The best thing that you can do is to touch base with a mortgage lender. Also, check with the mortgage department of your banking institution (if staying in the area) where you are already established with your checking and savings accounts. A lender would be best suited to look at your individual creditworthiness and determine what type of loan program would be beneficial to you.
Since we have seen so many changes to the real estate market across the nation, it would be best to stick with a local lender to the area in which you are buying.
Be sure to get yourself pre-approved before you go out and start looking at homes. This will put you in a better negotiating position when you do find a home that suits both your wants and your needs.
Best wishes to you,
Sandy Shores, Realtor
M & M Real Estate, Inc
Serving the Space Coast of Florida.
Residential and Investment Property