Prime Home Team helps first-time buyers understand the real cost of buying a home, compare mortgage options, and use the Prime Buyer Advantage to potentially reduce lender fees.
First-time buyers often pay close attention to down payment and monthly payment, but lender fees and future selling costs can also make a major difference. The Prime Buyer Advantage is designed to help qualified buyers reduce common lender fees and understand the full cost of buying.
Before looking at homes, first-time buyers should understand the payment range, down payment, cash to close, and loan options that may fit their situation.
Request My VA Rate Quote → Get My savings Estimate →First-time buyers can request a personalized mortgage rate quote from Ultimate Mortgage using key preliminary information. This helps buyers understand possible rate and payment options before completing a full application.
Request My VA Rate Quote →The savings estimate can show potential savings from no 1% loan origination fee, no lender processing fee, and future 1.5% listing fee savings.
Use the Savings Calculator →Once the budget and financing picture are clearer, buyers can search homes in El Paso County, Colorado.
Search Homes →A home should be evaluated based on more than the list price. First-time buyers should consider payment, taxes, insurance, HOA dues, mortgage insurance, condition, location, and future resale potential.
Prime Home Team helps buyers understand offer strategy, purchase terms, inspection timelines, appraisal considerations, and negotiation options.
After the offer is accepted, the process may include inspection, appraisal, title review, loan processing, underwriting, insurance, final approval, closing disclosure, and closing.
When the buyer later sells the home purchased through Prime Home Team, the buyer may qualify for the future 1.5% listing fee, subject to the listing agreement and program terms.
The purchase price is only one part of buying a home. First-time buyers should understand both upfront costs and ongoing monthly costs before choosing a home.
First-time buyers may have several loan options depending on credit profile, down payment, income, debt, property type, and eligibility. The right option depends on the buyer’s full financial situation.
The examples below show how the Prime Buyer Advantage may create savings using an estimated 1% loan origination fee and an estimated $600 lender processing fee. These examples also include potential future listing fee savings if the buyer later sells the same home through Prime Home Team.
First-time buyers are often told to get pre-approved early. That can be helpful, but buyers should still compare the full cost of the mortgage before choosing a lender.
If a buyer already has a Loan Estimate, lender quote, pre-approval worksheet, or fee worksheet, it can be submitted for review and comparison against Ultimate Mortgage and the Prime Buyer Advantage.
Looking at homes is exciting, but buyers should understand payment, loan type, cash to close, and lender fees before getting serious.
The interest rate matters, but it is only one part of the loan cost. Points, lender fees, credits, APR, and cash to close also matter.
Down payment is not the only upfront cost. Buyers should also plan for closing costs, prepaid items, taxes, insurance, and escrow setup.
Some buyers accept the first lender quote they receive without comparing origination fees, processing fees, points, credits, and total loan cost.
Most buyers focus only on buying the home. The Prime Buyer Advantage also helps buyers think ahead by offering a future 1.5% listing fee when selling the home purchased through Prime Home Team.
This optional form is for first-time buyers who want help understanding where to start.
If the VA wants to keep this page lighter, the page can simply link to the existing forms instead:
A good starting point is understanding budget, payment range, loan type, down payment, closing costs, and potential Prime Buyer Advantage savings before seriously searching homes.
Yes. Buyers can request a personalized rate quote using key preliminary information. A full application may be needed later for pre-approval, underwriting, and final loan approval.
Not always. Down payment requirements vary by loan type, borrower qualifications, and program. Buyers should request a personalized review before assuming they need a certain amount down.
Cash to close is the total amount a buyer may need to bring to closing. It can include down payment, closing costs, prepaid items, escrow setup, and other costs.
Ultimate Mortgage does not charge a 1% loan origination fee and does not charge a lender processing fee.
Buyers may choose any lender. If a buyer already has a quote, Loan Estimate, or lender worksheet, it can be submitted for review and comparison.
No. Actual savings vary based on borrower qualifications, loan amount, loan program, market conditions, lender pricing, property type, third-party fees, and other factors.
Yes, but it is helpful to understand the mortgage numbers before seriously touring homes or making an offer.
When a buyer purchases a home through Prime Home Team and later chooses Prime Home Team to sell that same home, Prime Home Team will list the property for a 1.5% listing fee, subject to the listing agreement and program terms.
