Buying your first home is a major milestone—and while it can feel overwhelming, it doesn’t have to be. At Members First Credit Union of Florida, we're here to help you navigate the journey with confidence. Whether you're just starting to dream or ready to make an offer, this guide breaks down the process into manageable steps.

Step 1: Know Where You Stand Financially

Before you start browsing listings, take a close look at your finances:

• Check your credit score and review your credit report for accuracy.
• Determine your budget by factoring in your income, monthly expenses, and existing debts.
• Save for upfront costs like your down payment, closing costs, inspections, and moving expenses.

Tip: Members First offers tools and resources to help you assess your financial fitness. Ask us about our Credit Health Review!

Step 2: Get Pre-Approved for a Mortgage

Getting pre-approved shows sellers you’re serious and gives you a clear idea of what you can afford. Our in-house mortgage options—including our 5-Year ARM loan—are designed to fit your needs.

Bonus: First-time home buyers who finance with us may qualify for up to $2,500 toward closing costs!

Learn More or Get Pre-approved

Step 3: Define Your Home Goals

Think about what matters most to you:

• Location and commute time
• Number of bedrooms and bathrooms
• School districts and nearby amenities
• Long-term value and resale potential

Step 4: Partner with a Real Estate Agent

A trusted agent can help you find the right home, negotiate offers, and handle the paperwork. Ask friends or family for recommendations, or let us connect you with local professionals.

Step 5: Start House Hunting

This is the fun part! Attend open houses, schedule showings, and compare homes. Keep your priorities in mind, but stay flexible—your dream home might surprise you.

Step 6: Make an Offer

Once you've found the right home, your agent will help you submit a competitive offer. Be prepared for negotiations and stay within your budget.

Step 7: Schedule Inspections and Appraisal

A home inspection ensures the property is in good condition, while an appraisal confirms its market value. These steps protect your investment and your loan.

Step 8: Finalize Your Mortgage

Submit your final documents, review your loan terms, and prepare for closing. Our mortgage team will guide you every step of the way.

Step 9: Close and Celebrate!

At closing, you'll sign the paperwork, pay any remaining costs, and receive your keys. Congratulations—you're officially a homeowner!

APR = Annual Percentage Rate. All loans are subject to credit approval. Rates and terms are based on individual credit worthiness. Terms and conditions apply. NCUA Insured. Equal Housing Lender. NMLS# 405711.

RESOURCES

Home Loans Purchasing your first home? Refinancing the home you already love? We'll lend a helping hand with a home loan that is right for you. LEARN MORE

Home Loan Rates View and compare rates on our Home Loan options. View Rates

Loan Calculators Estimate your monthly payment, see how long it will take to payoff your home loan, or calculate how much you can save by refinancing. Calculate Your Potential

Understanding Your Credit Score LEARN MORE

Breakdown of a Credit Score LEARN MORE

Boost Your Credit Score LEARN MORE

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