The first step is to find a lender and work out the details. Determine what you feel comfortable with payment wise because that may not be the same number you are approved for. It's important that you are comfortable with the payment. Banks even in this market will approve you for more than you may end up needing or wanting and it's not fun to be house poor. So take the time to look at the numbers so you can see where you are comfortable based on your lifestyle.
For you VA is definitely the way to go. There really are not any First Time Homebuyer programs to mention. It's more of a marketing gimmick. With VA you can finance 100% so there is not a need for anything else as that is as good as it gets basically.
If you would like to call or email me I would be happy to help you. Here is what I offer over most lenders and banks. I am a wholesale broker and I work with over 15 different banks. Big names like Wells Fargo, SunTrust and many others. Here is the difference between them and myself. I can get you the same rate with thousands less in fees.
Here is an example. Say you walk into Wells Fargo and speak to a retail loan officer. They offer you X % interest rate with Y Fees.
I can offer you the following and also use Wells Fargo Wholesale.
I can get you the same interest rate with closing costs that are at least $300-400 less. But on top of that if you go with the same in interest rate you would get a credit from Wells Fargo of about $2000-5000 additional depending on your loan amount. This is because I get their discounted wholesale interest rate and retail cannot match offer that.
I can offer you an interest rate that is .25 to .375% lower than the retail rate above but your lender credit would be reduced. The fees would still be less than at Wells Fargo on the retail side.
This is what I offer all of my clients. While other brokers can match what I offer most choose to make more and price themselves close to the retail pricing. I choose to give my clients the absolute best deal. Because of that I make a fair amount on each loan but my clients get a better deal than what 95% of the other lenders, bankers and brokers can offer. I do this because just about all of my clients like to tell others about the great deal they received from me and that keeps the referrals coming in and keeps me busy.
So if you would like go get some quotes from other banks and brokers. If you know your credit there is no need to even pull your credit to get an idea of what I and others can offer you. Send me an email or give me a call to talk as I would be happy to help you in any way that I can.
Thank you for your service to our country!
REALTORÂ® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o 512.669.5599 m 512.633.4157
email@example.com | http://www.AustinListed.com