I am one that can do this:
Re/Max Preferred Properties
405 413 0791
Meet with a Local Mortgage Banker to get prequalified for mortgage financing. The Mortgage Banker will review all facets of your loan request to answer your questions with regards to the types of loans and maximum loan amounts you could qualify for.
Line up a Home Inspector. A good home inspector will scare the heck out of you: that's what you pay him for! But you'll concentrate on the fundamentals of the property: roof free of leaks, plumbing, heating and electrical up to code and in good working order. Again, when you make an offer and you have your Home Inspector ready to go, your offer will be considered with much more interest by a Seller because you truly have your "ducks in a row" and your preparation demonstrates your serious attitude about conducting the purchase transaction in a timely manner.
Find an experienced Local Realtor who works in your desired shopping area. A serious pro Realtor will refuse to show you homes until you are Prequalified for mortgage financing. Don't take offense! That Realtor doesn't want you to be disappointed and wants you to have a smooth experience as you shop for your new home.
Put together your Team of real estate professionals and shop 'til you drop!
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There are definitely some down payment programs available (ohfa.org and caaofokc.org) if you have not owned a home in the last three years. OHFA also offers a special program for teachers.
Give me a ring if I can help you through the process. I would be happy to help!
Michelle Foy Belknap
After you are pre-qualled, call me at 405-315-7965, my team and I will get to work on your search and previews ASAP.
The first step is to choose a lender and get your pre-qualification letter. This will determine what price range you are looking for. I work with some great lenders and will be happy to get you their information and they do participate in the down payment assistance program.
Second, you choose a Realtor. Your Realtor will set up a daily property search that fits your criteria.
Once, you find some homes of interest, you set up a property tour.
When you find the home that you want, you and your Realtor will work up an offer and present it to the seller. When the offer is accepted, your realtor will set up a home inspection and a termite inspection. Your Realtor will work with you all the way to the closing.
For information on the down payment assistance program, go to: http://www.ohfa.org/HomeBuyers.aspx?mp=HeaderHomebuyer&t
Please feel free to contact me at your leisure. I'll be glad to help.
Keller Williams Realty Elite
However, I work with first-time home buyers every day and I have lost track of the number of buyers who have changed their lender after meeting with me. They don't change just because I refer them. They come back to me and say, "Boy am I glad you told us about him/her. We got a much better deal all the way around, closing costs, interest etc." I give them three lenders in our area that I know and trust and I know are honest and they do all the above mentioned things and more. They also have much more loan product (investors) to choose from than many in this business.
Just as not all agents and not all RealtorsÂ® are equal, the same is true for mortgage professionals. If you know of one that you can trust, then by all means start with him/her and there is a good chance that he/she will recommend a great agent to you. But.....I don't believe that you have to begin there. If you find a RealtorÂ® that you trust and are comfortable with, then you should be able to trust their judgment on finding a great lender as well.
I also recommend that you contact a lender and get preapproved. That way you will know how much house you qualify to purchase, discuss what payments you feel comfortable with, talk about tax advantages, etc.
Give me a call today and I will give you the name of a lender you can reach today.
Keller Williams Elite
@rbtaffe, definitely start with getting your financing lined up first, so you know how much you can comfortably afford, and that you will be able to see your purchase through to closing. If you'd like a list of great local lenders, feel free to call or email me. Good luck, and congratulations on taking that first step toward buying your first home!!
In my experience I have found that often times we assume too much when it comes to our clients. We have to keep in mind that we do this every day, all day but for you, it's a new experience.
Your trusted lender and agent should be able to explain all of your options and answer all of your questions. Keep a notebook and write down your questions before making the calls and write down the answers. Keep everything in one place because it is a long road to closing and you are going to want to refer back to those notes occasionally.
I am not from Oklahoma, but I am more than happy to talk with you and answer any general questions for you that are not state specific. This might help you get started. Then I can point you in the right direction from there.
Best of luck to you.