First-Time Home Buyer Guide
Step-by-step guidance for your first home purchase in Grand Rapids, across Michigan, and in any of the 16 states we're licensed in — with Lake State Mortgage.
Choose Where To Start
Your Home Buying Journey Starts Here
Buying your first home is a huge milestone, but big bank jargon can make it confusing. At Lake State Mortgage, we simplify the process with personalized guidance and a wide variety of traditional and niche loan programs to fit your individual goals.
- Personalized mortgage roadmap
- Wide variety of loan programs
- Clear, proactive communication
- Stress-free closing process
The First-Time Buyer Advantage
Low Down Payment Loans
Conventional loans starting at 3% down and FHA loans at 3.5% down.
0% Down Programs
VA home loans for Veterans & Military families, and USDA loans for eligible Michigan areas.
MSHDA Down Payment Assistance
Michigan State Housing Development Authority programs offering up to $10,000 toward your down payment and closing costs.
Flexible Qualification
Custom guidelines tailored to your income and credit background — including bank statement options for self-employed buyers.
The First-Time Buyer Process
Six simple steps to owning your first home.
Initial Consultation & Pre-Approval
Before house hunting, get pre-approved with Lake State Mortgage to establish your exact budget and strengthen your offer.
Partner with a Local Realtor
Work with a trusted local real estate agent who understands your market.
House Hunting & Offer
Find your ideal property and submit a competitive purchase offer backed by your pre-approval letter.
Home Inspection & Appraisal
Perform a thorough property inspection and verify value through a licensed appraisal.
Underwriting & Processing
Our team processes your documents quickly and keeps you informed every step of the way.
Closing Day!
Sign final documents, receive your keys, and welcome home!
Popular Programs for First-Time Buyers
Explore the loan programs that help first-time buyers get into a home with less upfront.
Verified 5-Star Reviews
Over 200 5★ verified reviews from homebuyers like you.
"Kevin Wildman of Lake State Mortgage and his assistant, Christina, are like a godsend!!!"
Kevin Wildman of Lake State Mortgage and his assistant, Christina, are like a godsend!!! From the very first day I spoke to Kevin and all the way through the process, he was very kind, humble, patient, professional, attentive... Shall I go on? They were with us every step of the way!
Robert Shipley
Zeeland, MI
"Very Customer Focused"
Kevin and his team were prompt, friendly, and very available, even off hours. His team members were extremely helpful, and helped us complete all documentation easily and quickly. They also answered questions outside their area to help us with closing.
Aaron R.
Spring Lake, MI
"Amazing Service"
Lake State Mortgage provided excellent service. Every member of the staff was courteous, thorough, and quick to assist us with every question or issue. They even helped us find an agent to provide a great home insurance premium. We closed with a VA loan in four weeks!
April Norcross
Grand Rapids, MI
"Investment Home - Refi (AWESOME LENDER!)"
We found Kevin and learned about our various options with refinancing the home in order to re-invest in another property. Kevin was incredibly helpful, resourceful and guided us through every step of the process. We are definitely using him for all our mortgage needs in the future!
Jo Gamrot
Muskegon, MI
"Purchase on a new home - Record time closing!"
Kevin and his team are amazing! They were efficient, and were able to close my mortgage for me in record time. I was with a different lender at first that gave misleading information and expectations that were never met. So I switched my mortgage to Kevin's office and it was smooth sailing!
L. Decker
Indian River, MI
"Seamless MSHDA Down Payment Assistance"
Lake State Mortgage helped us secure $10,000 in MSHDA down payment assistance as first-time buyers in Grand Rapids! Kevin Wildman and his team walked us through every requirement without making it feel overwhelming.
Michael & Sarah K.
Grand Rapids, MI
Frequently Asked Questions
Common questions from first-time buyers.
Ready to Get Started?
Choose from our easy ways to start your mortgage journey with Lake State Mortgage.
Get Pre-Approved
Instant digital application via our secure online portal.
Apply Online Now