Property Q&A in San Antonio>Question Details

Erica Ibarra, Home Buyer in 766 fitch

i am a first time buyer what do i need to get a house can u get back to me email is

Asked by Erica Ibarra, 766 fitch Tue Jan 27, 2009

This question is about this property:…

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Hi Erica,
The most important thing to do is talk with a lender, be it your bank, or a mortgage broker. They will take into account income, debt, and credit scores. They may require you provide them with the last three bank statments, last two years, tax returns, and a month's worth of W2's. Once you call them, they may intially ask for your social security and run your credit. Please keep in mind that you may quailify for more than you are willing to pay, so it is always a good idea to let your lender know what you are comfortable paying per month so that you are not in over your head. Once you have been qualified or approved, which is always better, you will have an idea of what price range you should stay in to meet your financial needs. Be careful not to give anyone any money until you are certain they will put your interest first!
0 votes Thank Flag Link Wed Jan 28, 2009
Hello Erica,

I've already dropped you an e-mail, but just as a suggestion you may want to delete your original question and remove your e-mail address. Just as a precaution for your privacy. Any one here that responds you can e-mail them directly if you like what they have to say.

In regards to the property that you selected, unfortunately that property is already under contract and soon to close. Usually at that low of price, unless it's a complete loss those properties will go fairly quick as this one went under contract in under 10 days. There are some really cool programs out there right now for first time home buyers, so please refer to my e-mail if you still have some interest and I'd be more than happy to see how we can help you.

Web Reference:
0 votes Thank Flag Link Tue Jan 27, 2009
I just dropped you an email.

I am a mortgage broker. If I can be of service, please let me know!

Martin Smith

Precision Funding
877-238-6324 Ext 704
877-238-6324 FAX
0 votes Thank Flag Link Tue Jan 27, 2009
GREAT QUESTION: you need 1st be approved for a loan, then work with a realtor. If you need assistance qualify for a loan contact my office. Also effectively work with realtor know what you are searching for regarding a home perference, area of town, # of bedrooms, and etc. Now is a great time purchase interest rates are low, foreclosures with equity.

Lynn A. Crosby ~ National Featured Realtor
"...Specializing in Residential, Commercial Properties and Loans..."
Dallas Realtor -
The Michael Group "Dallas Business Journal 08' list top realtors"
Dallas Loan Officer - Homewise Lending
Dallas Real Estate Office: (972) 699-9111
Dallas Real Estate Website: 60,000 listings Dallas homes for sale
0 votes Thank Flag Link Tue Jan 27, 2009
In order to make an offer on a home you need to get pre-qualified first. This would mean completing a loan application and pulling your credit in order to make sure you qualify. This can all be done via our website in less than 15 minutes. i hope this was helpful and take a look at our website for more information.

Steve Ferguson
0 votes Thank Flag Link Tue Jan 27, 2009
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