You aree right on target by getting preapproved and knowing what you can afford. Most lenders require that the appraisal be done to make sure that you and they are covering because a seller can "ask" any price but if the market is selling in a different value then you will want to know that. If you are already working with an agent we generally make sure that you understand the process every step of the way. There is really nothing to fear as this is the process for most mortgages today and though it may seem that they ask you for so much information it will be well worth it the first night you are in your new home.
If you have not already chosen an agent I am here in the Lincoln area and can answer any further questions you might have for this exciting start for you and your wife. Congratulations!
Nancy Locklar
RE/MAX Properties Unlimited
205-362-6888

You aree right on target by getting preapproved and knowing what you can afford. Most lenders require that the appraisal be done to make sure that you and they are covering because a seller can "ask" any price but if the market is selling in a different value then you will want to know that. If you are already working with an agent we generally make sure that you understand the process every step of the way. There is really nothing to fear as this is the process for most mortgages today and though it may seem that they ask you for so much information it will be well worth it the first night you are in your new home.
If you have not already chosen an agent I am here in the Lincoln area and can answer any further questions you might have for this exciting start for you and your wife. Congratulations!
Nancy Locklar
RE/MAX Properties Unlimited
205-362-6888

Right now most lenders are requiring a 620 score but there are several lenders still doing under the 620 remember that VA or FHA doesn't require the Credit score it is the individual lender. The government backed loans are still insured by FHA or VA. But if they have you approved you should be OK if you would give me a call and let me know the lender I will be glad to discuss your total cost also you should qualify for USAA which is a Military based lending and insurance company

Congratulations! You followed the right plan by being pre-approved first. If you are using an experienced lender who is diligent in following the VA loan rules, you'll be successful. Enjoy your new home.
Susan Keal, Realtor, Michael Saunders & Company, Sarasota, FL (941) 925-8253 or susan@sarasota.com

Yes your chances sound very good that you will be able to purchase this home. Congratulations!