The prospect of buying your first home is really exciting. It’s also a complex process that becomes simplified when you partner with USC Credit Union. We will provide you with the education and guidance you need to buy your first home with confidence. You can learn more by downloading our Free Home Buyers Guide.
While lenders look at a lot of different information to determine whether you’ll qualify for a home loan, ultimately, it comes down to four things: credit, down payment, income, and assets. If any of these areas are not as strong as they should be, don’t be discouraged. Your USC Credit Union home loan expert will provide you with the guidance you need to move to the next level.
Lenders will verify that the funds you are using for your down payment are in a liquid account, such as a checking or savings account. Lenders may also want to see proof that you have a “financial cushion” to handle emergencies or unforeseen expenses.
Download our Free eBook using the link below to learn the ins and outs of the home buying process.