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3 must-know facts for first-time homebuyers

May 13, 2024 • 
AllSouth Federal Credit Union
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Middle aged woman using laptop and having video call while sitting at home and working.

The first step in homebuying should be to meet with a mortgage lender to help you set a timeline and realistic expectations for the process.

Photo provided by AllSouth Federal Credit Union

Ready to make your home ownership dreams come true?

There are some misconceptions when it comes to getting a mortgage. To help simplify things and get you started, the experts at AllSouth Federal Credit Union are helping us sort mortgage myths + facts. Check out these facts before you start the homebuying process:

  • Pre-qualification and pre-approval are not the same thing.
  • A pre-approval does not guarantee you will qualify for a home loan.
  • A lower-than-perfect credit score doesn’t have to deter you from your home ownership goals.

See 3 more mortgage facts

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