Our team of experienced lenders are here to help you along the way to home ownership. Whether you are a first-time home buyer or an experienced homeowner, we are here to help you achieve your dreams. We'll work with you every step of the way, from prequalification and completing the application to sitting at the closing table. All of our decisions are made locally. We never sell the servicing of our loans to outside investors. Skip to main content Skip to footer.
Piedmont Federal strives to make home ownership as easy and affordable as possible for qualified, credit-approved first-time homebuyers with two first-time homebuyer loans. Both loans provide the benefit of a lower down payment requirement as well as minimal fees at closing and are available to first-time homebuyers who have not previously owned a residence. Applicants must have a record of paying their bills on time. If little or no credit has been established, payments made on time for insurance, power, cable, telephone, etc. A verification of rent is required for applicant s currently renting. No prior bankruptcies will be allowed.
Buying a home might be the most important financial transaction you'll make in your life. If you're looking to become a homeowner, you'll likely be considering a mortgage to help you finance the purchase. We asked Danny Gardner, Freddie Mac's senior vice president of single-family affordable lending and access to credit, for his best advice on mortgages for first-time home buyers.
Shape Created with Sketch. Return to Zillow. The good news is you can have a smoother and less stressful experience by avoiding these common mistakes:. But you might be surprised to see what kind of house you could potentially buy based on the amount you spend every month on rent. Try plugging some numbers into an affordability calculator to get a better sense of what you need — and how much you have.