Chris, I hope you have met with a loan officer by now. The deadline is fast approaching and it is a good idea to sit down with a loan officer and get pre approved if possible. it is going to take longer for the process so allow plenty of time from time you find a house to settlement date.
Once you know for sure that you will get a mortgage you can work with a good real estate agent .

Let's get you and your wife pre-approved and see where you stand. There are homes available in the area that you are looking for, but houses are starting to move a little quicker now. Contact me and we will see where you stand and get you started looking for a new home!!!!!!

Jessi Hrouda
Coldwell Banker Hearthside - Langhorne
(215) 370-4884

CENTRAL LENDING HAS FHA PROGRAMS THAT QUALIFY DOWN TO A 560 FICO.......POSSIBLE

CALL MARK 215 295 9080

Hi Chris,

Yardley is a great town. Try and buy in Yardley or Lower Makefield, not Morrisville. The latter isn't a great town and doesn't have a particularly good school district. You can probably get a nice single family home for $270K or so. You might also consider nearby Trevose or Langhorne (neshaminy school district only). All these towns do not have the 1% earned income tax.

I can also recommend Stan Sobieski at Wells Fargo. He did a great job for me, reached out to me on his own when rates took a dip and I benefited greatly.

If your credit "isn't great", I'd highly advocate doing what you can to give it a bump-up. Short-term, this means paying every bill on time, getting the balance of your cards down and not canceling any cards that you do have.

You'll need at least a 3.5% down payment for FHA loans. Stan can fill you in on the particulars of the FHA loan and where he'd like you to be to achieve the best possible rate when you are ready to buy. So long as you close on or before Nov 30th, you can get that $8K.

Hi Chris,
Great News. Lets get you approved. I am very familiar with Morrisville,Yardley. I need to know what your needs are. Lets get you approved and lets buy a house
Call me .I look forward to helping the two of you in this important step.
Thank you
JenBuschel@gmail.com
Office:215-584-0769

Hi Chris,

My professional advice would be to get a plan together first. The first place to start is with a reputable lender. If you do not know any lenders, your buyer agent can give you a few names of lenders their other clients have used in the past. The lender will ask you questions about your employment, check your credit to see what your scores are. You will need money for a down payment and closing costs. If you go FHA, you will need to put down 3.5% of the purchase price. You will also have what is called up front mortgage insurance that you will have to pay.

If you are not familiar with what I am saying, that is ok. The lender will explain all of it to you.

You can then ask for seller assist from the seller who can help you with your closing costs. If you are not familiar with what seller assist is or how it works, your buyer agent will also explain it to you.

If you feel that you do not have great credit, you will want to straighten that out. You can do that by finding out what exactly you need to take care of by having the lender run your credit. It will take about 30 days once you take care of something on your credit for your score to reflect the changes. It could take longer.

This is just a starting point. Finding a great buyer agent will be a very important part to your buying process. Having someone there to look out for just your best interests will make your buying experience that much more enjoyable.

You can find a buyer agent either here on Trulia or perhaps a friend has someone they can refer you to.

I'd love to talk with your further about your situation.

Feel free to read my blog http://www.reneeporsia.com. You may find it quite helpful.

Renee Porsia
Associate Broker
RE/MAX ACTION REALTY
(215) 669-0589 Direct
(215) 358-1100 Office ask for Renee
http://www.reneeporsia.com

Chris: It matters little where you want to buy. It matters greatly where you can borrow. I'd start my planning with a mortgage company. Our office uses Wells Fargo and a fellow named Stan Sobieski (908 334 4233.) Shop around all you like but remember that the good banks and good local savings and loans will not all be wrong and fly-by-nights will promise the moon (and a few stars as well) but getting them to deliver is very tough.
Happy Hunting.

By the way, I do cover both boroughs and the surrounding Delaware Valley.

Chris,
First off, you don't have until the end of the year for the tax credit. It ends on December 1rst. Second, I would try to improve on your credit the best that you can. Third, save save save as much as you can for a down payment. Fourth, talk to a mortgage professional about what you can do to improve your situation in the next 6 months.
I hope this helps. If you have any other questions, feel free to contact me. the very best of luck to you!

Michael

Michael D Delp
Mortgage Pro
4802 Old Bethlehem Pike,
Telford Pa. 18969
Ph- 215-453-1025
Fax- 215-453-1012
Cell- 610-762-0318
michaelddelp@aol.com
michaelddelp@verizon.net
http://www.mortgagepro.instantlender.com