My First Home

It’s a good idea to speak with a lender before you start shopping for a home. Connecting early helps you understand your buying power, explore loan options, and get pre-approved—so you’re ready when the right home comes along. Our in-house lending partner, HQ Mortgage, is a great place to start. Their team understands the ins and outs of building with Hunter Quinn Homes and can help you find the best financing fit for your goals.

Understanding your budget is one of the first, and most important, steps in the homebuying process. A lender can help you evaluate your income, debts, credit, and down payment to determine what monthly payment is comfortable for you. You can also connect with our in-house lending partner, HQ Mortgage, for personalized guidance and loan options that fit your goals.

Your lender will review the costs that go into closing on a new home and the monthly payments to sustain it. They take into consideration many variables such as debt to income ratio, credit scores, and down payment contribution (to name just a few) when determining how much you can afford. You can get a rough estimate by using this mortgage calculator.

We often have financing options and limited-time opportunities that can make your first home more attainable. Our in-house partner, HQ Mortgage, offers flexible programs—and depending on your situation, you may qualify for added savings. Reach out to learn what might be available to you.

You can choose one of the move-in ready homes on our website, and can close in about 30 days.

If you prefer to build a new home, once you’ve chosen the site, floor plan, and features, and signed the purchase contract, the homebuilding process takes about 6 months.

When the purchase agreement is signed, you’ll write a check for an earnest money deposit, which usually range from $1,000 to $3,000, but there’s no standard amount. These funds are deposited in an escrow account and credited toward your amount due at closing.
Your lender will be able to estimate your down payment and closing costs based on the home you purchase. This way you’ll know approximate costs before you make an offer on your new home.
You will also pay for the home inspection prior to closing, a fee that averages $300 to $350, but depends on the home inspector you choose.
In advance of your closing date, your lender will provide you with a list of the fees to be paid at closing. The down payment is usually 3% to 5% of the purchase price, and will be determined by the mortgage program you choose.
Closing costs also include an appraisal, attorney fees, origination fees, flood certification, and credit fees. The total generally comprises about 3% of the purchase price of your home. In some cases, the seller/builder agrees to pay some of these closing costs.
You’ll bring these funds to closing either by certified check or wire transfer. Your lender—including HQ Mortgage, if you choose to work with them—will guide you through the preferred method and timeline for payment.. The bank you currently use for checking/savings should be able to wire the amount or print a certified check for you.