Please do not hesitate to contact me if you have any questions or concerns.
Looking forward to work with you.
Broker / Owner of AATRealty
Your current FICO score is high enough to qualify for a FHA loan. That is one piece of the puzzle; another is debt ratio. With my program your monthly debt to income ratio cannot exceed 40%, so based on your monthly income of $3858 you'd be looking at a maximum total monthly mortgage payment of $1333 which would get you a purchase price of about $165-170K. If you have other debts on credit in addition to the student loans that would reduce the maximum payment by the minimum payments on that debt, and obviously would reduce the purchase price.
There are going to be other documents that you'd need to go over to get a full idea of your situation. At this point you should be saving as much as your budget allows to create options for yourself in buying a home, and always make sure that all bills are being paid on time, and you have a way to prove your rental payments for the last 12 months.
You are smart to look at buying a home if possible so you don't waste money on rent. Since it's early in your career buying a manageable home would be my suggestion.
Contact me if you think I can be of help.
Mortgage Counselor - NMLS 280951
You need to talk to a lender/mortgage advisor to see how much you'll qualify for a loan. 671 isn't a bad score and I have clients with much lower score approved for a loan.
Let me know if you need me connect you with one or two lenders. They have helped many of my clients obtain a loan.
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!
Getting prequalified for a loan normally only requires a short phone conversation with a lender, and can greatly help your home search. Prequalification does not guarantee you a loan, but it does provide you with an estimated monthly payment and a price range to use as a guide when shopping for homes. Being prequalified can also often indicate to sellers that you are a serious, prepared buyer.
Deciding on the financing for your home can be as important as choosing a home itself. The first step is deciding what kind of loan best fits you: a fixed rate mortgage, or an Adjustable Rate Mortgage (ARM). There are benefits to each form of loan, and a lender can provide you with more information.
Tammy Hayes, Realtor
Re/Max Palm Realty
The lender will also give you advice as to how to increase your credit score which would lead to a better mortgage rate.
It would be in your best interest to contact a mortgage lender. They can help you with improving your credit score and get you prequalified for a loan. A lender will tell you what monies you will need at closing and the price range you should look for. I have the names of lenders who can help you, if you would like to contact me.
William Davis Realty
I've had a book published on Amazon called Buying a Home: Don't Let Them Make a Monkey Out of You. It'll teach you how to buy a house without getting ripped off. Follow the link below.
Best of luck!
Whether youâ€™re, buying, building or Re-Financing your dream home, you have a lot riding on your decision. Market conditions and mortgage programs change frequently, and I welcome the opportunity to serve your needs with quick and accurate real estate financing advice. I have the expertise and knowledge to help you determine the absolute best loan program to meet your objectives. Get my Top 25 Questions for FREE that you should be asking your lender before you choose them to secure a mortgage along with a FREE copy of The 8 Deadly mistakes to avoid when buying a Home. If you are already working with a lender, donâ€™t be shy to give me call so I can price the same mortgage for you with less cost. What do you have to loose but your money?
Ensuring that you make the right choice for you and your family is my ultimate goal. I am committed to providing my customers with mortgage services that exceed their expectations.. As always, you may contact me anytime by phone, fax or email for personalized service and receive expert advice from a Bank Mortgage Banker who is responsible for the decisions on all mortgages coupled with over 17 years of experience in the industry.
I look forward to working with you! And making your dreams a REALITY
5700 Granite Parkway, Suite 200 Plano, 75024
Office: 469-347-3572| Fax: 484-685-7757
Start with the free e-book I have linked you to above.
Call me with any questions you have.
We can pre-qualify you without pulling credit so you have a price range to look for.....
(214) 763-4629 cell/text/nights/weekends(Really!!)
Lending all across the entire Great State of Texas!!
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9yr Veteran navigating Mortgages for wonderful clients.
So don't take on more debt. Pay down credit cards or other loans. Make payments on time. Save for a down payment and closing costs. Live well below your means until you buy. Get the cheapest apartment you can stand...get a roommate....eat at home. Tutor at night and weekends. Take a holiday job and a summer job to save more cash and/or pay down debt. Live like you mean it.
I would try to get preapproved today for a loan to see where you stand. My quick guess is about 3x your take home. Call me if you would like a recommendation to a great lender who can get you started.
I would shoot for saving 5% of the purchase price and another 3% for closing costs. Others have said you might shoot for 3.5% of the purchase price for the down payment and FHA does allow this, but in the long run you might be better off if you can qualify for conventional financing with more money down and/or a better credit score. That's where a great lender is vital in giving you different options.
Call me any time if you need help, have questions, or need advice.
Home for Heroes Affiliate
US Army Veteran
Call me 214.566.2646 or email Amin@dfwrealtymortgage.com
a. Down payment of approx. 3.5% or more of purchase price
b. It appears your could qualify for a home valued $150K - or +
c. You will need money for inspection , home appraisal , credit report each approx. $300 - $400
d. Escrow money approx. 1% of sale contract which applies towards closing costs.
e. Closing cost of approx. $3K - $5K
NOTE: These figures are approx. can be high therefore you have a target to shot for till you are qualified for a loan all figures are estimated.
2. Keep in mind you receive annual tax write off's of owning a home
3. Fixed monthly amount than rent increases.
4. Most lenders would require you have steady employment in same profession for at least 2 years.
My website is updated daily therefore saves you time search accurate information
Contact my office today where I can show you many amazing homes work with your family specifications.
Lynn911 Dallas Realtor & Consultant
Multimillion Dollar Sales Producer
http://www.lynn911.com 100's of Dallas homes listed for sale or lease
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I can help you get in touch with a lender and answer any questions you have!
My name is Olivier and I can provide you some loan officers that can easily put you on the right track regarding your financing. it would be also a very good advice to get pre approved in the next three months so you get that advantage.
Please don't hesitate to call me so we can talk further, I work as a team along with my wife Sandra.
Olivier Sebag GRI
100 Highlang Park Village
Suite 223 Dallas Texas 75205