First-time homebuyers can succeed in the current market by focusing on preparation and timing. Learn practical steps to navigate buying a home for the first time and secure financing that fits your goals.
Holden Kellerhals, Lending Strategist
NEXA Lending
Phone: (727) 591-5591
Email: [email protected]
NMLS# 2646551
Company NMLS# 1660690
Licensed in: FL, IA
Calculations based on 30-year fixed mortgage. PMI applies when down payment is less than 20%. Bank Statement loans are considered Non-Qualified Mortgage (Non-QM) products. Qualification is based on the review of personal or business bank statements rather than tax returns. Interest rates and down payment requirements for these products may be higher than those of conventional government-backed mortgages (such as FHA, VA, or Fannie Mae/Freddie Mac loans). Not all applicants will qualify. Annual Percentage Rate (APR) is subject to increase after consummation. Advertised terms are based on a loan amounts with a 760 FICO, Loan-to-Value, and 30-year fixed/ARM rate. Monthly payments includes principal and interest only; actual payment will be higher with taxes and insurance and HOA. This is not an offer to enter into an agreement. This is not a commitment to make a loan. Not all customers will qualify. Information, rates and programs are subject to change without prior notice. All products are subject to credit and property approval. All approvals are subject to underwriting guidelines. Not all products are available in all states or for all dollar amounts. Other restrictions and limitations may apply. VA loans subject to individual VA Entitlement amounts and eligibility, qualifying factors such as income and credit standards, and property limits. NEXA Mortgage, LLC is not affiliated with any government agencies. These materials are not from VA, HUD or FHA, and were not approved by VA, HUD or FHA, or any other government agency. Copyright © 2025 NEXA Mortgage, LLC NMLS#1660690. AZMB#0944059. 5559 S Sossaman Rd, Bldg #1 Ste #101, Mesa, AZ 85212, 602-344-9333. NEXA Mortgage, LLC is an Equal Housing Lender. All rights reserved.
First-Time Homebuyers Face a Shifting Market This Summer
June 15, 2026
Buying a first home brings excitement mixed with plenty of questions. The market continues to present both hurdles and openings for those ready to act. Preparation makes the difference between a smooth process and one filled with surprises.
Many first-time buyers start by checking their credit and gathering documents. Lenders look closely at income stability and debt levels before offering terms. Saving for a down payment remains a key step even when options like low-down programs exist. Working through these basics early helps avoid delays later on.
Inventory levels stay tight in many areas, which keeps competition active for desirable homes. Buyers who line up financing ahead of time gain an edge when making offers. Local market conditions can shift quickly, so staying informed about neighborhood trends matters. A clear budget prevents overspending on properties that stretch resources too far.
Sellers often prefer offers from buyers who already hold pre-approval letters. This step signals seriousness and speeds up negotiations once a home is found. First-time buyers also benefit from understanding closing costs and ongoing expenses beyond the purchase price. Guidance through these details reduces stress during the final stages.
Success for new buyers comes down to steady preparation and realistic expectations. Taking action now positions buyers well for the months ahead.