I live here in california and want to buy a home in texas?

Question

should i get a lender here or in texas ?

Answer 1

Great advice already so let me add my 2 cents as well. Either find a For Sale By Owner property in Texas to avoid Realtor fees or find a good reputable Realtor in Texas as they must be licensed individually in each state. Second find a Mortgage Broker who can do loans in Texas and works with alot of lenders to ensure that you get a great interest rate and loan program that fits your needs and not your Loan Officer's pocket book. Hope this helps you but if you need any help email me [e-mail].

Answer 2

Hi - Try a Broker. A broker can underwrite in many states - and has listings of companies (Lenders) that he underwrites for that will underwrite in the state of Texas.

For instance I am a Broker, and underwrite for over 150 companies. Not only that, but I only pull your credit 1 time, and lenders go off my credit report to qualify you for a home loan. 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 rate 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. When looking for a home, please do not apply for a credit card, Department Charge Card, Gasoline Card or make any major purchases, like a auto, etc. This will pull your credit down.

Good Luck, and if I can help in any way check out my web site, for links to all the credit reporting agency's and other useful information.

Answer 3

Most lenders are Nationwide. so I would not worry about the lender. What you need is a good Realtor in Texas.You do need a Realtor that is licensed in Texas. I would recommend Redfearn Real Estate. It is a smaller agency, but provides excellent service.

Answer 4

In reality, it does not matter much BUT I would suggest you work with some one here in California if it is to purchase an investment home. Not because I work here in California but because most of us work with lenders that do loans all over the US. I would be a real husstle fo you to try to work with someone in Texas if you are not in Texas.

If you are moving to Texas then I would suggest you work with someon in Texas when you move.

Good luck

Answer 5

Are you wanting to MOVE to Texas or just BUY there?

I'd either get a local lender (to where you live) or a national lender.

Answer 6

Use the lender that going to give you the best interest rate and lowest fee. Meridian Capital Mortgage Pays for the Appraisal. Their fees are low and they give you the lowest interest rate you qualify for. There located in Orange County, but have office in northern California also.

http://www.firstmeridiancapital.com/

Answer 7

Use a lender that operates in multiple states. I used Countrywide when I moved to Houston in 1999. They were great.

Answer 8

I'd agree with your husband. I don't think it's a stable investment especially since you won't be there to see to the property. Invest your money elsewhere and save the money for your down payment when you can buy a house. Can you imaging flying to Texas or Colorado when ever you have tennant issues.

Answer 9

Need a good Realtor?
If In Alabama - e-mail me
If not in Alabama - I can still recommend an experienced Realtor from your area that will give you OUTSTANDING service! I work with a network of Realtors across North America.
http://www.pauld-kw.com
http://www.bhammls.com/dziedzic

Answer 10

It does not matter. Most loans are sold to nationwide loan servicing companies. If there is a loan company that you have already done business with, you may qualify for a lower interest rate.