However all is based on what you can qualify for short/long term goals.
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You have received some good information below. Your first step is to get pre-qualified for a loan so you know where you stand financially. I work the Frisco & McKinney & Prosper areas a lot so I am very well aware of the inventory. The Frisco paper had a great article this weekend about how well single family homes are selling in Frisco and around it.
The city of Frisco also is one of the very few cities that still has a down payment assistance program for first time homebuyers...
Please call me or email me and I will be happy to share with you everything I know.
If you would like to know more about his important topic then please email me at Thad@thadjarrett.com. If you would like to discuss I am happy to help as I am just down the road from you in Austin, TX (512) 633-4393. You may also visit my website at http://www.thadjarrett.com and go to the free report section. I will have important documentation available in the next few days.-Best Wishes, Thad Jarrett
$100,000 purchase price
3.5% down= $3500
4.5% interest rate for 30yr fix mortgage
Monthly Payment= $494
Taxes= 2000k year= $166 per month
Insurance $750 =$62 per month
Mortgage insurance= $42 per month
Total Payment= $766 can you rent for that amount??
Buying a home MUST make money sense. If its less expensive to buy then to rent and you can build wealth by paying down your mortgage....do it!
I would love the opportunity to help you better understand the numbers. Here is my contact information below:
Best of luck to you!
Licensed Loan Officer
Congratulations on being a first time homebuyer! That's very exciting! Are you aware of the $8000 tax credit for first time homebuyers that purchase between Jan 1-Dec 31, 2009? If not, you can find out all about it by going to our website http://www.MarciaLevine.com.
If you would like some names of Lenders, I would be happy to give you some referrals of Lenders that I work with on a regular basis.
Please let me know if we can help you,
The Marcia Levine Team
I both live and work this area and can direct you to some great homes once you're ready.
With such a broad area as represented by McKinney, Prosper and Frisco you will have little problems finding a new home. Also there are multiple financing alternatives available to the first time home owner. The best approach would be to meet with a real estate professional who would be able to narrow your house hunt to much more specific goals. I'm sure that you do not have the desire or the time to be running all over the area seeking some possible match for your needs. Rather you need to take the time, with an experienced agent who specializes in Frisco, McKinney and Prosper, to identify some concrete needs and desires who can also help you find a reputable lender that can help you with the widest financing recommendations affordable by you.
We would be pleased to help you and offer the added savings of our commission share home buyer rebate program. Please visit either of our web sites; HomesofProsper.com or CollinCountyHomesllc.com
I know we can help!
Collin County Homes LLC
First: Get pre-approved by a local lender.
Expect them to ask for 2yrs w-2 and 3o days of paystubs as well as 2 months bank statements. If the loan officer doesn't look for all of that, then they aren't doing you a good job!!
Rhonda below suggested Rodney. He is a good loan officer and works at my company.
Do you have a realtor?
I would suggest you speak with Rodney Anderson at Rodney Anderson Lending Services, A Division of Supreme Lending. Rodney is the #1 loan officer in Texas. You can listen in on Rodney's radio show on Saturday mornings on 105.3fm at 9am. And, he does Good Morning Texas with Brenda Teel Jackson each week. 1-800-express is the number, or 972-985-5208. He's my personal lender, my team lender on the Keith Dobbs Team at RE/MAX Dallas Suburbs, and the lender I most refer because of his proven track record with my clients. In fact, I met him through one of my clients. And, yes - he's as nice as he seems on his TV commercials and he really means it when he says he wants to be your lender for life.
Have a blessed day!
Ronda Allen, Realtor
Certified Purchasing Manager
Keith Dobbs Team at RE/MAX Dallas Suburbs