The basic requirement includes a minimum credit score of 620 and 20% of the sales price for a down payment.
Your payment is based on amount financed, interest rate, lenght of loan, property taxes, etc. On this site and our own site, http://www.MicheleFlory.com,
you will find mortgage calculators.
Before beginning the process of even looking at homes, meet with a lender to discuss your specific financial status. The lender will be able to advise maximum price of home that you could purchase. Also, you will get a pre-qualification letter that will be useful when making an offer on a home.
One of our team members, Leslie, specializes in first-time buyers. She can make recommendations on lenders, schedule showings of listings in our market, and walk you through the process of buying a home. You can reach her at leslie@MicheleFlory.com