First Time Home Buyer?

There is much in your favor in today’s market that can enable you to fulfill your dream of buying a home.  If you’re worried about any of the following factors involved in buying a home, consider the following information:

·    Closing Costs?  You can often negotiate for the seller to pay some/all of them so that you have limited/no cash due out of pocket at closing.

·    Down Payment? 

o       $0 required for a VA Loan (military)

o       3.5% required for FHA Loan (anyone!)

·    Interest Rate? Interest Rates change daily. Your interest rate is NOT GUARANTEED until you lock it with a lender of your choice.  VA and FHA rates have been between 4.875% and 5.25% over the past several weeks.  I may be able to negotiate an interest rate buy down on your behalf, meaning, we request the seller to pay the expense to your mortgage company to have the interest rate lowered.  This helps you to move into the home you want, at the monthly payment you need.  Please know that you can use an interest rate buy down with a FIXED interest rate.  

·    Currently Rent? In some situations, seller may be able to buy out your lease!

·    Loan Approval? Many flexible loan options are available – Please note: keep in mind that every lender is different – based upon the company they represent, they’re each able to offer their own variety of mortgage products – each made for the distinct needs of various buyers.  Therefore, if you haven’t found a lender who can meet your needs yet (you haven’t been approved, the monthly payments have been quoted too high) – don’t despair!  Check out some of the local lenders here in the area; I feel confident they may have the perfect solution for you. Click here to review a list of recommendations.

·   Move In? First Payment? Close on your home in March, first payment not due until May! Close on your home in April, first payment not due until June!  Close on your home in May, first payment not due until July!