June is National Homeownership Month a time to celebrate the joy, pride, and freedom that comes with owning a home. A house is more than just a roof over your head; it’s building memories, creating stability, and achieving a lifelong dream. At Jefferson Bank, we’re here to make that dream a reality with personalized mortgage solutions and expert support every step of the way.
Whether you're buying your first home, upgrading to fit your growing needs, or simply exploring your options, there’s no better time to take the leap. Together we can turn your homeownership goals into milestones worth celebrating.
What is National Homeownership Month?
Originally established as National Homeownership Week by President Bill Clinton in 1995, the goal was to increase homeownership across America by recognizing the significance of owning a home to the American Dream. In 2002, it was expanded to a full month by President George W. Bush, emphasizing the social, economic, and personal benefits of homeownership.
The purpose of the month is twofold:
- Celebrate Ownership – Salute those who’ve worked hard to become homeowners.
- Enable More Buyers – Empower individuals and families with knowledge, resources, and financial solutions to make buying a home more accessible.
Homeownership is a key pillar of financial stability, offering both a place to live and a foundation for building long-term wealth.
Why Owning a Home Is Life-Changing
Few milestones are as rewarding as purchasing a home. Here’s why homeownership is more than just having a roof over your head:
1. Financial Advantages: Owning a home is an investment in your future. Some key financial benefits include:
- Equity Building: Each mortgage payment gets you closer to owning your home outright while increasing your equity.
- Tax Benefits: Homeownership can make you eligible for federal and state tax deductions.
- Long-Term Savings: Over time, paying a fixed mortgage often costs less than rising rent prices.
2. Control and Customization: Homeownership gives you the freedom to make your living space a true reflection of your personality and needs.
3. Community and Stability: Owning a home often means a deeper connection to your community. Homeownership fosters stability, security, and a sense of belonging for families.
4. A Legacy for Your Family: Your home is a lasting asset that can be passed down to future generations, providing them with a strong financial foundation.
How Jefferson Bank Supports Your Journey to Homeownership
At Jefferson Bank, we’re committed to being your partner every step of the way. From finding the perfect loan to closing on your dream home, our team offers personalized support and solutions designed to fit your unique needs.
Here’s What We Offer:
- Home Mortgages: Whether you’re looking for a conventional loan or something more tailored, we have a variety of mortgage products, including FHA loans, VA loans, and USDA loans, to fit almost any situation.
- Home Equity Loans & Lines of Credit: Turn the equity you’ve built into the cash you need for home improvement projects, college tuition, or other significant expenses.
- Refinancing Options: Find out if refinancing your current mortgage could save you money in the long term or reduce your monthly payments.
- Down Payment Assistance: We have access to various programs to make homeownership more affordable for qualified buyers.
- First-Time Homebuyer Support: We specialize in helping first-time buyers, ensuring you have the answers, resources, and support you need for this milestone.
Tools to Simplify the Process:
- Mortgage Calculator: Want to know how much house you can afford? Use our mortgage calculator to estimate your monthly payments.
- Pre-Qualification: Get pre-qualified to streamline the buying process and gain a competitive advantage when you make an offer.
- Online Application: Start your mortgage application online in just minutes for a fast, simple, and secure process.
Tips for First-Time Homebuyers
Buying your first home can feel overwhelming, but with the right preparation and guidance, it doesn’t have to be. Here are some tips to get you started:
- Determine Your Budget: If you’re renting, the amount of your current rent is a safe number to start determining how much you can afford. Be sure you take your complete financial picture into account.
- Check Your Credit Score: Generally, a higher credit score means you have a better chance of getting approved and securing a lower interest rate.
- Save for a Down Payment: Depending on your loan type, you may need to save anywhere from 3% to 20% for a down payment.
- Get Pre-Qualified: Pre-qualification shows sellers you’re a serious buyer and helps you narrow your search to homes within your budget.
- Work with Experts: A Jefferson Bank mortgage lender can guide you through the entire process, from pre-qualifying to closing.
For a comprehensive picture of what to expect when buying a home, check out our First Time Homebuyers Guide.
Protect Your Investment with Insurance
Once you’ve found the perfect house, you’ll need a solid insurance policy. Insurance is required by lenders to obtain a mortgage loan, which makes it an essential part of homeownership. Our insurance affiliate Sanger & Altgelt can help you determine the right policy and coverages to protect your home and everything inside it. No matter your stage in the homeownership process, having the right coverage ensures peace of mind. Even if you’re renting while preparing to buy your first home, renters’ insurance can safeguard your belongings and protect against unexpected events.
Connect with Sanger & Altgelt today to learn more about these protections.
Build Your Future with Jefferson Bank
National Homeownership Month is a reminder of how empowering homeownership can be. It’s about more than just owning a property; it’s about building a foundation for your financial future, growing your family, and finding a place to call your own.
At Jefferson Bank, this is personal to us. We’re here to support you at any stage of your homeownership journey: from first-time buyers to seasoned homeowners looking to refinance.
Take the first step toward your homeownership goals today. Contact our experienced team of mortgage lenders at Jefferson Bank or start your online application now.
All loans are subject to credit approval.
Down payment assistance programs (DPA) vary and may restrict income to 80% or below Area Median Income. DPA sources may be available for a limited time. Check with your lender to verify income restrictions and DPA availability to see if you qualify.
Consult your tax advisor about specific deductions for homeowners.
