Buying a Home
Buying a Home
Homeownership has countless benefits. Homeownership allows you to customize your living space, avoid rent increases, earn tax benefits, and accommodate additions to your family without having to move. It is also the primary way families build wealth in this country.
Whatever your reason for wanting to buy a home, Holy Rosary Credit Union is committed to helping you reach this goal.
Learn the Basics
- Use our Loan Consultant tool to estimate the monthly costs of buying a home, including taxes and insurance, along with closing costs. Click this link, select “Holy Rosary Credit Union,” “Main Page,” then “Check Rates.”
- Set a down payment savings goal and begin saving
- Build your credit score. The higher your credit score, the less you’ll pay in mortgage interest. Check out our resources for Building Credit and Getting Out of Debt
- Get approved for a mortgage
- Use a home comparison chart when out looking at potential homes, and a home maintenance checklist for taking care of your new home
Solid Foundations is a free service of Holy Rosary Credit Union. You can expect to receive thorough, non-judgmental, first-time homebuyer counseling from a staff member trained in financial coaching. Due to COVID-19, all Solid Foundations sessions are held over Zoom.
In the session, we’ll walk you through the costs and steps of buying your first home. Solid Foundations sessions always conclude with an action plan tailored to your unique situation and goals. We’ll run a “soft pull” of your credit report, which will not hurt your credit score.
We Want to Hear from You!
Tell us about your experience with Financial Wellness services from Holy Rosary Credit Union! Your feedback will help us know what is most beneficial and what can be improved.
- Become familiar with the types of mortgages and mortgage process
- Prepare for the 7 hidden costs that first-time homebuyers come across
- Educate yourself on homeowner insurance, home appraisals, and escrow accounts
- Look into Home$tart assistance for down payment and closing costs
- Know your rights in the Fair Housing Act
- Utilize other resources, like Freddie Mac’s Homebuyer U or MGIC’s Readynest. Both are comprehensive, online, and free.