It can be confusing when you are a first time buyer, but with expert help you will know what comes next.
Connecting with an experienced Realtor is most important. An experienced Realtor knows how to guide you in the process of purchasing your first home.
Sure, finding a property you like seems like the best thing to do first. But then what?
To avoid the heartbreak of learning the home you have found is not what you can afford, for the first time buyer, it will save time and effort to obtain your loan approval FIRST!
Based on the information you provide, the lender will determine how much the first time buyer can qualify for in purchasing your home. The lender will also determine the best type of financing for you, for exampte FHA, Conventional or if you are a veteran an VA loan. Will you need a down payment? Probably, is the answer, because it will depend on the type of financing you will qualify for. The first time buyer may be surprised that the seller may be willing to help with closing costs as well, so as you can see there are many options available.
You will need to provide a good amount of information to the lender, however, a knowledgeable lender will help you glide through the process. If your credit needs help, your lender will show you how to improve it so you can achieve your dream to home ownership. Check out my web site, www.scottcompanyrealtors.com to get an idea of what is available in real time! Benson and South East Arizona is my area of expertise and still affordable compared to most other areas in Arizona.
Your Real Estate Agent can the first time buyer the way. For example, who to call, what you can expect and how to make an offer on a property you can afford. Call me anytime I want to help.