First figure out your needs and wants, before you even start looking at houses. What you want may not be affordable so you may have to compromise in some ways.
Next, go to your bank and find out how much they say you can afford for a monthly payment. In fact, go to more than one bank. You don't want to be house poor, having a payment so high you can't afford to do anything else each month.
Once you are approved for whatever amount per the bank, decide in what area you want to live and start looking online as well as driving through that area in both daylight and evening. Consider what amenities are nearby that you would use and the distance for your commute. Also consider the quality of the schools and if the neighborhood is on the upswing or going downhill. Go with the upswing neighborhood.
There are loans that can help you, as the banker can explain. Be sure to ask questions so you are very clear about your options.
Needs and wants, that's the first thing!
Good luck!... more
Welcome to Trulia. Your post here is appropriate as a blog, but this forum is for one party to ask and others to answer. Take a look at the community guidelines and reconsider this post.
Best of luck to you.... more
I can probably do an FHA loan but maybe not a USDA. I would like to see if we can make some simple changes to boost your credit score over the 620 mark so that you can qualify for USDA which is a cheaper loan than FHA right now.
Call me on my cell. Clients like you are right in my wheelhouse.
Cornerstone Lending Inc
Southampton Pa 18966
215 953 0800
cell 267 992 7276
VOTED BEST IN BUCKS 2010 & 2012
NMLS ID 143960... more