Your Complete Homebuyer Guide
Let's make your homebuying journey simple, clear, and stress-free.
Created by:
Jerome Cunningham — Realtor
Bridge Realty
A Quick Welcome from Jerome
Buying a home is a big step — but it doesn't have to feel overwhelming. In fact, it should be an exciting and a rewarding journey! As your dedicated Realtor, I understand that every homebuyer's situation is unique, and navigating today's dynamic market can seem complex.
I am committed to being more than just a guide; I'm your trusted advocate, here to educate you on every aspect of the process, from understanding market trends and property valuations to crafting successful negotiation strategies. You can rest assured that I'll be by your side, ensuring you feel completely supported, well-informed, and empowered from our very first conversation right through to closing day and beyond. Let's embark on this significant journey together!
Why Buying Makes Sense
Owning a home helps you build wealth, stability, and long-term security. Here's why many of my clients decide to buy:
Build Equity
Payments become an investment, not a bill — you build equity every single month
Payment Stability
Your mortgage payment stays the same each month, unlike rent which can increase
Tax Benefits
Enjoy valuable tax deductions that can save you money year after year
Your Space
Freedom to personalize and make it truly yours without landlord restrictions
If you're thinking about owning — you're already ahead of most.
Getting Pre-Approved
Your First Power Move
Getting pre-approved for a mortgage is a crucial initial step in your home-buying journey. It's more than just an estimate; it's a formal commitment from a lender outlining exactly how much they are willing to lend you, based on a thorough review of your financial standing.
This process gives you your true buying power and clearly communicates to sellers that you are a serious, qualified buyer.
Why Pre-Approval Matters
  • Clear Budget: You'll know precisely what you can afford, allowing you to focus your home search on properties within your financial reach.
  • Increased Confidence: Shop for homes with peace of mind, knowing your financing is secure. This confidence extends to negotiations, as you're equipped with solid financial backing.
The pre-approval process is designed to be fast and straightforward. It involves submitting an application and providing key financial documents for review. You can typically expect a decision within 24-48 hours, often receiving a pre-approval letter that is valid for 60 to 90 days.
Start Your Pre-Approval
Most applications take just 15-20 minutes to complete online.

Pro Tip: Have your financial documents ready before applying — it speeds up the process and gets you approved faster.
Your Budget, Simplified
Understanding your monthly payment is key to feeling confident. Here's what typically goes into your total housing payment:
Principal & Interest
Your core mortgage payment that builds equity in your home
Property Taxes
Annual taxes divided into monthly payments, based on your home's assessed value
Homeowner's Insurance
Required protection for your investment against damage and liability
PMI (If Needed)
Private mortgage insurance for down payments under 20% — often removable later
HOA Fees
Homeowners association dues if applicable, covering shared amenities and maintenance
I'll help you understand these numbers clearly so nothing feels confusing or surprising.
Down Payment Assistance
A Huge Advantage!
You may qualify for programs that make buying much more accessible than you think. Most people are surprised at how affordable homeownership can be.
620+ Mortgage Score
Many programs accept credit scores starting at 620, making homeownership achievable for more buyers.
As Low as $1,000 Down
Some programs require minimal upfront cash — far less than the traditional 20% many people assume.
First-Time & Repeat Buyers
Depending on the program, both new and experienced homebuyers may qualify for assistance.
Income & Debt Guidelines
As long as your income and debt ratios fall within program requirements, you're on the right track.
I'll help you explore every option available and find the program that works best for your situation.
Credit & Readiness
What Really Matters
You don't need "perfect" credit to buy a home. Here's what we focus on to get you approved:
01
Debt-to-Income Ratio
We look at your monthly debt compared to income — most programs want this under 43-50%
02
Mortgage Score Above 620
Your credit score needs to meet minimum thresholds, but doesn't need to be perfect
03
Financial Reserves
Savings, 401k, or other assets help strengthen your approval and show stability

Need to improve your credit score? I'll guide you step-by-step with a clear plan to get you ready — whether that's in 30 days or 6 months.
Touring Homes Together
Once you're pre-approved, I will get you setup on your own MLS search that will send you up to date emails directly to your phone. This is where the excitement really begins!
Overall Condition
We'll assess the home's maintenance, Mechanical systems, and any potential repair needed
Neighborhood Feel
Getting a sense of the community, schools, safety, and local amenities
Layout & Flow
How the space works for your daily living and future needs
Resale Potential
Thinking ahead about long-term value and market appeal
No pressure. No rushing. Just honest guidance to help you find the right fit.
Submitting an Offer
Finding the perfect home is exciting! When you're ready to make it yours, we'll craft a compelling offer that includes these key components to protect your interests.
Earnest Money
A deposit (typically 1-3% of purchase price) held in escrow, showing sellers you're serious and committed to the purchase.
Home Inspection
Your right to hire a professional to thoroughly examine the property, usually within 3-5 days, to uncover any potential issues. It usually costs $395.00 for a inspection.
Appraisal
Required by lenders, an appraisal ensures the home's value supports the loan amount, safeguarding your investment. an Appraisal typically is $695.00.
Seller Concessions
Seller concessions are requests for the seller to cover certain costs like closing costs, repairs, or credits — negotiated as part of your offer to reduce your out-of-pocket expenses.
The Closing Table
Your Final Step!
When you find the right home, here's what the closing process looks like. This is my favorite part — the moment everything becomes real.
Final Walkthrough
Visit the property one last time to ensure everything is in agreed-upon condition
Review Documents
Carefully review and sign all closing disclosures with your closing attorney
Bring Funds
Provide a cashier's check or wire transfer for closing costs (If Needed)
Get Your Keys
Walk away with keys in hand, ready to move into your new home
Celebrate! 🎉
You've just achieved an amazing milestone — congratulations, homeowner!
What Happens Next
You're One Step Away
Ready to move forward confidently? Here are your next steps to begin this exciting journey:
📅 Schedule Your Discovery Call
Just 15 minutes to understand your goals, timeline, and answer any questions you have.
✅ Start Your Pre-Approval
Get your buying power established and show sellers you're serious about making offers.
I'll take everything from here
Once we connect, I'll guide you through every step with clarity and support. Your homeownership journey starts now.
Jerome Cunningham
Bridge Realty
📱 612-404-9114