Whether it's a primary residence, a second home, or an investment property, buying a home can be exciting! But it can also be overwhelming, even if you're an experienced buyer. And while it's true that today's buyers can easily search the internet for homes on their own, buying a property involves so much more than simply finding the perfect place.
As a buyer, you find yourself having to make a lot of difficult decisions throughout the process. If you hire me as your agent, I can help answer a lot of the questions that come up along the way. "Is the house priced too high?" "What have neighboring properties sold for over the last year?" "What fees are customary for me to pay during a transaction?" And the list goes on....But you don't have to go at this on your own!
After finding your perfect agent, the next step in the buying process should be getting pre-qualified by a lending professional. This is a very important step and here's why:
By calling a lending professional before you begin searching for your new home, you will have an understanding as to what financing options are available to you, how much money you need to have set aside to buy, what your monthly payments will be and how much you can afford to spend. You'll be an informed consumer and having your pre-qualification letter in hand shows prospective sellers that you're serious and ready/able to buy!
Remember, licensed real estate agents are not lending professionals and we are unable to guarantee any type of loan products, extend credit products or guarantee interest rates to or for you. If you need assistance finding a mortgage professional, please let me know.
This is a general and quick overview of the most popular products available in today's marketplace. You should consult with a lending professional to answer any questions you may have pertaining to a specific product. This section on financing is only placed on this site as a courtesy for information purposes only.
USDA Zero Down Loan: This loan is available to eligible borrowers who meet certain lending criteria. This program requires no down payment and is available to individuals who would like to reside in a rural setting. You will still have some out-of-pocket expenses, but this is one of the most affordable ways to homeownership!
Conventional Loan or Fixed Rate Loan: The interest rate stays the same throughout the life of your loan and your payments stay the same each and every month.
FHA Mortgage: Allows you to purchase with as little as 3.5% down, they have a fixed interest rate and your monthly payments stay the same, credit requirements can sometimes be more flexible and they have a nice selection of programs available to borrowers. They even have a renovation mortgage product that allows individuals to make repairs or renovations to a home. This is a great product if you find the perfect home that needs a little work!
VA Loan: This loan is for veterans of the US armed forces, reservists, active duty personnel, or eligible family members. They offer flexible options to assist in the purchase of your new property.
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