Meet with a Local Mortgage Banker to get prequalified for mortgage financing. The Mortgage Banker will review all facets of your loan request to answer your questions with regards to the types of loans and maximum loan amounts you could qualify for.
US Dept of Housing and Urban Development (HUD) has a program called "Teacher/Neighbor next door." More information here: http://portal.hud.gov/hudportal/HUD?src=/program_offices/hou
I sincerely have not heard about teacher's buying programs - that would be a good question to ask a loan officer. Start with a bank that you currently use for checking or saving account. But I can tell you that I've been working with first time home buyers and the FHA loans are very attractive at very low rates in the 3% range, with 3.5% down payment.
If you have any other questions, please feel free to give me a call at 772-538-4855, or send me an e-mail to firstname.lastname@example.org.
Dana De Kleyn
Dale Sorensen Real Estate, Inc.
There is typically no extra/hidden cost for you to obtain Exclusive Buyer Broker services. In the State of Florida only a buyer broker can negotiate for the lowest price and best terms for the buyer. When you work with an Exclusive Buyer Broker, the brokerage firm does not list any homes, there is never a conflict of interest in your transaction. The State of Florida assumes that all buyers know all agents are transactions brokers who do not represent anyone one in the transaction and that the agents have very limited if any liability in the transaction. Unless, an agent or broker tells you they will represent you exclusively the agent is not required to disclose to you that they are a transaction agent or broker who does not represent your best interest.
On my informative homepage http://www.FloridaBuyerBroker.com you will learn about:
The #1 Mistake Real Estate Buyers Make
21 Critical Mistakes Buyers Make
20 Things the Listing Agent Does Not Tell You about Short Sales
Short Sale Fraud
Foreclosures - the Wild West of Real Estate
Unrealistic Buyer Expectations
A buyer broker is required to give the buyer loyalty, confidentiality, care and diligence, accounting, disclosure of all known pertinent facts and your financial status is protected.
You are getting ready to make one of the most significant investments of your life!
If you need help finding an exclusive buyer broker in your area call and Iâ€™ll help you find an experienced buyer broker.
Beverly Howe, CIPS, ABR, GRI, TRC
Florida Buyer Broker
Owner â€“ Exclusive Buyer Broker
1031 Exchange Specialist
Certified International Property Specialist
Accredited Buyerâ€™s Representative
Graduate of the REALTORÂ® Institute
Transnational Referral Certification
Local Direct: 239-601-2013
Toll Free: 1-800-283-7393
Cell phone: 239-269-2766
I would suggest you start out with a lower cost smaller home at a super discounted bank foreclosure price and build some equity and then purchase your dream home in a few years and use you first home as your down payment.
Drop me a line or give me a call and I can get you started.
772 539 1462 smartphone
Nobody else is going to give you advice like this....
SIMPLE TWO STEP WAY TO GET YOUR BEST OVERALL DEAL:
contact any realtor you think you like and listen to what they say theyâ€™ll do for you. Then ask them to refer you to their very best â€œPreferredâ€ or â€œIn-Houseâ€ Lender. Listen to their best purchase strategy and ask for their best written quote on an estimated sales price, on a TBD (To Be Determined) property address.
contact me, Iâ€™ll present my best purchase strategy, show you what my realtor partners can do for you. Then compare to see which team offers the best purchase strategy and your best overall deal.
Youâ€™ll be shocked at the difference youâ€™ll find with such little effort!
WHAT MY REALTOR PARTNERS CAN DO:
WHAT I CAN DO:
NOTE TO CONSUMERS: shop multiple Lenders and realtors for your Best Overall Deal!
Call me today, I actually answer and return phone calls.
Pro Option Mortgage/ Florida
Ph: 888 662 4404
Prior Service U.S. Marine Corps
Hopefully, I can give you some input on the mystery of "Home Buyer Programs". The first thing I would tell you is that, in the mortgage world, there is no free lunch. Almost all of the incentive programs come with strings attached. Some of these funds are earmarked to be used in specific "empowerment zones" only. That means you have to live, and maintain residence, in specified areas.
Others are funded with state/federal bond money. As with any government funding, the hoops your lender may have to jump through are so substantial, your lender may not even bother with the process.
Lastly, unfortunately, some of these loans are nothing more than advertising. When the dust all settles, you don't get the 42" flat screen, but the 14" black & white TV.
I hope this helps.
Boca's Best Broker
2424 N. Federal Hwy #318
Boca Raton, FL 33431
Here is the link for the information on hud.gov. I do not believe there are currently any listing for this program.
There are other programs available to anyone interested. There is a $100 down payment program if you purchase a HUD home with a FHA mortgage. There is also a fannie mae homepath mortgage program. This would allow you to purchase a home for a little as 3% down.
A mortgage specialist is the best person to help with these programs. Feel free to contact me if you would like more information. I would be happy to send you a list of properties that would qualify for these programs.
Weichert Realtors Hallmark Properties