Skip to main content
_FB_2018-Icons-finalized-cleaned-up_new_FB_2018-Icons-finalized-cleaned-up_newGroup 9
Back
Scroll to top

Helpful Apps for Homebuyers

Homebuying 4 min read
Hand pointing at iPad with home buying app on screen

Ready to talk to an expert?

There are few industries as fast paced as home buying, so it’s no surprise these days that purchasing property has gone mobile. As you might expect, there are all kinds of tools and apps for your tablet or Smartphone that you can use to get ahead of the competition.

In fact, there are so many real estate apps that it can almost be overwhelming. And for such an important purchase, you’ll want a trusted source of information. Let’s take a look at some of the best mobile apps out there that you can use on the fly to help you through the home buying process.

Listing or MLS apps

Most major listing apps allow you to instantly search local “multiple listing services” (MLS) that real estate agents and sellers use to give consumers a mostly comprehensive list of properties for sale in an area.

These apps allow you to search homes within multiple criteria and will be your go-to tools for finding houses or homes in the locales you choose.

Real Estate by Trulia is one of the most downloaded and consistently highly rated apps in the home buying industry. Using a built-in instant search GPS feature that can find local houses on the fly, Trulia adds components like “Local Info” that display interactive maps with crime statistics and schools in a specific area. And of course, the app has more sortable criteria than you can imagine and millions of home listing nationwide.

Zillow Real Estate joins Trulia as the 2 leaders in home buying apps in terms of downloads and ratings. Zillow puts 100 million searchable properties at your fingertips and even allows you to set notifications for your favorite properties. The app also estimates prices in certain locations of your choice based on market trends in the area.

Realtor.com’s Real Estate app is known as being the favorite of real estate agents because it tends to have the most up-to-date information, sourcing more than 800 MLSs nationwide. The majority of listings update every 15 minutes, and the app will let you search accurate price estimates with the “Area Scout” feature.

Redfin Real Estate has a smaller scope than other comprehensive apps but is well-known for covering urban and metropolitan areas. One of the unique features of Redfin are exclusive “Agent Insights” notes on individual properties, and the app developers boast that you’ll find 20% more homes for sale on this app than the competition.

Tools for homebuyers

Of course prospective homebuyers need to find homes for sale, but what about after you’ve found them?

Whether you need to take notes or find out more information on a property, the following apps are fantastic tools that every home hunter needs to add to their Smartphone.

HomeSnap is one of the more unique and must-have apps available to home shoppers. If you’re checking out a property and want to know more, just take a photo of the home and upload it to the app. If available, the HomeSnap will display interior photos, historic selling prices, and sale history from local MLS listings.

AroundMe fulfills the first rule of real estate: location, location, location. This app uses GPS to find your exact location and then shows restaurants, shops, and other businesses to give you a feel for the surrounding neighborhood. One neat feature is an instant showing of the nearest bank, bar, gas station, hospital, hotel, movie theater, restaurant, supermarket, theater, and taxi service for a certain address.

Trulia Mortgage Calculator delivers exactly what it promises in a simple, easy-to-use design. This app can help prospective buyers determine their spending limits by calculating your monthly mortgage payment. You can also see side-by-side specialized loan quotes from different lenders, compare lender ratings and reviews, and even be put directly in touch with agents. A refinancing calculator, payment trends, and an affordability calculator are all included.

Ready to talk to an expert?

Share:
First Bank’s Good To Know Logo
Sign up for our newsletter and be the first to know about new tips, insights, and products from First Bank.
First Bank may use this email address to contact you about products, services, and promotions.

You may be interested in...

