Loans By Kathy: Help for those wanting to buy a home!

Help for those wanting to buy a home!

Help for those wanting to buy a home often seems out of reach.  It really can be easy as just knowing the right questions to ask.  A high percentage of my business is working with First Time Home Buyers.  A significant number have said that they have been turned away and they don't know why. 

The best advice I can give a First Time Home Buyer, is do your homework.  There are great resources on the website to get you started.

If you can answer YES to the following questions, you may be closer than you realize to owning your own home:

  1. I have been employed for the last two years?
  2. I have been living at the same address for the last two years?
  3. Do you have a checking account?

You are almost there, can you answer NO to the following questions:

  1. Have you filed bankruptcy in the last 7 years?
  2. Have you defaulted on a federal debt or student loan?
  3. Do you have any judgements filed against you?

The last question is do you know your credit rating?  This is where I am able to help my clients overcome the hurdle.  I can evaluate your credit report and give you a step by step plan to get the score to a qualifying level.

So, I ask you, Are you ready to be a homeowner?


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Kathy Sheehan Senior Loan Officer






Bay Equity LLC

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11475 Great Oaks Way, Suite 350, Alpharetta, GA 30002

800.BAY.3703 Bay Equity LLC NMLS ID#76988



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The opinions and general information in this blog are soley those of Kathy Sheehan.  Specifics regarding an individual case should be discussed in detail with a loan professional.  For a confidential consultation, please feel free to contact me via phone or email.  All terms and conditions are subject to change.


Comment balloon 5 commentsKathy Sheehan • March 29 2011 10:33PM


This is all really good advice. I also try to educate consumers about ways to improve their credit score to get ready to buy.

Posted by Bernadine Hunter, SFR, ACRE, "Finding Solution to Your Real Estate Needs" (Keller Williams Greater Columbus Realty) almost 8 years ago

Great post to give potential homeowners an idea of where they stand.  You sound very educated with first time homebuyers!

Posted by David Artigliere, ARTI Home Inspections, ASHI Certified Home Inspect (Reading, Pottstown, Norristown, Philadelphia) almost 8 years ago

David, you are absolutely correct!  I have always worked with First Time Home Buyers as a Realtor and now as a Mortgage Loan Originator. 

Posted by Kathy Sheehan, Senior Loan Officer (Bay Equity, LLC 770-634-4021) almost 8 years ago

Far be it from me to tell you what to blog, but I might rerun this.  It is great information!

Posted by Ron Marshall, Birdhouse Builder Extraordinaire (Marshall Enterprises) over 6 years ago

Ron, thank you for the suggestion!  

Posted by Kathy Sheehan, Senior Loan Officer (Bay Equity, LLC 770-634-4021) over 6 years ago