First-Time Home Buyer

Buying Your First Home

Divito Lending Loan Experts® listen to your unique situation and guide you to the best decision


How do you want to get started?

Find answers quickly online

With Fast Mortgage® by Divito Lending, our faster, simpler and totally online way to get a mortgage, you can quickly see how much you can afford and customize your mortgage options.

Talk to a Home Loan Expert

Not comfortable starting online? Answer a few questions, and we’ll have a Home Loan Expert call you.

The Basics


Hassle-Free Home Buying

  • Get pre-approved for free – before you shop for your new home – and get more bargaining power.
  • We can match you with a trusted, prescreened real estate agent through our partners at Divito Real Estate Group. Partnered agents ensure a seamless home-buying experience.
  • Our exclusive mortgage programs allow you to buy a home with a minimal down payment. Some mortgage programs require as little as 3% down! In many cases, your down payment can be a gift from a relative or nonprofit organization.
  • Avoid paying private mortgage insurance (PMI).

Every day for the past 30 years, we’ve helped Americans just like you all across the country buy their first home. Contact us today to see how we can help.

Popular Loan Options for First-Time Home Buyers

  • FHA Loan – Purchase your home with only 3.5% down. Closing costs can be a gift from a relative!
  • 30-Year Fixed Loan – Our most popular mortgage. Purchase your home with as little as 3% down or less than 3% equity. Get a low payment and the security of a rate that won’t change for the life of your loan.
  • VA Loan – No down payment, no PMI and flexible credit requirements make the VA loan a top choice for veterans and active military members.

Why You Should Choose Divito Lending

  • You’ll get a completely online application process with less paperwork, and you can track the status of your mortgage application.
  • Our Home Loan Experts are available to answer your questions and help you understand the details so you get the right mortgage for you.
  • After you close your loan, you can manage your mortgage online without any hidden fees.
  • We service 99% of our mortgages, which means you can expect our great customer service to continue after you close.

Learn More about Buying Your First Home

  • First-Time Home Buyer Guide
  • 10 Tips for First-Time Home Buyers
  • Tips for First-Time Home Buyers from Real Estate Agents
  • Top 5 Reasons to Buy a Home in 2016
  • 10 Important Legal Considerations When Buying a Home

How much house can I afford?

Start with how much you want to spend each month on housing. Most budgets call for earmarking 28% of your post-tax income for house payments, including your homeowners insurance and property tax. For example, if your annual income after taxes is $60,000, 28% of that is $16,800, or $1,400 per month. However, every situation is different. Maybe you have costs in your monthly budget that affect your bottom line, such as childcare, car payments, or student loans – the important thing is to find a monthly payment that you’re comfortable with.

Talk to a Home Loan Expert or use our mortgage calculator to calculate your monthly payment using today’s mortgage rates.

How do I find out the cost of homeowners insurance and property taxes?

Based on where you live and what kind of policy you want, your property taxes and homeowners insurance can vary widely. You can usually get a quick estimate on homeowners insurance by visiting a provider’s website – try getting a few quotes to find a competitive price. To see what kind of taxes you might pay, you can ask your real estate agent to help you research the tax rate in the areas where you’re house hunting, or you can visit the county tax assessor’s website to find public records of taxes on homes in the neighborhoods where you want to live. Many states also provide a property tax estimator online.

Should I buy a house?

If you’re thinking about buying a home, there are a number of factors that can help you decide if now is the right time. Are mortgage rates low? Are you planning to live in the same city for the next five or more years? Are rents rising in your city? Do you want to customize your home? If the answer to most of these questions is “yes,” then buying a home is a good option for you. Check out this article for a deeper look at the pros and cons of buying a home versus renting.

Buying a home can be scary – check out these inspiring stories of homeownership to see how you can #BeBrave, too.

What are closing costs?

Mortgage closing costs, also known as settlement costs, are fees charged for services that must be performed to process and close your loan application. Examples of mortgage closing costs include title fees, recording fees, appraisal fees, credit report fees, pest inspection, attorney’s fees, taxes and surveying fees. The closing cost of a loan will vary depending on your geographic location.

Lenders are required by law to provide you with two documents – the Loan Estimate and the Closing Disclosure – which outline your closing costs and help you avoid surprises at the closing table. For more information regarding the loan process through Divito Lending, call +1 (800) 286-3235 to talk with a Home Loan Expert today.