Hi Russ

Gregg Brooks here I've followed up a few times. I just picked up a rental, 4 bdrm gambrel colonial, cul de sac street. 2100 a month, interested? i can check others to.......... let me know

Gregg Brooks
Home Buyers Marketing
gbrooks.HBM@comcast.net

There are lots of FHA programs available to help people purchase a home. I have many lenders doing business in New Hampshire that would be interested in your application, based on the very limited information that I have. My office is in extreme Southern Maine and we are an expert in the Maine and New Hampshire marketplaces. I am not sure what type of home you are looking at or where but I actually have a very motivated client who has moved to VA and needs to sell her home in Southern NH. I am not a Realtor though and could only help with the financing but if you had a Realtor in mind in the area or would like me to suggest one I could provide you with more information on this home.

If you have questions visit my website http://www.DaleDoughty.com. There are some useful articles available and information plus an area where you can email in scenarios for further information or apply for pre-approval. Good Luck and Welcome to New England!!

Hi Russ

The mortgage climate as you can appreciate has changed drastically over the past years. Contrary to popular belief mortagages are still avialble and frankly plentiful to those who qualify. Based on the stated income ( not including present debt ratios, which you said would be paid off) @ 5% mortgage for 30 years you could qualify for a PI ( principle and interest) payment of about +-1350 a month ( using 450 mth for taxes) which translates into a $250K loan- that's only 26% of your monthly inc. based on 62K, then of course there is PMI or MIP and it goes from there
I'd go the 30 years and if you want to, pay 1/2 the mort. every 2 weeks which will reduce your term to about 22 years. keep in mind it's not what you can afford it's what you want to afford. You give Ken or I a comfort zone and we can easily back into a sale price, then we can advise you as to what may be available for that price.
What you need to do so you can get a true picture of your qualifications is speak to a loan officer, the guy I've used for many of my clients has been in the mortgage industry for over 17 years, he a survivor and is doing well even in this enviroment because of his work ethic. He is always "on" and mirrors my outlook " you do what it takes", he like I are old school guys, I've been working in real esate for over 28 years and am also a NH native

you can reach Ken at:

Ken Levesque klevesqueAfranklinamerican.com, Ken is a direct retail lender so the process is much easier these days vs. the brokerage community., but he can discuss that more with you. Be sure to tell him I told you to call

You may also consider an FHA loan or RD, these can be or close to 100% finance options, ( yes they still exsist if you qualify) and you can combine those with NHHFA and actually get a grant of up to 4% toward your down payment etc.
The long and the short of it is it is the perfect storm for buyers---------prices are down, I see sale prices comparable to 5 years+ ago. Rates are at the lowest levels ever.......... they did click up a bit last week.
and mortgage money is plentiful, the key is you must qualify, kinda an interesting concept don't you think?

I also have The home Buyer Scouting Report available to you, this can educate you about the market, pricing, etc. it is a password protected site for you use only. Check into it at http://www.greatrealestate.com, and let me know from there.

we can provide you information without obligation and isn't that what you want? Lots to learn and we are here for you when you're ready

Hope to hear from you soon

Gregg Brooks
gbrooks.HBM@comcast.net

Hi Russ,

Your numbers are tight, but a good mortgage company can probably make them come out to hit $200K. I like Karrie Burnett who owns Maritime Mortgage in North Hampton. She has been able to work wonders for me over the years and I would think maybe can do the same for you. 803-964-1944.

If you are thinking Rockingham or Strafford County, maybe you will call me and I can give you a hand in your search.

Best of Luck,
Dane Hahn
NH Broker

Russ it all depends on your credit score. I would be more than happy to refer some great mortgage brokers in teh area that can pre qualify you at no cost. please fell free to email me and i can forward the information so you can contact them. Once you speak with him you will know whether you can buy now or if you perhaps need a lease purchase. my email is sctprop@aol.com

thanks

scott godzyk