how can I find programs to help me buy a new home? and who can help me get one?

Question

I'm trying to buy a home how can you help me?

Answer 1

Contact a mortgage broker in your area first. They'll set you up with a loan and preapproval. Then you'll know what you can afford and then hook up with a realtor. Don't go to the realtor first. That's putting the cart before the horse. If you're in California, I'd be glad to help you. E-mail me at [e-mail]

Answer 2

Hi - Decide on how much you want to spend, if you want to escrow the taxes and insurance. Say the taxes are 1200 a YR and insurance 800 a year (just an estimate, ok) That is 2,000 a year divided by 12 = 166.66 If you paid 1,000 a month now - (166.66) your P/I Principle and Interest would be 833.34. Now you decided on the price range you are looking into. If you have great credit, a 1 loan at 130,000 at a rate of 7 percent (rates are going up and a one loan program is sometimes higher, this is an estimate only- ok) over a 30 year time would be 864.89 - This is just a estimate - ok - It greatly depends if you need help with closing cost, if you have money to bring into the table - so you do not have to borrow the full 100 percent. Rates are still in the 6's but they are getting higher - ok. If your credit is in the 500's to low 600's than the rate would be higher - lots of factors to consider. Talk with a broker, a broker underwrites for many company's (I underwrite for 150 companies) so I only have to pull credit 1 time, and they look at my credit. A single lender (not a broker) has programs available, but they may not be able to help you and your situation, so you go elsewhere, and than that person pulls your credit (see what I mean.) If you shop, your credit is pulled and that is considered a soft pull, for a 30 day period. Just like shopping for a auto, it is good for 30 days. If you apply for a credit card, that is considered a "hard" pull and it drags down your credit score. Try to find someone (broker) that will pull your credit one time, and submit your loan application to company's that will go off his credit report. By the way, a loan application is called a 1003, and they will issue you a GFE (Good Faith estimate, with in 3 days, that is per the RESPA laws, and the TIL (Truth in Lending). This will tell you the up-front closing cost (etc) associated with your loan. This is a estimate only - not the final - but it does help you figure things out. Some companies want you to escrow you taxes and insurance. Other's may not require it...Some companies add a .25 to the interest rate if you want to escrow waver...FHA loans have to escrow (at least they used to) Good Luck.

Answer 3

There are hundreds of programs available for purchasing a home. There are many things that need to be answered before you narrow your search down. What is your FICO score, How much are you putting down, what is your debt to income are just a few. You should consult with a broker that can help walk you through it and find the perfect loan for you.
http://www.lendermark.com

Answer 4

Nope. Owning a dwelling isn't a correct. It is a privilege you earn. You don't get different men and women's cash to make this occur. You want coverage and estate taxes additionally. That is a laugh belongings you have to pay for. My condominium cost is two/three and a million/three is for the thrill stuff we must pay for. $two,000 for condominium. $a million,000 for taxes and coverage. You would possibly desire to hold it however, your desire isn't anything the tax payers have to pay for. Do your self a prefer and watch the inside track. You will see we don't have any further cash and truthfully the nation goes broke.

Answer 5

I can help you buy your dream home with very, very low down payment and a low credit score. E-mail me for more details.

Answer 6

If you are in Wisconsin, Minnnesota or FLorida I can steer you in the right direction.

Answer 7

Maria
In what area are you looking im in florida and will help if its here
that your lookin
Randel