First-Time Homebuyer in Arkansas? - Stone Bank
First-Time Homebuyer in Arkansas?

First-Time Homebuyer in Arkansas?

If you’re a first-time homebuyer in Arkansas, it’s important to understand the home buying process and prepare accordingly. Here’s a quick guide from Stone Bank to help you navigate the process:

  1. Determine Your Budget: Before you start house hunting, determine how much you can afford to spend on a home. Use a mortgage calculator to estimate monthly payments, and don’t forget to consider additional costs such as property taxes, homeowner’s insurance, and maintenance.
  2. Get Pre-Approved: Once you have a budget in mind, get pre-approved for a mortgage from Stone Bank. Our home loan experts will help you understand what type of loan you can qualify for and how much you can borrow.
  3. Find a Real Estate Agent: A good real estate agent can help you find homes in Arkansas that meet your criteria and negotiate on your behalf. Look for an agent who is knowledgeable about the market in the area of Arkansas you’re interested in and one who has experience working with first-time homebuyers.
  4. Start House Hunting: With your budget and pre-approval in hand, start looking for homes that meet your needs. Consider factors such as location, size, and features that are important to you.
  5. Make an Offer: Once you find a home you like, work with your real estate agent to make an offer. They can help you negotiate the price and terms of the contract.
  6. Inspect the Home: After your offer is accepted, have the home inspected by a professional. This will help you identify any potential issues with the property and make an informed decision about whether to move forward with the purchase.
  7.  Close the Deal: If the inspection goes well and you’re satisfied with the terms of the contract, it’s time to close the deal. This typically involves signing a lot of paperwork, but with Stone Bank’s secure document portal, we’ve streamlined the process to make your closing easy.

With the right preparation and guidance, buying your first home in Arkansas can be an exciting and rewarding experience. Contact Jason Hornsby at or call (501) 435-2064.