My husband and I recently started looking for a home. It’s a great learning experience whether you’re buying a first home or a new home!

Here’s some of what we’ve learned thus far:

Make sure your credit report doesn’t contain any inaccurate information that might hinder the home buying process, not to mention your overall creditworthiness. You’re entitled to 1 free credit report from each of the 3 credit bureaus per year (Experian, TransUnion, and Equifax), and can request copies  by visiting /speedbump?

Don’t assume that just because you don’t have perfect credit or don’t have a large down payment that you can’t buy a home.  There are many different loan products out there and they have different qualification requirements.   Speak to your Residential Mortgage Lender to see what your options are and to receive more information on credit and down payment options. Remember Rhinebeck Bank is ready to help! For more information on the loan options we offer, visit Mortgage Center. Visit /speedbump? for more information on our lenders.

Preapprovals generally expire after 90 days. This gives you a time frame to start looking for a home! (If you’re still looking for a home after the expiration, speak to your lender and realtor following the 90 days and find out what the next step is.) Please speak with a Residential Mortgage Lender for more information on preapprovals.

Home buying in the Hudson Valley is currently competitive for buyers, but not impossible! Make sure you partner with a great lender and realtor that you can trust, and that you make a strong offer if there’s a home that you really want. Best of luck finding your first or new home!


Rhinebeck Bank, Member FDIC, Equal Housing Lender. All preapprovals and loans subject to credit approval. NMLS 477976.

Amanda Diamond

Retail/Marketing Coordinator