Purchasing a New Home or your First Home

How do we know what is the best type of financing for our particular family's situation?

The best way for you to determine which program would best suits your family's needs is to sit down with one of our Mortgage Planners and review all of your financing options. Things to consider are: family size, how long you plan to stay in the home, current and projected income and debts, credit history and cash available to close.

Can the seller pay for my down payment?

No. However, the down payment can be a gift from a relative.  The seller can pay for the borrower's closing costs, if negotiated.

What if I have no money at all?

There are programs that allow a down payment assistance grants, in conjunction with seller contributions, can make it so that you buy a home. But with the latest market conditions most of these programs are not currently available.

How do we get qualified for our first home?

By answering the questions in our online application or phone consultation with us. Both can give you a ballpark idea of what price range you can afford. The next step is to get approved.

Buyer Ready Program

NorthwestHomeloan.com, a division of Cobalt Mortgage, offers you the best way to finance a home. Our Buyer Ready program gets you ready to close and puts you in control. Start Now ? then go shop for a new home! 

The first step: Complete our secure online application and authorize us to pull a Mortgage Credit report.

The second step: Review your goals with your Certified Mortgage Planner.

 
The third step: A free Fannie Mae Approval or an FHA Approval
Get a Fannie Mae detailed findings report showing your risk score and loan approval conditions.

The fourth step: A free personalized Rate quote.
Cobalt's advanced mortgage automation pricing delivers product and pricing capabilities - enabling us to source, manage, price and lock loans in real time. We provide our clients with options and a real-time pricing that best fit their financial situation.

The last step:
Receive a Cobalt Mortgage Approval letter. You will need this when you make an offer to purchase a home. We provide you with a written Approval Letter:

• Your maximum eligible purchase amount
• Your maximum loan amount
• Seller paid closing cost requirements