Purchasing a Home
When considering how long it takes to buy a home, it is crucial to consider factors such as financial readiness and mortgage approval. Navigate this process efficiently with First Horizon home loans, with personalized mortgage options and support. Speed up the process while simultaneously making informed decisions regarding homeownership.
Finding a Mortgage
We've helped thousands of people find a mortgage loan that makes homeownership simple, straightforward and affordable. We look forward to helping you finance the home of your dreams.
First Horizon Bank Offers:
- A variety of mortgage options
- Prequalifications
- Fast decisions
- Excellent service
- Knowledgeable staff
Buying a Home FAQs
What are the first steps in the home buying process?
How long does it take to buy a home?
The home buying process typically takes between 30 to 60 days from making an offer to closing. This timeline can vary based on factors such as market conditions, the efficiency of your lender, and the specifics of the transaction.
What is mortgage prequalification and why is it important?
Mortgage prequalification involves a lender reviewing your financial information to determine your loan eligibility and providing a prequalified letter. This letter strengthens your offer on a home by showing sellers you are a serious and qualified buyer.
What types of mortgage loans are available through First Horizon?
First Horizon offers a variety of mortgage loans, including fixed-rate mortgages, adjustable-rate mortgages (ARMs), FHA loans, VA loans, and jumbo loans. Each type has different benefits to suit diverse financial needs.
