Your First Mortgage Payment & Loan Servicing
After closing, your loan will be set up for servicing, which simply means determining who will collect your monthly payments moving forward. Here’s how the process typically works:
1. You close your loan.
2. Your first mortgage payment coupon is in your closing package
3. Once is set up by servicing, they will send you details on how to make future payments.
4. You’ll have the option to set up auto‑draft or another payment method of your choice.

A First Payment Letter will be included in your closing package with all the details you need.

Filing Your Homestead Exemption
If the home is your primary residence, you’ll want to file a Texas Homestead Exemption with your county appraisal district. This exemption:
• Reduces your property tax bill
• Caps annual taxable value increases at no more than 10%
• Protects your home as your primary residence
Homestead exemptions are typically filed in January, and the process is completely free.
A Helpful Reminder
Most new homeowners receive multiple mailers from companies offering to file the exemption for a fee.
Use those mailers as your reminder—but don’t pay for the service. Filing is free, and we’re happy to help you with the process.

We’re Still Here for You
We know this is a lot of information, and it’s normal to feel overwhelmed. The good news is that our support doesn’t end at closing. Whether you have questions about:
• Your first payment
• Loan servicing
• Homestead exemptions
• Future refinancing
• Or anything else related to homeownership
We’re only a text, email, or phone call away.
Your journey to homeownership may be complete, but our relationship continues—and we’re honored to be part of it.

Final Conclusion: Your Path to Homeownership
Buying a home is one of the most meaningful milestones in life—and you’ve now walked through every major step of the process, from preparing your finances to closing on your new home. Whether you’re a first‑time homebuyer in Austin or purchasing anywhere in Texas, this guide was designed to give you clarity, confidence, and a clear roadmap for success.
The truth is, no two homebuying journeys are exactly alike. Some buyers move quickly, others take time to prepare, and many need a personalized plan to get from where they are today to where they want to be. That’s exactly why we’re here. As your trusted Texas mortgage professionals, our job is to guide you, educate you, and advocate for you at every stage of the process.
From improving your credit, choosing the right loan program, and navigating inspections and appraisals, to understanding closing disclosures and filing your homestead exemption—we’re with you every step of the way. And our support doesn’t end at closing. Whether you have questions about your first payment, refinancing down the road, or anything related to homeownership, we’re always just a text, email, or phone call away.
Your dream of homeownership is absolutely achievable, and we’re honored to be part of your journey. When you’re ready to take the next step, we’ll be right here to help you make it happen.