Thanks for your questions! In order to get into a house you need to find a lender who can help you get prequalified. This is very important in the fact that once they prequalified you for a loan you will be able to figure out what price range you can afford!
You can go to our website: http://www.TheKinkTeam.com where you'll be able to find some of our preferred lenders. Or if you have a lender/bank that you know of you may ask them to get you prequalified. The lender can also help you figure out what your payments will be for a home priced at let's say $150,000 based on your interest rate that you receive.
Please give us a call and let The Kink Team assist you in finding your perfect home! We have 3 professional Buyer's Agents that specialize in not only The Woodlands area but Spring, Montgomery, Magnolia and parts of Conroe!
The basic requirement includes a minimum credit score of 620 and 20% of the sales price for a down payment.
Your payment is based on amount financed, interest rate, lenght of loan, property taxes, etc. On this site and our own site, http://www.MicheleFlory.com, you will find mortgage calculators.
Before beginning the process of even looking at homes, meet with a lender to discuss your specific financial status. The lender will be able to advise maximum price of home that you could purchase. Also, you will get a pre-qualification letter that will be useful when making an offer on a home.
One of our team members, Leslie, specializes in first-time buyers. She can make recommendations on lenders, schedule showings of listings in our market, and walk you through the process of buying a home. You can reach her at leslie@MicheleFlory.com