First-Time Buyers on the South Coast
Real answers on down payment programs and the process, without jargon or pressure.
You Probably Don't Need 20% Down
Most first-time buyers I work with assume they need a huge down payment saved before they can even start looking. That usually isn't true. I'm Sheri Francis with BOLD Real Estate, and depending on your situation, you may qualify for a conventional loan with as little as 3% down, an FHA loan at 3.5% down, or a MassHousing loan designed specifically for first-time buyers, sometimes combined with down payment assistance that reduces what you need at closing.
The biggest mistake I see is buyers waiting too long to talk to a lender because they assume they're not ready. Often they already qualify, they just don't know it yet.
Get Pre-Approval Guidance
What First-Time Buyers Actually Get From Me
I walk you through the entire process step by step, from pre-approval to closing day, and I explain everything in plain language, no assuming you already know what an appraisal contingency is or how earnest money works. I'll also tell you honestly about a home's condition and any red flags, even if that means talking you out of a property you like, because a first home is too big a decision to get wrong.
That includes helping you understand the numbers behind a purchase, not just the sale price, but property taxes, insurance, and what your actual monthly payment looks like before you make an offer.
Getting Started
I work with first-time buyers across New Bedford, Dartmouth, Fairhaven, and every South Coast town I serve. If you're not sure where to start, that's exactly where I come in. Reach out and we'll figure out your real number together.
Frequently Asked Questions
Do I really need 20% down to buy my first home?
No. Many first-time buyers purchase with 3 to 5% down through conventional, FHA, or MassHousing loan programs, sometimes combined with down payment assistance.
What's the first step to buying my first home?
Talking to a lender to understand your real budget. Sheri can point you toward trusted local lenders before you start touring homes.
Will Sheri tell me if a home has problems?
Yes. Sheri points out concerns honestly, even if it means recommending you pass on a home you like.
Keep exploring
Ready to make your move with Sheri Francis?