M&T can help make purchasing your first home easier.
Buying your first home is exciting, but it can also seem challenging if you’re not sure what to expect. It doesn’t have to be like that. M&T will work with you every step of the way to help you navigate the process and finance your first home.
Getting pre-approved is the first step.
A pre-approval is an important first step on the home buying journey as it provides you with the bargaining power you’ll need when working with real estate agents and sellers.
You can start the pre-approval process online, by
filling out this form or calling 1-888-253-0799.
Know your options.
M&T offers many affordable mortgage loan options that require little or no down payment in addition to closing cost assistance.
Helpful Tips for First Time Homebuyers
For more details on mortgage programs and other support for eligible first time homebuyers, please contact us today.
Check your credit.
It’s important to know your credit score because your credit history determines what loan programs you qualify for and the interest rate you will pay on the loan.
Getting pre-approved is an important first step on your path to homeownership. Knowing how much you can afford helps you manage your finances and get ready to negotiate with sellers.
Start the pre-approval process >
Gather your documents.
When you’ve found your home and you’re ready to apply for a mortgage, you will be asked for several important documents including but not limited to:
- W-2s for the last two years
- Checking, savings, brokerage and investment statements
- Two most recent paystubs
- If self-employed, federal tax returns for the last two years
You’ll save time by having your paperwork ready for your discussion with an M&T Mortgage Loan Officer.
Check comparable homes in the area where you’d like to buy.
It’s always good to know the neighborhood you are thinking about living in. What’s the average sales price of homes in the area? What features can you get within your budget? How is the school district? Information is power when it comes to real estate negotiations, and you’ll have a better idea of what you’re getting into if you do some research.
Find a real estate agent.
A real estate agent will help you identify homes in your price range, tour homes, negotiate price, and complete the sales contract. He or she can provide important services and information that are useful to first time homebuyers.