JT,

Give Nathan Merrick a call and let him know I sent you. He will give you a 10 minute mortgage analysis that will knock your socks off. I have been doing business with him for awhile and he has a lot of great programs and can give you several options and advise.

Thanks,

Scott Riddle, (CSP) Certified Short Sale Professional
Sand Castle Realty Group
239-289-1849
239-390-0027 fax http://www.NaplesRealEstatePros.com http://www.ScottRiddle.topseller.net

JT your fiest step is to be to meet with a local and trusted mortgage broker. Stay away from the internet lenders, use someone who you can actually meet with. They will be able to prequailfy you at no cost and let you know what programs you may quailify for. You can do this is advance so you have things in place when May comes around. Rates are determined by credit score and differ with what program you may quailify for. Good luck with your search.

This is a GREAT time to be buying a home! There are plenty of homes in that price range and under.

The first step is to go to a bank or Mortgage company and get pre-approved. Then find a Realtor that you feel comfortable with.

There are several programs out there for First time home buyers.

USDA is 100%, FHA 3.5% down, the SHIP program is with Collier County which helps with putting a down payment on a home.

You can go to http://www.bankrate.com and play around with different amounts of price of house and interest rates.

For $95,000 @5%= 509.98 That is for P&I but there will be taxes and insurance costs to also consider. But those will be covered when you find the house that you love and want to purchase.

Good luck hunting for your new home!

Jennifer Monville