of your monthly life, not only the purchase price.
A first-home plan is more than a down payment.
The right starting point is the full housing picture: what you want to buy, what you want the monthly cost to feel like and which programs you may be eligible to explore.
Cash to close
Separate the down payment from closing costs, prepaid items and funds you may want to keep available.
Program choices
Compare conventional, FHA and any applicable VA, USDA or local assistance paths on the same facts.
A stronger offer
Preapproval can help you shop with a clearer range, while final approval still depends on underwriting and the property.
A clearer way to compare the real options.
You do not need to arrive with a program selected. Begin with the outcome you want and let the documentation and numbers narrow the path.
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Start with the goal
Share the property, timing, monthly comfort zone and the question you are trying to solve.
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Use the right records
Bill identifies which income, asset and property documents matter for the paths worth exploring.
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Compare the complete loan
Review payment, cash to close, rate behavior, fees and longer-term tradeoffs before choosing a direction.
Questions worth answering early.
These answers explain the general framework. Your actual eligibility and terms depend on the borrower, property, lender and current program rules.
Browse All Mortgage FAQsDefinitions vary. Many programs use a three-year lookback for prior ownership and some include exceptions, so Bill will check the definition for the specific option being considered.
No. The required amount depends on the loan, lender and borrower. A smaller down payment can introduce mortgage insurance or government-program fees, so the full monthly and upfront costs should be compared.
No. It is an early lender review based on the information and assumptions available at that time. Final approval still depends on underwriting, an acceptable property and no material changes.
There is no universal best program. Bill can compare the options you are eligible for using payment, cash to close, insurance, fees and longer-term cost.
Learn from the official guidance.
Program rules change. These government and agency resources are the basis for the general information on this page.
Loan programs, rates, terms, documentation requirements and eligibility are subject to change and vary by lender, borrower, property, occupancy, loan purpose and applicable law. This information is educational and is not a commitment to lend. Contact Bill for a personalized review of available options.
Start with your situation, not a label.
Bill will listen to the goal, explain what information is useful and help you compare the next steps without pressure.