A lender that my clients have used in the past is
Korene L. Clopine-Seaman
Senior Mortgage Originator / Team Leader / Mortgage Lender
AZ License # LO-0916745
CA License # DOC-218520
Direct Phone: 623-340-0934
Referral site: http://www.klcsreferralpartners.com
Mortgage Website: http://www.klcsloanteam.com
Your best course of action would be to talk to a lender that actually does FHA loans.
They know specifically what is required for an FHA loan and how your particular circumstances will need to be molded to fit an FHA loan.
I have a lender that would be very helpful in that regard. His name is Jim Passamonte 602-909-0862.
Call him and I am sure he will be able to help you.
Welcome to the world of home buying, lets make sure you have a great experience in this process.
You are on the right track in thinking that the loan is a good starting point. I would like to open your thoughts even further, we have lenders that have special money available that is Zero Down Payment as well as FHA. Great programs for first time buyers that don't have a lot of resources and the lower closing costs are a big help.
We might also think about requesting the seller pay some or all of your closing costs to reduce that for you as well.
Lets begin your path together, determine the best path and put a time line in place to accomplish your goal of home ownership.
Best of Luck,
Century 21 Tenace
That's exciting you are in the market looking for a home!
One of the first big questions is in obtaining financing for a home purchase is, which one is best for me! Finding a great lender is the first place to start.
They will walk you through the loan process and help you in 2 areas:
1 - getting preQualfied for a loan
2 - how much home can you afford
Both are necessary and better to have upfront before you start looking for a home.
I would highly recommend Amy Simmons with OnQ Financial.
Amy will walk you through what is required - documentation, paystubs, tax return, and bank
Once you are preQualified, you should then get a Realtor that can sit down with you and find out what you are looking for, what your expectations are and answer any questions you have about the Buying Process. (having a good Realtor on your side is important to look after and negotiate for you ... and having a Buyers agent won't cost you ... call me for more information!)
Please let me know if I can be of further assistance as you begin your home search.
My office is located in the San Tan Village Mall in Gilbert.
The easiest place to start is with a good lender that loves working with first time home buyers and doesn't mind taking the time to help you repair a few things. A great one in the Queen Creek area is Laura Sylvester with OnQ Financial. She can be reached at Laura.silvester@onQfinancial.com
While you are doing that, I would be honored to meet with you and help you get started on the home search/real estate side of things. I live , work and volunteer here and am the rare full time Realtor.
Please don't hesitate to call if I can answer any questions.