Thinking About Buying a Home This Year? Here’s What to Do First
Buying a home is an exciting milestone, but the mortgage process can feel overwhelming if you are not sure where to start. The good news is that you do not have to figure it out on your own. With a few early steps and the right lender to guide you, the process can feel much more manageable and far less stressful.
At Hickory Point Bank, we are proud to be one of the few truly local banks that understands what matters to buyers in Decatur. We live and work in the same communities as the people we serve, and we care deeply about helping our neighbors succeed. That local commitment shows up in how we communicate, how we support you through the process, and how we work to find financing solutions that fit your goals.
One of the most important parts of the home financing process is having a mortgage lender with whom you can truly connect. Someone you can sit down with, ask questions, and talk through your options face-to-face. At Hickory Point Bank, when we say we are local, we mean it. We are here, we are accessible, and we are ready to meet when you are.
Whether you are purchasing your first home, moving into your next home, or refinancing to support your long-term plans, having a clear strategy early can make all the difference. Just as important, you do not have to be a Hickory Point Bank customer to work with me. Many people are surprised to learn that you can choose Hickory Point Bank for your mortgage even if you do not currently bank with us.
Below are the key things I recommend doing first before you start touring homes or making offers.
1) Begin with a Mortgage Pre-Qualification
One of the best first steps is completing a pre-qualification. Pre-qualification typically involves a review of your income, credit, assets, and overall financial profile.
A pre-qualification can help you:
- Understand your estimated purchase budget
- Identify a monthly payment range that feels comfortable
- Strengthen your position when making an offer
- Reduce surprises later in the financing process
- Pre-qualification provides clarity so you can search for a home with more confidence.
2) Understand What Your Monthly Payment Includes
Your monthly mortgage payment often includes more than principal and interest. Depending on the property and loan type, it may also include:
- Property taxes
- Homeowners insurance
- Mortgage insurance (if applicable)
- HOA dues (if applicable)
Because these costs can vary, two homes with the same price can come with two very different monthly payments. Reviewing a full payment estimate early can help you plan more accurately and avoid unexpected costs.
3) Review Down Payment Options Early
Many buyers believe they need 20% down to purchase a home. While a larger down payment can lower the amount financed and may reduce certain costs, many loan programs offer options with lower down payment requirements for qualified buyers.
When we talk through down payment options early, you can:
- Understand what may be available to you
- Identify a plan that supports your timeline
- Feel more confident about what is realistic
- In many cases, buyers are closer to being ready than they think.
4) Avoid Major Financial Changes During the Process
Once you begin the mortgage process, certain financial changes can impact approval and timing. To help things stay on track, it is best to avoid:
- Opening or closing credit accounts
- Taking on new debt (vehicle loans, personal loans, etc.)
- Making large deposits without documentation
- Changing employment without guidance
- Financing major purchases before closing
If you are unsure, it is always best to ask first. A quick conversation early can prevent issues later.
5) Work with a Lender Who Can Align Financing with Your Goals
Every buyer’s situation is different. Some homeowners are focused on keeping payments stable month-to-month, while others are thinking about long-term savings, building equity, or keeping more cash available after closing. That is why I believe the best mortgage experience starts with listening first. At Hickory Point Bank, we offer a variety of home financing solutions and take the time to match borrowers with options that make sense for their goals. The process should feel personal, not rushed.
When you work with a lender who is local and invested, you also gain a partner who understands the Decatur market and is committed to helping you feel confident every step of the way.
Ready to Take the First Step? I’m Here to Help
If you are thinking about buying a home this year, meeting with a lender early can make a real difference. A short conversation can help you understand what you may qualify for, what your monthly payment could look like, and what to focus on next before you start shopping.
If you feel hesitant, you are not alone. Even experienced buyers often have questions because the market, rates, and lending guidelines can change over time. My goal is to make the process simple, approachable, and clear so you can move forward with confidence.
Schedule a mortgage consultation with me, Judy Lourash, at Hickory Point Bank Even if you do not currently bank with us, you can still work with Hickory Point Bank for your home loan and take advantage of local expertise and flexible financing options.
When you are ready, I would love to meet with you, answer your questions, and help you take the next step with confidence. Send me a message today.
