First Time Homebuyers

You’ve thought about ditching the lease and moving into your own home. You’ve even dreamed of those backyard barbecues and games of fetch with your dog. And now, you’re ready to take the next step. But what is the next step? And the step after that? Becoming a first-time homebuyer is a big deal, both financially and emotionally. It’s exciting, it’s nerve-racking and overwhelming, and everything that goes along with it is new. And you probably have many questions. But rest assured, at North Country Savings Bank, we’ve got the answers and we’ve got you!

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We've Got You

The North Country Savings Bank team is here for you. We'll walk you through every step of the mortgage process, from answering your questions about where to begin to explaining all the important financial details. Our experienced Personal Bankers and Loan Experts are prepared to help first time home buyers get their credit reports in check, figure out how much house they can afford, and be there at the finish when they finally sign on the dotted line.

Buying your first home is life-changing, but it doesn't have to be stressful. We love helping people move into their dream homes. So don't worry: You've got this, and we've got you.

Great Home Options for First-Time Homebuyers

Finances are a major consideration when buying your first home, and unfortunately, for most new homebuyers, turn-key ready homes are out of reach. That is why starter homes and fixer-uppers are great options for first-time homebuyers. Each type of home can have its own obstacles and challenges, but they can also present wonderful rewards and charm as well.

Starter Homes

These homes are typically on the smaller side and may require some TLC or updating, but are usually move-in ready. Choosing a smaller home as your first home can be a great way to learn about homeownership responsibilities, without the commitment of large space maintenance. For example, if your household only consists of you and your special someone, a smaller home with fewer bedrooms creates less work because you won't have to worry about cleaning unused rooms. The cost of starter homes can vary depending on the real estate market, but they are historically much less expensive than larger, more recently updated homes. Consider a starter home as your first home if you're ready to end the cycle of renting, want to call a place your own, and don't need a lot of space right now. You can always trade up later as your family grows and you've built up some home equity.

Fixer Upper

Unlike starter homes, fixer uppers typically need work. These houses are commonly priced very low in comparison to others, making them a great option for first-time homebuyers that may not be financially able to commit to larger mortgage payments. That said, fixer uppers are huge commitments in themselves because the buyer must be willing to put in the time, energy, and resources. North Country Savings Bank offers Purchase Plus Loans that can help cover the cost of renovations as well. So if you aren't afraid to get your hands dirty and like the idea of a challenge, consider looking into fixer-uppers as a first home option. The beauty of fixer-uppers is that you can essentially make that dream home you've been envisioning for years, and you'll get to reap the benefits of all the hard work and dedication at the end. Win-win!

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Did You Know?

At North Country Savings Bank, we know saving for your first home can be difficult. But guess what? We’ve partnered with the North Country Housing Council to support new homebuyers in St. Lawrence County with a monthly First-Time Homebuyer Class that will qualify you for grant money. Did you read that right? Yes, money. Get money to help buy your first dream home sooner than you thought possible!

So Many Questions, So Little Time

Still have questions or need assistance with other financial concerns? View our list of frequently asked mortgage questions or reach out to a Personal Banking Specialist today.

Think You're Ready?

If you feel prepared to become a first-time homebuyer and would like to apply online, get started here!

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