I'm interested in purchasing a home with FHA. My budget for the down payment is about $5K-$10K. Downpayment assistance would be helpful, but I have a good credit score and a steady job (been working as an engineer for over 10 years). How can I get started?? by davison.drew98870 from Manchester, Ohio. Jun 29th 2015
The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com
As William said, contact a local mortgage person.
Getting started on a home loan is easy... Simply contact a LOCAL mortgage broker in your area. Give them a full application, and a copy of your basic supporting documentation (pay stubs, bank statement, W2's, etc). They will then review the application, and zero in like a laser beam on what programs you qualify for, how much you can afford to buy, what the payments might look like, and finally, how much money you may need to pull it all together. For homes in MN, WI, and SD, visit me at www.StPaul-Mortgage.com
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