7 Benefits Of Taking Aspire Home Loans

Purchasing a home is one of the most significant milestones you’ll make in a lifetime. It’s a decision that requires time and research along with a qualified real estate agent and a financial institution. As a first time home buyer, it’s imperative you get pre-approved before house hunting.

Our team of mortgage experts at Aspire will guide you through the first-time homebuyer loan process, ensuring you have an easy, worry-free experience. Best of all, you won’t have to make a big down payment on our Aspire home loans.

If you’re thinking about buying your first home and want to know where to start, connect with us!

Get Pre-Approved

Getting preapproved means you’ve been approved in advance by a lender for a specific loan amount. Such as, you choose to take an Aspire home loans, we get you pre-approved. You will receive a letter that states your approved loan amount. Getting preapproved for a mortgage helps you shop for homes within your means and shows agents and sellers that you’re a serious buyer. We can then work with you to select a home loan with an interest rate and other terms suited to your needs.

• What you need to provide:

Income – documentation of income (for example, a recent pay stub and the prior year’s W2)

Assets – the past 2 months’ bank statements for each account that will be used for the cash to close the loan (includes down payment, closing costs and/or reserves)

FICO (credit) score – a credit report will be pulled during the application process which will help us identify your credit score, any current obligations or liabilities (debts), and any collections or judgments.

Step-by-step guide to the home buying process

1. Let’s find you a Real Estate Agent!
2. Zero in on your dream home!
3. Accept Offer
4. Inspect
5. Keys handover and BOOM, the deal is closed

CONGRATULATIONS

What are the benefits of taking an Aspire home loan?

• Low mortgage rates (One of our unique benefits is only requiring 10% down* for those individuals who qualify.)
• Down payment and closing cost assistance
• Low or no mortgage insurance
• Homebuyer Education
• Free housing counselling
• Loans serviced in Minot
• From residential, construction and HELOC loans, we have you covered

There’s a lot to know when buying your first home. Our expert mortgage team will help you step-by-step from getting pre-approved through closing. Check out our current rates. If you are ready to get started you can call us or apply online

We are an Equal Housing Lender, federally insured by NCUA.

**10% down and Annual Percentage Rate (APR) are subject to credit approval and analysis. Not all members will qualify for the 10% mortgage down payment offer. Repayment terms can be amortized over a 30-year mortgage or less, or in the form of a 72-month balloon payment.