First-Time Homebuyer Help

Thelen Mortgage has established many relationships with multiple lenders, title companies, realtors and appraisers in Gallatin Valley and all of Montana. Our knowledge of the local real estate markets and access to all First-Time Home Buyer programs allows our borrowers to receive the best possible service and rate options available. Below are just some of the programs we participate in. Apply with Thelen Mortgage today to ensure you take advantage of all the great loan programs available!

  • Lender Down Payment Assistance program (Buyers 1% Down, Lender Pays Down Payment of 2%)
  • Zero Down USDA Rural Development Loan
  • Zero Down VA Purchase with No Mortgage Insurance
  • Freddie Mac Home Possible Loan
  • Fannie Mae Homepath Loan
  • Montana Board of Housing
  • All FHA products

As a first-time homebuyer, you have an exciting journey ahead. We know applying for your first mortgage loan and navigating a complex housing market can be daunting. At Thelen Mortgage, we want your first home purchase to be a rewarding experience and we’re here to help first-time home buyers any way we can.

Your mortgage loan originator can answer any questions you may have along the way. In the meantime, here’s some practical advice to get you started on the right path to buying your first home.

How much house can I afford?

It’s not uncommon to “qualify” for more mortgage than you can comfortably afford – so it pays to borrow cautiously. Here’s some simple advice with links to mortgage rates and easy-to-use mortgage calculators.

What are the different types of mortgage loans?

Fixed-rate loans, ARMs, FHA loans, VA loans, jumbo loans – the list may seem long, but it may be in your best interest to become a knowledgeable first-time home buyer and understand your loan options.

What are mortgage points?

Some home buyers get lower payments by paying a percentage of interest up front. This option, called “buying points,” can lower your interest rate and monthly payments – but it may not be right for everyone.

What is a mortgage APR?

The Annual Percentage Rate helps you compare payments and total cost between mortgage offers -it’s just one of the many factors to consider when shopping for a mortgage loan.

How does my credit score affect my mortgage rate?

Good payment habits and a low debt/income ratio can mean a lower mortgage rate – and if your credit score isn’t what you want it to be, you can improve it over time.

What’s the difference between pre-qualification and pre-approval?

Both pre-qualification and pre-approval show you’re a serious buyer – one gets you started and the other makes it official. It’s important to understand when to do which.

How do I make an offer on a house?

Making an offer on a house is a formal process, which is why it may be helpful to have a competent, experienced real estate agent on your side. Here are some tactics to discuss with your real estate agent.

Apply today with Thelen Mortgage via or phone app, website, or call 406-388-4011 to speak with one of our loan officers to begin your new home purchase process.