First Time Home Buyer In Desoto

First Time Home Buyer In Desoto

First Time Home Buyer In DesotoIf you’re thinking about become a First Time Home Buyer In Desoto, there are several things to consider.  The main thing you have to do is relax a bit.  I totally understand that being a first time homebuyer can cause quite a bit of nervousness.    Just take a breather and let the professionals guide you through the process.  At the end of the day purchasing your first home isn’t going to be brain surgery.  It may seem like it but it’s actually going to be quite simple if you have the right people in place….  So take it easy.

First Time Home Buyer In Desoto Pre-Approval

Step 1 of The First Time Home Buyer In Desoto

The first step you should do before deciding to become a first time homebuyer is get check with your local loan officer “ME” and get prequalified for the mortgage.  You wouldn’t believe how many people actually go out looking for homes and are not qualified for the particular home they are looking at.  Nothing is wrong with looking at a few homes and getting excited about the home buying process, but the problem occurs when you look at a home and fall in love with it.  Then you find out that you can’t get qualified for that particular home, it can discourage the best of us.

Getting Pre-Qualified is the best way to go.  That way you don’t waste your time driving around town looking for that perfect home and end up disappointed.

First Time Home Buyer In Desoto Should Also…

Make sure you’re working with a qualified Realtor.  Unfortunately everyone thinks it’s easy to sell real estate or be a Realtor.  Unfortunately not all Real Estate Agents are created equal.  In this Sellers Market, you definitely want to make sure that your realtor is qualified to make an offer on your behalf.  I can’t tell you the number of people I’ve got that is totally qualified to purchase a home and they can’t seem to win an offer.  It’s a sellers market and they are basically setting the price.  Homes For Sales in Desoto, Cedar Hill and basically all of the Dallas Area are selling for above the list price.  If you’re working with an Agent and they are telling you that you can make an offer for less than what people are asking for, you may want to find a new agent.

 

First Time Home Buyer In Desoto Pre-Approval

In a perfect world you should work with a Realtor that has a relationship with the lender who has gotten your Pre-Approved.  With you being a First Time Home Buyer In Desoto, you don’t want to work with two people who aren’t familiar with how each other works.  You want this process to run smooth.  It’s Your First Home and it’s already stressful enough!  Simply just ask your lender who they recommend that’s familiar with your area.  I promise you, they’ll have a database of Realtors that can help and make your life much easier!

Loans Types For First Time Home Buyer In Desoto

There are several types of loans available for First Time Home Buyers In Desoto.

Our most popular loan options for first-time home buyers:

  • FHA Loan – Purchase your home with only 3.5% down. Closing costs can be a gift from a relative!
  • 30-Year Loan – Our most popular mortgage. Purchase your home with as little at 3% down or less than 3% equity. Get a low payment and the security of a rate that won’t change for the life of your loan.
  • VA Loan – No down payment, no PMI and flexible credit requirements make the VA loan a top choice for veterans and active military members.
First Time Home Buyer In Desoto Pre-Approval

 

 

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