FHA is 3.5% down payment and interest rates right now are about 4%. Your payment will depend on several factors including taxes and HOA on the specific property you are interested in.
I would be happy to go over all your home purchase questions. Also, you can visit my website Homes210.org.
Contact me anytime
Karen Watson, Realtor
All of my colleagues have given their 2 cents and all are professional with professional recommendations. However, because you asked, I'll throw in my input....
To apply, you can talk with a lender bor visit with a lender or fill out an application on-line. With my recommendation, she can accommodate you to do any of the 3....she will even take your application over the phone. Here is her info:
Senior Mortgage Banker - SWBC Mortgage
8400 Blanco Rd, Ste 100
San Antonio, TX 78216
She is super easy to work with and you are able to reach her evenings and weekends if needed. Tell her I recommended her. When you are ready to go house shopping, give me a call.
Darrell D. Drouillard
Home Team of America
16719 Huebner Rd., Bldg 4
San Antonio, Texas 78248
'Serving all Your Real Estate Needs'
HUD(FHA) doesn't do loans.... They only guarantee them.
You would apply with a Mortgage Banker.
I would suggest that you not apply with any of tha big banks(Wells Fargo, Bank of America, ect) as I am hearing from my realtor friends that these deals are taking a long time and the clients are getting frustrated,
How do you find a Mortgage banker:
1. Call one of the people here saying "Pick Me, Pick Me'....
2. Consult with friends/family/co-workers and see if they can refer you to a loan officer they used and were happy with.
Good luck., and feel free to ask follow up questions!!
(214) 763-4629 cell/text/nights/weekends(Really!!)
Lending all across the entire Great State of Texas!!
Search Dallas area MLS for FREE. No registration => http://www.ntreisinnovia.net/cgi-ntr/BR_login?0501134
Interest rates are currently below 4%, and I've never seen them this low. If you let me know the monthly payment you would like, I will give you a close estimate of the sales price to expect, along with the 3.5% down payment, and other closing costs.
Licensed Mortgage Loan Officer
100% Home Loans All Over Texas!
Definitely contact a lender. FHA rates are actually much lower than 4%. I am also a mortgage broker and currently I have a rates at 3.75% with a lender credit of over 3%. So that can cover all of your closing costs as well. Other lenders offer the same rate but no credit. On a $150k purchase that credit to you is over $4500.
Call me if you have any questions or would like a GFE.
REALTORÂ® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o 512.669.5599 m 512.633.4157
firstname.lastname@example.org | http://www.AustinListed.com
An FHA loan is just one type of loan, but it may not be the best loan for you. When you sit down with a loan officer, and I do recommend you use someone locally that you can sit down with, ask them what would be your best option. The rate you receive has a lot to do with your credit score and your down payment.
Beware, Loan guidelines may be changing as soon as July, so time is of the essence. You can contact myself at 210-897-2645 and I will be more than willing to guide you through the process, or, you can contact Kendall the loan officer I use at 210-383-3357, and he will be able to give you the best options for you particular situation. Good Luck!
You can apply online at: http://www.DHIMortgage.com/Kasey-Hampton - it's quick, easy, and free.
She always has the lowest rates, and she is the best of the best at what she does... I've never seen anyone beat her :)
2. you will be required to complete a loan application
3. loan officer will qualify your for a home loan
Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
Multimillion Dollar Sales Producer
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Great question, you may want to contact a lender. I have a great lender with whom I work with, she is awesome. She has been in the biz for more than 20 years. If theres anything I can help you with, call anytime. Thanks for reading.