A personal consultation will help me find you the type of home that meets your needs. I will also discuss your financial situation with you in order to determine the price range that will be suitable, if you have not already been pre-qualified. It is important for me or your lender to know:

  1. How much of your savings you intend to use toward down payment and closing costs.
  2. Your annual gross income (before taxes).
  3. The length of time with your current employer and previous employers, for the past 2 years.
  4. Your monthly payments on long term debts (such as a car payment) and credit card balances.
  5. Child care expenses and/or alimony, if any.
  6. Whether or not there have been any bankruptcy or credit problems.

The information which you provide will be held in strict confidence.

Pre-Qualifying and Lender Requirements

I am familiar with the lender’s requirements and, using the above information, will be able to determine your price range and your ability to qualify for a loan. In this counseling session, I will tell you approximately how much you can anticipate in closing costs and prepaid items at the time of closing. I suggest that you actually meet with a lender before house-hunting if there is any question regarding your qualifications or simply to get a head start on financing.

Financing Options

Depending upon the price of the home and/or the amount of your down payment, there may be several options that fit your needs. They include VA (for military veterans only) which allows 100% financing of the purchase, FHA (Federal Housing Administration) which allows purchase with as little as 3% down and CONVENTIONAL, generally the best option when putting down 20%. In addition to these traditional methods, there are a variety of other creative financing options including Owner Financing, First Time Home Buyer Programs, Loan Assumptions, and Lease Purchase.

When Time, Money and Service are Important...Call Anita 574-298-1978