06/02/2026
Thinking about buying your first home? 🏠 💰
The process is exciting, but knowing where to start is key! Here are the first 4 steps you should take:
📊 Master Your DTI Ratio: Lenders look at your monthly obligations vs. your income. Aim to keep your total monthly debt (including your future mortgage) under 43% of your gross income to qualify for the best terms.
💰 Budget for the "Closing Gap": Beyond the down payment, closing costs like taxes and fees usually range from 2% to 5% of the home's price. We work with Member First Mortgage to keep these costs competitive and transparent!
💳 Freeze Your Credit Activity: Now is the time for stability! Avoid opening new credit cards or financing a car, as these can shift your score and impact your final loan approval. Use SavvyMoney in our app to monitor your score.
🤝 Secure Your "Expert Team" Early: Buying a home is a marathon. By partnering with AAEC CU and Member First Mortgage early, you gain access to expedited closings and loan options tailored specifically to your budget.
Ready to turn that "For Sale" sign into "Sold"? Choose a Mortgage partner who knows the way. 🏦✨
👉 Start your application online: https://mortgages.aaeccu.com/