Have them get you preapproved.
A good loan officer will not let you spend money on option, earnest, inspector, and other expenses without knowing for sure you will get the home.
Please call me or email me at:
281 831 8939
Bruce has an excellent point. There are many programs for people with some tarnishing on their credit. There are obvious things that can prevent you from getting a loan and not so obvious things and on the flip side some things can be overlooked when explained correctly to underwriters.
Having $10,000 to put down is only one factor. Other factors to consider is recent credit history, percentage of down payment, amount of reserves in the bank after purchase, Stability of employment to name a few.
It is Critical to get with Loan Professional who is an expert in getting loans done in the current market place. We actually have online workshops to better prepare you for what to expect I invite you to attend one or many to learn more about the process.
Henry Daniels - Sr. Mortgage Banker & CMPSI Certified Mortgage Coach
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