First-Time Homebuyer
Buying your first home starts here.
Buying your first home is a big step. We’re here to make it feel a little less intimidating. From preapproval to closing day, our experienced mortgage team will guide you through the process and help you choose a financing solution that fits your goals.
YOUR FIRST STEP
Know what you can afford before you find the one.
Getting preapproved helps you understand your budget before you start house hunting. It also shows sellers you’re serious when it’s time to make an offer.
What every first-time buyer should know.
A little preparation can make the entire homebuying process feel more manageable.
You May Need Less Than 20% Down
Many qualified buyers purchase their first home with less money down than they expected. Your lender can help you understand the options available to you.
Know Your Budget Before You Shop
Your monthly payment includes more than your mortgage. Property taxes, insurance, utilities, maintenance, and other expenses should all factor into your budget.
Buying a Home Is More Than Finding One
Inspections, appraisals, underwriting, and closing all happen after your offer is accepted. We’ll help you understand what comes next.
You Don’t Have to Figure It Out Alone
No one expects you to understand mortgages before buying your first home. Ask questions. We’ll explain the process and help you make informed decisions.
BEFORE YOU APPLY
What you'll need for preapproval.
Having a few basic documents and pieces of information ready can make the preapproval process easier.
- Recent pay stubs
- W-2s or recent tax returns
- Bank statements
- Information about current debts
- Government-issued identification
- Social Security number
Don’t worry if you don’t have everything ready today. Your lender will explain exactly what is needed based on your situation.
Meet the people behind your first home.
From your first questions through closing day, you’ll work with a dedicated mortgage lender who can explain your options and guide you through the process.
Michigan
Mike Mattila
Home Lending Officer
Marquette
Marquette
John Rasinowich
Home Lending Officer
Houghton, Calumet
Houghton, Calumet
Samantha Riedel
Home Lending Officer
Iron Mountain
Iron Mountain
NMLS: 470158
Phone: 906-779-7518
Phone: 906-779-7518
Carmen Schipferling
Home Lending Specialist
Ironwood
Ironwood
NMLS: 470146
Phone: 906-932-8316
Phone: 906-932-8316
Wisconsin
Lori Josiger-Bloch
Home Lending Officer
Wausau, Weston, Merrill
Wausau, Weston, Merrill
NMLS: 609636
Phone: 715-841-8813
Phone: 715-841-8813
Tyler Lang
Home Lending Officer
Wausau, Rothschild
Wausau, Rothschild
NMLS: 1889867
Phone: 715-298-9943
Phone: 715-298-9943
Marne Renn
Home Lending Officer
Tomahawk, Eagle River, Minocqua
Tomahawk, Eagle River, Minocqua
NMLS: 259409
Phone: 715-612-3756
Phone: 715-612-3756
Florida
Kristen Derocha
Home Lending Officer
Cape Coral
Cape Coral
Helpful resources for your first home.
Explore a few tools that can help you prepare for your home search and understand what comes next.
Today’s Mortgage Rates
Review current mortgage rates as you begin comparing financing options.
Mortgage Calculator
Estimate monthly payments based on different home prices, down payments, rates, and loan terms.
20-Day Close Guarantee
Eligible borrowers may be able to move from an accepted offer to closing in as few as 20 business days.
Frequently Asked Questions
You might find what you are looking for right here.
Who qualifies as a first-time homebuyer?
Many programs define a first-time homebuyer as someone who hasn't owned a home in the past three years. Even if you've owned a home before, you may still qualify for certain first-time buyer programs. Our mortgage lenders can help you understand your options.
How much money do I need for a down payment?
The amount you need depends on the type of mortgage you choose. Some loan programs require as little as 3% down, while others may require more. We'll help you find the financing option that fits your budget and goals.
Should I get preapproved before I start house hunting?
Yes. A mortgage preapproval helps you understand your budget, strengthens your offer, and can make the homebuying process move more smoothly once you find the right home.
What costs should I expect besides my down payment?
In addition to your down payment, you may have closing costs, appraisal fees, homeowners insurance, property taxes, and other expenses. We'll explain each cost before you close so there are no surprises.
How long does it take to buy your first home?
Every home purchase is different, but the process typically includes preapproval, finding a home, completing your loan application, underwriting, and closing. If you're eligible, our 20-Day Close Guarantee can help you move through the mortgage process faster.
What if I'm not sure I'm ready to buy?
That's okay. Buying your first home is a big decision, and we're here to help you prepare. Our mortgage lenders can answer your questions, explain your options, and help you decide when the time is right.
Ready to experience Incredible?
IncredibleBank grew from entrepreneurial roots into a nationally recognized bank—but one thing has not changed: our commitment to being Incredible for our customers, communities, and team members. We look forward to helping you take the next step toward your first home.
Apply Now ›