Conventional Mortgage Loans Applying for a home loan can be a strenuous process, especially if you’re unsure which type of loan is the best fit for your financial situation. Before you apply, it is important to understand the two types of loans available to you: conventional mortgage loans and a government-backed loans. In this article, we’ll break down the basics of conventional loans. What are Conventional Mortgages? Conventional loans can have fixed or variable interest rates, which can be impacted by your credit score. Qualifications for conventional loans are usually stricter than government-backed loans because they carry a higher risk for banks and private lenders. If the borrower defaults on the loan, the banks and private lenders are not protected. These kinds of loans are not insured by the federal government, but they are still required to follow guidelines set by the Federal National Mortgage Association—a.k.a. Fannie Mae and Freddie Mac. A Conventional Loan to Meet Your Needs If you live in North Carolina or South Carolina and are looking for a flexible and affordable conventional loan,* look no further than your local First Bank. We offer both adjustable-rate and fixed-rate mortgages with a range of features and benefits that are sure to fit your specific financial needs. Conventional Adjustable-Rate Mortgages This kind of mortgage loan changes periodically depending on shifts in the corresponding financial index associated with the loan. ARMs generally have a lower initial interest rate than fixed-rate mortgages. Both your interest rate and your P&I (monthly principal and interest) payments will stay the same for an initial period of 3, 5 or 7 years. After that it will adjust periodically. Interest rate caps set a limit on how high your interest rate can go for your P&I payment for each adjustment and over the life of the loan. Loans are available for 30-year amortization schedules. Conventional Fixed-Rate Mortgages Your interest rate and P&I payments stay the same for the life of your loan. That predictability for your monthly P&I payments enables you to budget more easily. This kind of loan is available in a variety of loan term options, and it protects you from rising interest rates no matter how high they fluctuate. This option is good for individuals or 3 min read
First Time Buyer? For most of us, buying a home is the largest purchase we’ll ever make. If you are a first-time homebuyer, you may be asking questions like, “What is a first home mortgage?” What is a First Home Mortgage? A first home mortgage is a loan you will use to purchase your first home. These loans can come in a variety of forms, from conventional home loans to FHA loans for first-time homebuyers. First Bank offers the following mortgage loans* for first-time homebuyers: Conventional Loans Government loans Professional loans Construction loans Jumbo loans In addition to providing a selection of mortgage opportunities, First Bank also offers a wealth of information about what a first home mortgage is and what can be expected when shopping for your first home. Tips for Buying Your First Home Knowing what a first home mortgage is can go a long way toward easing the process of turning that key for the very first time. U.S. News and World Report highlighted some of the most common mistakes first-time home buyers make and how you can avoid them. Among them were: Searching for your dream home before being pre-qualified for a loan. The reality of what a first home mortgage is can be vastly different than what you were hoping for. Take the time to seek out a mortgage loan specialist at a place like First Bank so you can find out what you can afford and what your expected monthly expenses will be. Thinking short-term. First-time buyers are often so focused on moving in that they don’t ever consider moving out. Chances are, you’ll one day be ready to move into another home as you start a family or change jobs. Think about the factors that will affect how you’ll be able to sell your home in five years such as economic growth in the area or neighborhood expansion. Making an emotional decision. It’s important to sign a mortgage paper with your head and not with your heart. You may be overlooking some serious red flags such as expensive repairs, structural damage, or mold simply because you’re in love with the open layout. Find a First Bank Near You Ready to get started? Check out First Bank’s guide 3 min read
Jumbo Home Mortgage Loans If you are thinking of buying a home with a higher property value and can handle larger monthly mortgage payments, a jumbo loan could be a suitable option for you. Jumbo loans are typically offered with the same options as conventional loans, and you may even be able to add extra features, such as interest-only payments or temporary buydowns. What Is a Jumbo Mortgage Loan? A jumbo home mortgage, or non-conforming, loan is any mortgage amount that exceeds the conforming loan limit set by the Federal Housing Finance Agency. Because jumbo loans cannot be issued by Fannie Mae or Freddie Mac, they often carry more credit risk and have slightly higher interest rates than other loan options. The current conforming loan limit is set at $510,400 for a one-unit property in the contiguous United States (including D.C. and Puerto Rico). So, if you want to buy a house for more than $510,400, your loan will be considered jumbo. Jumbo loan limits also vary depending on location of property and number of units on it. In Alaska, Guam, Hawaii, and the U.S. Virgin Islands, jumbo loan limits are higher. Things to Consider: Interest rates are usually slightly higher with jumbo mortgage loans than on conforming loans with lower amounts. If you choose the interest-only option, you cannot build equity through monthly payments without making voluntary principal payments during the interest-only period. Jumbo Loans from First Bank: First Bank offers jumbo loans in a variety of fixed-rate and adjustable-rate options. To learn more about our Jumbo Loans or any of our other home mortgage options, visit your local First Bank branch to speak with a mortgage specialist. Loans subject to credit approval. ———- Sources: Jumbo Mortgages: Definition, Rates and Loan Limits http://www.investopedia.com/terms/j/jumboloan.asp https://localfirstbank.com/mortgage/loans-programs/jumbo-loans/ Locations 2 min read
First Bank logo
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognizing you when you return to our website and helping our team to understand which sections of the website are the most popular and useful.