Contact a lender first. They will be able to see what you qualify for. Also, sellers will want you to submit your pre-approval letter with your offers. Once you have your financing set up, contact a local Realtor to assist you in your purchase. The Realtor's commission is usually paid by the seller so this should not cost you anything.
You need to start this process by choosing a real estate professional. Choose someone that really cares. The way I get to know a client is to sit down before doing anything and let them tell me what they see in their home. How they will use it, i.e. entertaining, etc. How they use the rooms. Who will be living there with them, if anyone. The point here is, if someone doesn't take the time to get to know you, they can't possibly know what you would like. Make a good connection with the agent or move on.
Getting you in touch with a great Mortgage Lender is definitely the next step. The agent will have someone they have a history with, we won't use someone if we can't depend on them. Through a simple process they will be able to tell you what you can comfortably afford. And you want to know that because who likes looking at things they can't possibly have? Even if you have a problem in your credit history a good lender will help you with getting a plan together to clear it up. Hey, that's also a stress eliminator, right?
You are already doing the first big thing, that's to begin asking questions.
Good luck on your home hunting. If you need help-I'm here!
Welcome to Texas.
The very first thing we want to do is get you with a loan officer to get prequalified for a loan.
Feel free to drop me a line and we'll get you started.
Then once you know all the details like down payment, interest rates, payment, etc, we can start shopping.
Before looking at properties you need to get pre-approved (not pre-qualified) by a lender of your choosing. Most sellers won't look at an offer unless they know you can get a loan.
You may want to check out http://www.naca.com, my program does not require a down payment, closing costs, or perfect credit. Today's rate is 3.25% on a 30-year fixed, our only product. The only limit is the purchase price, $235,600 in DFW.
Contact me with questions.
Mortgage Counselor-NMLS 280951
I would suggest speaking with a loan officer about a mortgage first to see what is the best price range for you. It is best to have a pre-qualification or pre-approval letter from a lender so when you are ready to make an offer, you can submit that with your offer as proof of your ability to pay for the home. This makes your contract more solid than ones from buyers that haven't spoken to a lender. You can also discuss with the lender the amount of down payment that is right for you and your budget.
Feel free to contact me directly and I can give you some lender references and answer any other questions that you may have.
Looking forward to hearing from you.
The first step in buying a home is getting in touch with a mortgage lender. The amount of money you will need for a down payment all depend on which loan you want and can qualify for. A FHA loan requires a minimum of 3.5% down, which is the most common loan for new home buyers. You also have the option of a USDA loan which you can get for $0 down, but it only applies to specific areas. USDA loan does not apply for Frisco, but if you are open to other areas such as Little Elm (only will apply for USDA until September of this year), Celina, Prosper, Savannah, Providence, Aubrey, ect. You also need to find the right real estate agent to assist you in the steps and processes of home buying to make it easier on you, which is at no cost to you. If you would like more information or help finding a home, I would be more than happy to help! I also have a few good lender recommendations if you need one. Feel free to contact me anytime!
RE/MA X Performance Group
You will need to contact a lender to find out how much you would qualify for. Then you can start searching for a home in the amount that you qualify for.
I have lenders that I work with for quite some time and they will be able to help and guide you so you can determine the best loan that suits you. I can also email you properties that are in your search criteria. I have helped many first time home buyers purchase their property and I'd be happy to help you. My service is free to you and my job is to be your source of knowledge and also to guide you every step of the way. Feel free to call me at 469-371-2899.
Susie Kay, RealtorÂ®
GRI, CHMS, SFR
United Real Estate
III Lincoln Centre, 5430 LBJ Freeway #280
Dallas, TX 78240
Servicing your real estate need is my priority!
We have a guy in our office who works for a mortgage company and I would be glad to send him your information if you would like, so you can know exactly how much house you can afford.
I can also set you up in my system to get updates as soon as what you are looking for becomes available on the market!
Let me know,
I am a First Time Home Buyer specialist and have helped many home buyers like you to purchase their dream home here in Frisco, Plano area. I will help you every step of the way from obtaining a loan till closing and beyond. Please give me a call so we can meet this weekend.
I can refer you to several local lenders to assist you in getting pre-qualified and I can also send you a detailed property list matching what you are looking for.
Let me know how I can help.
Sherry M. Cabrera, RealtorÂ®
6900 N. Dallas Parkway, Suite 110
Plano, Texas 75024
A Private Label Realty Company