Financing in Fort Hood>Question Details

Anderson, Home Buyer in Virginia

I currently live in Virginia and am moving to FT Hood, Texas in June. I would like to own the house and start

Asked by Anderson, Virginia Wed Jan 16, 2008

paying the loan on June first. I am going to spend the second week of April house hunting. When would be the best time to apply for a pre-approved loan? I was thinking February. Also, Does this sound like a realistic plan?

Help the community by answering this question:


You definitely want to be pre-approved when you start house hunting, for your own peace of mind, and also for an extra incentive for the seller. You can get pre-approved at any time, and then get your updated approval closer to closing, but I would suggest going started around March.
Your home finding plan also sounds great, although you might want to think about coming the first part of April. You want to give yourself about 45-60 days to find a house, arrange your loan, and get closed.
Please contact me if you're interested in having a real estate agent help you out with the whole process!
0 votes Thank Flag Link Wed Jan 16, 2008
You want to own a home in June and asked when the best time to apply for a loan is. The best time is now. There's no downside to starting the process right away and the upside is that if there is anything negative on your credit reports a lender will have some time to work with you to correct it. Are you in the military? I'm a certified Military Market Specialist and find that most military families purchase homes with VA or FHA loans. You may be eligible for certain grant programs and/or downpayment assistance programs, but I've heard these programs are changing in March so you should speak with a lender familiar with these programs asap so you don't miss out. Even if you aren't ready to apply tomorrow, you can start gathering the items you'll need for loan pre-approval: source of downpayment & closing costs (often can be negotiated by your Realtor to be paid by the seller); bank name and account balances and last 2-3 months of statements; value of asssets (stocks, bonds, mutual funds, etc.); gross monthly salary and 2-3 months of recent paystubs; employment info (company, address, tele#, dates of employment); other income; confirmation of credit card and installment loans; info on any other properties owned; copies of last 2-3 years of tax returns & w2's.

Here are the names and contact info for two area lenders: Marie Funston of CB Mortgage (512) 691-6757; Kelly Stuckey of First Community Bank (254) 338-4906 Please let them know I referred you :)

I'd be happy to meet with you over the telephone and discuss the services I provide to buyer clients - I'm also an Accredited Buyers Representative (which means I have extensive experience working with buyers and additional education and training on buyer's needs).

Diantha Shaffer, Realtor, ABR, ePRO, Military Market Specialist
Coldwell Banker United, Realtors
Killeen, Texas
(254) 338-2192
Web Reference:
0 votes Thank Flag Link Thu Feb 14, 2008
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
0 votes Thank Flag Link Wed Jan 16, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer