My best advice that I always give to consumers is to first find a buyer agent. If you do not know a buyer agent, you can find one here on Trulia by sifting through the agents who answer your question in a way that makes you feel comfortable. If you find a buyer agent who you feel comfortable with and can trust that person, they can help you find a mortgage consultant who can explain all the programs that are available to you.
A lot of people first go speak with a lender and then go find a buyer agent or just choose the agent on the sign of a property that they like. I always advise consumers to never use the agent on the sign because you are then entering into dual agency and dual agency is never in a buyer or seller's best interest. I do not want to go so far off topic but if you are not familiar with buyer, seller or dual agency, I would be very happy to explain them to you and the benefits and disadvantages.
To answer your question though, once you find a buyer agent who is an expert negotiator and who will put your best interests above their own not matter what, you can then find a mortgage consultant who will be just right for you. It's important to make sure that both the buyer agent and mortgage consultant will be there for you through the entire process and that includes attending settlement.
I do not want to babble on. Please feel free to check out my blog and my video blog at http://www.reneeporsia.com I'm sure I answer many of your questions on both of these blogs. Also, I'd love to know more about your situation and take the time to listen to your future goals. Feel free to either contact me at 215-669-0589 or e-mail me at firstname.lastname@example.org
Good luck. :-)
(215) 669-0589 Direct
(215) 358-1100 Office (ask for Renee)
I would suggest contacting 2-3 agents and asking them to sit down with you and explain the home buying process. This is a good way to get to know a few different agents. It is a terrible thing to use an agent whom you don't feel like you know or trust.
Personally, I offer free Home Buyer 101's to any interested party. I usually like to do it over a cup of coffee at a local coffee shop convenient to you. Of course I am happy to extend the offer to you, just let me know if you're interested.
Let me know if you have any other questions and I'd be happy to help.
VIP Realty Corp
Keller Williams Real Estate
Office- (215) 631-1900
Cell- (215) 982-8485
Ask your family/friends to recommend someone they have used to obtain a loan. Make an appointment to discuss your financials to see about getting pre-qualified. They will discuss FHAs and other loan types available to you. This will give you a true picture of how much you can afford to spend on your first home purchase.
Then ask for a referral from your family/friends of a buying agent. The agent will prove very instrumental in guiding you through the process of purchasing your first home.
I've referenced a link below from my Blog with regard to buying your first home.
All the Best,
I have worked with the local Community Housing Council; it helps low income first-time-buyers with education, grants, connections, etc.
I just Googled PHILADELPHIA and FIRST TIME BUYER and I saw at least 10 sites for help and education.
Go for it.
Good luck and may God bless
I agree with my fellow agent laksman, anyone in this profession can help you. I will advise to at least meet with 3 agents to see who do you feel more confortable with. You'll be able to know if who you areworking with its really giving you the time needed to help you in this process. About getting pre qualify for the loan, all realtors have a bussiness relationship with different banks, so am sure who ever you decide to work with will be also able to put you in contact with a lender. you can also go to your current financial institution and apply with them as well. If you have any questions don't hesitate in contact me, am always available for interviews :)
All the Best, John + Sheri
There are a few first steps. First is getting you prequalified for a mortgage. Second is seeing if you qualify for any of the state and federal down payment assistance programs. Next is compiling a list of homes that fit your criteria (wants, needs, price, low taxes, etc).
Let me know if I can guide you through the process and help you find some good homes to look at.
Sometimes you can work with a Realtor who is experienced with First Time Buyers. Philadelphia and the surrounding counties have some programs for first timers - it will depend upon where you want to live. Also, your credit score will be a factor in where you can apply, participate etc. This is a pretty complicated question.
When you are ready, if you would like to chat with me, just let me know. I have had a lot of experience with first time buyers - it's a process that requires a lot of patience. While you are looking, you can check out home values and activity for any zip code in the USA by going to http://www.sendmyvalue.com. You will get an instant report sent to your email address.
I hope this was a bit helpful. Good luck with everything.
Carol Cei, Realtor, ePRO
Five Star Professional
ReMax Action Realty
Many of the first time buyer programs are area specific especially if you are looking for 100% financing.
If you are looking to stay in the city, there is a limited program for 4k of assistance if you work for certain employers.
Please email me right away and I can help you on your way!
Emily Landis Torres
215-362-2260 ext 1793