We’ll make you feel right at home.

So you’re ready to purchase your first home. Congratulations! The prospect of becoming a homeowner for the first time is exciting but it can also be overwhelming. If you’re not sure what to expect, don’t worry, that’s why we’re here. At Embrace, we’ll guide you every step of the way, from figuring out what you can afford to what documents you’ll need at closing. We make the process as simple as possible, so you’ll feel right at home long before you move in.

Loans tailored specifically to first-time homebuyers
Our personalized approach makes us the ideal lender for first-time homebuyers. We offer a variety of loans, including FHA, VA, USDA, and Conventional, and we can help you find the mortgage that’s right for your specific situation. We also have exclusive programs like Approved to Move™ that make shopping for a home more convenient and worry-free.

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Approved to Move™

When you find the house of your dreams, you want to be ready. With Approved to Move™, you can have a fully underwritten approval before you find a home. Approved to Move™ is virtually as good as a cash offer, which helps you stand out from other potential buyers, and sellers love it. Learn more

Affordability Calculator

Calculators are provided for illustrative purposes only. Not a commitment to lend. Other fees may apply.
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How much house can you afford?

It’s important that you end up with a monthly mortgage payment that feels comfortable. But how do you know what you can afford? Our Affordability Calculator is a great tool to help you evaluate your unique financial situation and understand what size loan and monthly payment will work best for you.

Our calculator shows different examples of what your loan size and monthly payment might be. Just plug in your annual income, other various assets, and any monthly payment obligations, such as car payments and student loans — and then experiment with different scenarios. Try various interest rates, down payment amounts, property taxes, and mortgage terms to see how they impact your monthly payments.

First Time Homebuyer

Why use Embrace for your first home loan?

We’ve been helping first-time homebuyers qualify for home loans for decades. At Embrace, you’ll work with the same knowledgeable loan officer from start to finish. And our loan officers are all experts in their field, with over eight years of experience on average, and they close loans in weeks, not months.

Embrace also offers exclusive programs that make the process easier. With our revolutionary Approved to Move™, you get a fully underwritten mortgage approval before you even start looking for your dream home. This gives you an advantage over other potential buyers who may only be pre-qualified or pre-approved.

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Work with a real estate agent. Time is money, and an agent can save you both. Agents can send you listings that fit your parameters, and they often know of new listings that aren’t yet on the market. Some agents will preview homes for you, and they’re good at spotting overpriced listings.

Save for a down payment. Start saving for a down payment as soon as you can. Putting 20% down is traditional, but some FHA programs allow as little as 3.5% down. Just realize that a lower down payment may mean higher costs down the road.

Check and monitor your credit. Your credit is key. It will determine if you’re approved for a mortgage, and could also affect your interest rate and loan terms. So check your credit, dispute any errors, and look for opportunities to improve your score, such as making a dent in any outstanding debts.

Pick the right house. Right house, wrong neighborhood? It happens. Be sure to look at local crime statistics, and map the nearest hospital, pharmacy, grocery store, and other places you’ll frequent. Also, drive by the house on various days and at different times to check out traffic and noise levels.

Negotiate the offer. First-time homebuyers often miss the opportunity to negotiate the offer price. This is another way a real estate agent can be helpful. They can provide comparable sales, examine pending sales, and keep you in a reasonable price range.

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30-Year Fixed-Rate Purchase Mortgage Example:
The payment on a $225,000 30-year fixed-rate purchase loan at 3.250% with a 70% loan-to-value (LTV) is $929.22 with 0 points due at closing. The Annual Percentage Rate (APR) is 3.333%. This assumes a FICO score of at least 701. Payment does not include taxes and insurance premiums, which will result in a higher monthly payment. Interest rates and annual percentage rates (APRs) are based on current market rates and are subject to change without notice. Rates offered may be subject to pricing add-ons related to property type, loan amount, LTV, credit score, and other variables. Mortgage insurance may be required for LTV >80%. If mortgage insurance is required, the mortgage insurance may increase the APR and the monthly payment. Stated rate may change or not be available at the time of loan commitment or lock-in.

15-Year Fixed-Rate Conforming Purchase Mortgage Example:
The payment on a $225,000 15-year fixed-rate conforming purchase loan at 2.750% with a 70% loan-to-value (LTV) is $1526.90 with 0 points due at closing. The Annual Percentage Rate (APR) is 2.899%. This assumes a FICO score of at least 701. Payment does not include taxes and insurance premiums, which will result in a higher monthly payment. Interest rates and annual percentage rates (APRs) are based on current market rates and are subject to change without notice. Rates offered may be subject to pricing add-ons related to property type, loan amount, LTV, credit score, and other variables. Mortgage insurance may be required for LTV >80%. If mortgage insurance is required, the mortgage insurance may increase the APR and the monthly payment. Stated rate may change or not be available at the time of loan commitment or lock-in.