Don Jackson

You can start looking now. I would also go ahead and work on getting preapproved now. At least you know what you can afford to purchase. The worst case scenario would be that you have to update a couple of documents when you close on your new home.

I am a Realtor in the Ft. Hood area. I can email you a list of homes that met your criteria if you would like. Plus, I have a relocation package I could mail you. If you are interested please contact me.

Don Jackson
Don@TeamDonJackson.com - Wed Jan 16 2008, 10:03

I have several that I need to sell. Make my sellers an offer! If they don't take the offer, I might be able to find you some sellers that will. Contact me if you are interested. - Tue Jan 15 2008, 18:11

Let me help you out! You can have as many mortgage brokers pull your credit in a 45 day period from the date the first mortgage broker pulled it. It will only count as 1 time. That is a fairly new rule. Also, if you have a couple of people pull your credit, it shouldn't hurt you that much. Credit inquiries only account for 10% of your score.

As to wether you should go VA or FHA, I believe you should go VA. Yes your VA funding fee is double that of FHA, however, with VA you do not have a monthly PMI of .50 basis points. On a 100k loan, that could count for almost $50.00 a month on FHA that VA wouldn't have. That is almost $600.00 a year. Plus you do not need any downpayment. The credit criteria is almost the same for both FHA and VA. There are a few differences. They both are not score driven and have low rates.

I am a realtor in the Fort Hood area. I work with a loan officer in Killeen that closed over 40 million last year. That proves that they know what they are doing. If you are interested in a referal, let me know. I promise you will know which bank I am talking about. They are rated the best all of the time. I can get you a better rate. Maybe in the low 6's.

Don - Tue Jan 15 2008, 17:37

I think Dave and Shelia are way off. I have given a portion of my commissions before to my clients. It is away for us to intice you. However, the mortgage company has to agree to this also. There rebate to you which is a portion of their commission has to go on the HUD Settlement at closing. Some mortgage companies will not allow this. Any questions please do not hesitate to contact me. - Fri Jan 4 2008, 14:47

Get with a good loan officer that works for a bank and a broker. Also, make sure they are qualified to originate goverment loans. You might qualify for a FHA loan even though you just went through a bankruptcy. You just have to prove that the bankruptcy was out of your controll, every thing is going great now and it will not happen again. In addition, you might qualify for a conventional loan with that type of down payment. You have options if you get with the right loan officer that is experienced and not one who only understands subprime.

I have a loan officer that is close to you if you would like me to recommend them to you! They have been in the business for over 10 years and closed over 300 transactions last year. They know what they are doing! - Fri Dec 28 2007, 09:15