Home Buying in Lawrenceville>Question Details

Carolyn Jeff…, Home Buyer in penn. 18301

my daughter is a first time home buyer and she is afraid of her credit not allowing her to purchase the home

Asked by Carolyn Jeffries, penn. 18301 Fri Dec 26, 2008

the home is located in lawercenville ga. 207 towne park drive listed for around 179.000. what should her first steps be to get the approval of the mortgage. She's nervous about taking the steps needed.

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I know it's been awhile since you posted your question but, I wanted to ask how your daughter was doing. Has she secured financing? Was she able to follow the advice given... or was it it too over whelming? I simply wanted to follow up since I know often times folks in the early stages of a home search place their plans on hold for a while. This is the best buyer's market in history! It would be a shame if she wasn't able to take advantage of it. I specialize in helping first time buyers in the Lawrenceville area. Several of my listings are offering special financing and buyer incentives.

Please don't hesitate to contact me if I can assist in away.

ABR, Accredited Buyer's Representative
CRC, Certified Relocation Consultant
REOS, Real Estate Owned Specialist

Web Reference: http://www.RobinLanese.com
0 votes Thank Flag Link Mon Apr 13, 2009
OK, I'll go out on a limb and suggest that she contact a real estate agent to find out exactly what her steps should be. That way, the right lender list can be provided to increase her likelihood of being approved. Please let her know about the Georgia Down Payment Assistance Programs too. Please see the link below.

Solomon Greene
REALTOR® / Consultant - Keller Williams Realty Atlanta Partners
(678) 775-2677
0 votes Thank Flag Link Wed Mar 4, 2009

Our recommendation is to begin by reviewing in detail her personal budget so she knows exactly how much money is coming in each month and how much is going out.

Then meet with several loan professionals to determine what loan program would be best for her circumstances and what loam amount her budget would accomodate.

Good luck
0 votes Thank Flag Link Fri Dec 26, 2008

1. Get a budget first, Make sure she knows what she wants to spend per month.
2. Get a strategy together - How much down, how long will she live there, does she plan to rent it out later...
3. Call Loan Officers from Referrals - I suggest Theresa Laine, she's a first time home buyer specialist at 770-891-4121. Get someone you and your daughter can trust that will walk you through the process.
4. Get a Realtor that specializes in first time home buyers (ME), that will gladly walk your daughter through the process.

At the end of the day, she'll either qualify or she won't but if she follows these steps, she shouldn't be nervous about the process.

Remember, the only silly questions are the ones she doesn't ask!
0 votes Thank Flag Link Fri Dec 26, 2008
Joshua Jarvis, Real Estate Pro in Duluth, GA
You wont know till you take a jump. Contact a local mortgage broker who would review her financial records, credit score, debt ratio, employment history, downpayment. If declined request mortgage broker on suggestions on repairing credit.
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Fri Dec 26, 2008
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