Feel free to contact me if you have futher questions.
Factual information - current and honest, direct figures should come to you from a reputable qualified lender. Chester County - firstname.lastname@example.org - Bill Redel has been one of my top lenders for the last 14 years. Bill Redel 610-719-1777
First time home buyers do have special savings - depending on your income, debt ratio, etc. Bill will qualify you and provide an estimate of monthly payments --- He will guide you whether to buy or rent at this time.
NOTE: When agents are speaking to you about anything connected to real estate - they must explain the 'consumer notice' required by the state of PA. This notice lets the 'consumer' know that agents represent buyers, sellers and dual - KNOW who you speak to and require honesty and confidentiality first. I will send you this notice - email me your email address and ty.
Find a good Realtor and have them introduce you to the loan officer they trust the most. Gather all of the support documents that will be needed to apply for a loan and meet with the LO face-to-face, have them walk you through the process and options available, good luck, home this helps,
I linked below some info on the type of programs in my area:
It is great that you are thinking of this and asking all the right questions.
I recommend that you first meet with a qualified mortgage representative who can help you determine what mortgage you would be eligible for - based on your credit score - your current debts - your income etc. Then a local Realtor can show you the buy and rent possibilities based on that amount and possibly a sellers assist from the seller which is very common these days. Rent vs Buy decisions are also based on your long term plans - how many years will you be living at the house... job security and more...
I will be happy to recommend several good mortgage representative in this area - it only takes a 15 min phone conversation. I also offer you my buyers consultation session - absolutely free. Together we will go through a series of questions that will be your checklist - at the end of which you will have good clarity about your specific situation and you will be able to move forward on your decision with confidence!
My blog may give your some more insights - http://downingtownrealestate.blogspot.com/
Feel free to call or email me to schedule our meeting.
Bela Vora, RealtorÂ®
Coldwell Banker Preferred - Exton
Cell: (484) 947 3127
It will all depend on where you want to buy a house! Some area's qualify for USDA (100% financing) and some don't qualify for it which means you would mean to go FHA and put 3.5% a down payment.
If you would like to meet and go over what you are looking for and the area's I could help you more in your search process. It is alway best to get prequalified for a mortgage so you know how much you can afford before we even meet.
If I can be of any service please feel free to call me or email me.
I look forward to helping you find a NEW HOME!
Kimberly Collins, Realtor, ABR, SFR
PA License # RS202924
"A Refreshing Real Estate Experience"
Keller Williams Realty Group
Office: 610-792-5900 Ext 8177
Search the MLS -- for FREE! Visit http://www.findahomeincollegeville.com/
Each Keller Williams Realty office is independently owned and operated.
1250 Old York Rd Suite 201
Warminster, PA. 18974
Office : 215-355-5565
Direct : 484-881-1378