Millennial Homebuyer Customer Story

We love hearing from our customers after they’ve settled into their new home. Today, Lydia F. shares her experience as a first-time millennial homebuyer.

For millennials, the dream of homeownership often seems unattainable. I am a 27-year-old single woman and have been stuck in a renting cycle for years. Personally, I don’t know many homeowners who are my age. But as of recent, I am happy to say that I am a new homeowner, thanks to Ross Mortgage.

To be quite honest, I never thought I was in the right place in my life to purchase a home. It seemed like such a big responsibility, from both a lifestyle and financial perspective. Could I do it? I wasn’t sure. It was only until a few months ago when I met a Ross Mortgage loan officer through a coworker that things shifted into place.

My loan officer offered to pull my credit score and see if I was eligible for pre-approval. To my surprise, I was pre-approved for a mortgage loan almost instantly! Based on my pre-approval, my loan officer gave me a price range to start searching for homes, educated me on the types of loan products I qualified for—FHA and FHA 203(k)—and put me in touch with a realtor.

After my pre-approval, I couldn’t stop thinking about the possibility of homeownership. I liked the idea of having my own place, and I was sick of throwing money away while paying for rent. With the help of my loan officer and realtor, I was able to find a purchase my first home in just a few months. It was a dream come true!

Although I didn’t talk to other lenders prior to working with Ross Mortgage, I knew I didn’t want to work with a bank or large corporation. It worried me to think about working with a big company because you never know who you’re working with, and I didn’t want to be treated like “just another number” during one of the biggest purchases of my life.

I really liked that Ross Mortgage was small, and that my loan officer was someone I could trust. I got a family vibe the moment I started working with Ross. I could tell it was a close-knit group of people and that everyone had my best interest in mind. I always felt like I was the only person my loan officer was working with.

During the home buying process, I found the My Mortgage by Ross Mortgage app extremely useful. The mortgage calculator is the best thing ever, and I was constantly using it every time I found a house I was potentially interested in.

Although buying a house is exciting, it can be stressful and scary at times. The Ross Mortgage team saved me a lot of time and sanity during the home buying process because they spoke to me in terms I understood. I didn’t know anything about the mortgage business prior to the purchase of my home, and I appreciated their willingness to explain anything and everything I questioned.

If you’re like me—a millennial first-time homebuyer—and you think homeownership isn’t for you, I challenge you to reach out to a Ross Mortgage loan officer and see if you can get pre-approved for a mortgage loan. The reason I didn’t think I was ready for homeownership is because I had no idea how much a mortgage cost and I didn’t think it was something I could afford. I always thought a mortgage was a giant, extravagant expense. The reality? My mortgage payment is cheaper than my previous monthly rent, and I’m building equity. It’s been an amazing journey. Thanks to Ross Mortgage, I’ve started a life for myself. I have my own piece of property at the age of 27!

Whether you’re a first-time homebuyer, or this is your second (or third) time purchasing, I would absolutely recommend Ross Mortgage to any hopeful homebuyer out there. Thank you, Ross Mortgage!

If you’re thinking about buying a house, our team of professional lenders can help you take the first step. To start your journey to homeownership, send us a message or give us a call at 800.521.5362.


Tim Ross is CEO of Ross Mortgage Corporation and a lifelong mortgage lender. He has served as president of the Mortgage Bankers Association of Michigan and two terms as a governor on the Residential Board of Governors with the Mortgage Bankers Association of America. Today, Tim is an active participant, charter member and past director of America's Mortgage Cooperative and recently served as the Chairman of the Mortgage Industry Advisory Board for the State of Michigan. Outside of work, Tim enjoys running, golfing and participating in triathlons.

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