how to aquire a house?

Question

how to aquire a house in illinois

Answer 1

Buy below market value- www.hud.gov

Answer 2

Aquire? You mean purchase or buy a house? There is a long list of things you need to do to buy a house. Briefly, the first thing you'll need to do is find a mortgage lender. A lender, not a broker and have them sit down with you and go over the process, submit an application, have them check your credit history and then you can find out how much you qualify for.

Once you know that, then you can hire a real estate agent and find yourself a home. The process is long and confusing and you should do more research so you know what is going on and what is going to happen so you are informed along the way.

I can help you understand the process more, email me if you have more questions. I hope this helps.

Good Luck!

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Answer 3

The first thing I tell all my clients is to check around with different lenders in your area to see what kind of programs they have. 9 times out of 10 you will have better luck with a broker because they work with multiple lenders and therefor have more programs.
If you have a Bank Of America in your town, go and check them out. I know they are running a program now where they will give you 2,000 toward a house plus an additional 200. for opening an account with them. Also if your a first time home buyer you may qualify for Sonya ma and they will give you a 5,000 dollar grant towards your closing costs. So you could actually end up with 7,200 between the two.
You need to find out how much house you can afford. Then once you have your pre-qual letter go and find a real estate agent.
They will help you with the rest.
Foreclosures may not be a bad idea either if your into that.
Good Luck

Answer 4

The very first thing you need to do is be debt free. Buying a house with a pile of credit card and auto loan debt is a guarantee that something will go wrong and you won't be able to fix it. (Murphy's Law)

The second thing you need is 20% down payment. Again, moving into a house with no equity (little or no money down) is another invitation for Murphy to move in.

You also need three to six months expenses in the bank. (mortgage, lights, water, food, transportation, etc) Otherwise, you're one lay-off away from foreclosure.

You're house payment (mort., insurance, taxes) should not be more than 25% of your take-home pay.

Answer 5

Acquire?

The state you wish to acquire a house in, isn't as relevant as do you have the money?

Since you give no details, and I don't wish to offend you, there are many options.

If you have down payment money, steady employment, decent credit, find a house you want that happens to be for sale, connect with a decent realtor,,,You should be in a house in less than 90 days.

If you have poor credit, or are in a low income/subsidy bracket, you might still be able to "Purchase" but will have more restrictions.

Rev. Steven

Answer 6

well first you've got to catch one and there pretty slippery so you better wear gloves.

Answer 7

more info here........buying...building...renting