I would like to know how much money I would be expected to put down?
Does being an Army Veteran help with anything?
How good does my credit score have to be to buy a house?
Should I visit with realtor before I look for a house I like?
2007-03-08 05:36:18 · 4 answers · asked by FordGT guy 3 in Business & Finance ➔ Renting & Real Estate
The first you should do is to get pre-qualified with a lender. This would allow you to know how much you are qualified for and you could begin looking at houses in the price range you were qualified for. The worst thing to do is to find a house and realize you are not qualified for that amount. Also, during this process they would tell you if you needed to work on anything with your credit and any programs that are offered for military veterans. Good luck :)
2007-03-08 05:42:01 · answer #1 · answered by Lorraine 1 · 0⤊ 0⤋
First go to this web site www.realtor.com and browse through the houses in your area of interest. Pick 4 to 5 houses and call the real estate dealer who placed ad and ask him/her to show the house. Once you selected the house of your interest then go to a banker or credit union. The best option would be a credit union because the people at Credit Unions are more friendly than people at Banks. Open an account with a credit union if you don't have one and talk the officer who is in charge for house loans. Rest he will take care you like running the credit report, sanctioning the loan which you are eligible and also given several options of down payment. Since you are an Army Veteran you might be eligible for even '0' down payment. Good Luck and God Bless You.
2007-03-08 05:45:01 · answer #2 · answered by Kiran 3 · 0⤊ 0⤋
Go see a realtor first and they will tell you what you have to do and also tell you about your credit and being an army veteran entitles you to a VA loan, they will also tell you if your credit is good enough to be eligible for a loan but you still have to contact the VA office and have them send you something about how much you are entitled to from the VA for finacing purposes
2007-03-08 05:38:55 · answer #3 · answered by Mary O 6 · 1⤊ 0⤋
www.rodneyanderson.com
Realtors have no mortgage advice. A mortgage company can help you get preapproved and Rodney is well versed in all types of loans, especially VA loans. VA loans are excellent loans, but realtors will often steer you away from it because they don't understand them.
2007-03-08 05:39:13 · answer #4 · answered by Blunt Honesty 7 · 0⤊ 0⤋