Ryan Howard
Mortgage Advisor Licensed In Oregon & California
NMLS:#2253977
Welcome to my page where you can get to know me a little more and learn some basics of the home buying process.
Customer Reviews | Average Rating 4.8
“Ryan and his team were amazing in helping us get our first home loan. We were a bit shy going into our first buy but Ryan guided us in the right direction and gave us useful advice along the way, was always there when we needed him and answered any questions we had along the way. I would totally recommend to anyone looking to purchase or refinance. Thanks Ryan!”
“Ryan was INCREDIBLE and I would absolutely love to recommend him to anyone. Our experience with Amerisave, however, has a lot of room for improvement. We were told that my client's income was verified and reassured the listing agent based on that information. The sale nearly fell apart for that reason. Ryan saved the day though and got us to the closing table. Thank you so much, Ryan!”
“Ryan found the home that I was qualified to buy and that was outstanding! 2. The timeliness to make everything happen was unbelievably amazing (2 weeks or so) 3. I'm not certain that my ratings are necessarily reflective of Ryan because they were more around the duplicitous processes and requests due to an automated system that he does not control. It got very confusing and frustrating. All in all he found my house, got everything done in record time and was really helpful and answered any and everything I threw at him very quickly.”
About Me
Born and raised here in Oregon, I have spent my whole life exploring what this wonderful state has to offer and continue to do so to this day. In the summer I love spending time near any body of water with my doggos, Mike and Gary or playing golf with friends, clients, and business partners. In the winters I can be found cozied up by my wood stove or up at the mountain skiing or snowmobiling. Prior to my career in the mortgage industry, I worked in the construction industry learning the ins and outs of numerous different trades. I secretly love when something breaks around the house because it gives me a reason to dust off my tool bags and see if I still know how to use them.
As for the working as your Mortgage Advisor, I believe in the value of home ownership and understand the importance of finding the right loan to achieve your goals. With a deep understanding of the many loan programs, I work diligently to understand each client's needs, and find mortgage solutions to best fit their financial goals.
Throughout the borrowing process you can count on me to be a trusted guide through the loan process and ensure that your loan is completed thoroughly, accurately, and on time. I am backed by a dedicated team of operational experts and state-of-the-art technology designed to make the loan process easy and efficient.
Want a quick rundown of the home buying process?
I've got you covered! In this video I'll give a high level overview of the entire process.
FAQs
How Does Home Buying Work For A First Time Home Buyer?
Buying a house for the first time starts with gaining a solid understanding of the process. Transitioning from renting to owning is achievable with the help of experienced and professional partners. First time home buyers should begin by researching lenders and connecting with a licensed loan originator. Next, a prospective home buyer should prepare to discuss their income, assets and home buying goals with their lender. First time home buyers should expect to provide personal information and financial information for review during a pre-approval process. The pre-approval process will help a first time home buyer know how much home they can afford before they begin house hunting. After getting pre-approved, a first time home buyer should research properties that fit within their budget.
How Much Down Payment Does A First Time Home Buyer Need?
There are many down payment options available for first time home buyers. First time home buyers are not required to make a 20% down payment on a home unless they choose to do so. In fact, many homeowners are approved for mortgages with down payments below 10%. There are many first-time home buyer mortgage programs that offer a minimum down payment as low as 3%. There are also low and no down payment mortgage loan options available for first time home buyers. Some of the loan programs that offer these attractive down payment requirements are FHA loans, USDA loan, VA loans and specific conventional loan programs from Fannie Mae and Freddie Mac.
What Do First Time Home Buyer Need To Know Before Buying?
Before starting the home buying and mortgage application process, first time home buyers should keep in mind these helpful tips. First, check your credit score, improving your credit score before applying for a mortgage can help you to qualify for a lower interest rate and could help you increase overall affordability. Next, consider fixed-rate and adjustable-rate loans and compare different terms based on your financial goals. Third, obtain a pre-approval from a licensed loan originator before house hunting; this can make sellers see you as a more attractive buyer. Lastly, once your mortgage application is submitted, avoid buying furniture on credit or using credit cards to make other large purchases; this could negatively affect your credit score which could jeopardize your loan in its final stages.
How To Qualify As a First Home Buyer?
Qualifying factors for first time home buyers will vary based on the mortgage program and lender they choose. Usually at minimum, first time home buyers need to provide a proof of reliable income. In addition, depending on the loan program, first time home buyers should also have at least a fair or good FICO score typically 580 or higher and a debt-to-income (DTI) ratio that conforms to certain mortgage underwriting guidelines. An experienced loan officer can help you learn your DTI. Although there are low and no-down payment options for many first-time home buyer mortgage programs, first time buyers should prepare to save some funds toward a down payment, closing costs, taxes and moving costs.
What first time home buyer programs are available?
There are a variety of mortgage loan programs available for first time home buyers. First time home buyer programs from the FHA, VA, and even certain conventional loan programs like HomeReady and HomePossible can help first time home buyers achieve their financial goals. In addition to the government and conforming conventional loan options below, additional first-time home buyer programs vary from state to state based on local incentives and offers.
What Are First Time Home Buyer Benefits?
Some of the most common benefits offered to first time home buyers during the mortgage process include low to zero down payment options, more flexible credit requirements, less stringent debt-to-income eligibility ratios and even discounts on additional fees like closing costs. In addition, there are also some federal and state credits, grants and tax benefits offered exclusively for first time home buyers, such as origination fee reductions or down payment and closing cost assistance programs.