Buyers

Think about these questions very carefully. You are ready to start house hunting when you can realistically answer each of these questions. Buying a home can be very emotional (full of excitement, hope, worry, doubt…) You owe it to yourself to consider your needs carefully and learn enough information to make a good, educated decision. We pride ourselves in providing a comprehensive and easy to understand picture of your home financing options. Contact Us at any time to begin answering these questions for yourself.

Many new properties that come on the market receive multiple offers within the first week of availability. We are even experiencing offers that are higher than the listed price!

In a normal market, prospective buyers get "pre-qualified" by a home loan professional and receive from them a "Pre-qualification Letter." This letter is intended to show the Seller that a home loan professional has reviewed your income, credit, employment and debt ratios. Based on that information, you would be qualified to purchase a home at a specific dollar amount. In actuality, people are often times "pre-qualified," but when it comes to actually getting approved, it is not uncommon for those same people to be declined. Why? Because filling out a loan application, having your income and assets verified, and then having it reviewed by an underwriter is much more substantial than a simple "pre-qualification."

Sellers in this market are fully aware of the difference between a "pre-qualification" and a "pre-approval." So when they receive multiple offers of like value, they will accept an offer from a "pre-approved" buyer before an offer from a "pre-qualified" buyer 100% of the time!

Getting “pre-approved” can be done in personor over the telephone.. The process can be done by close of business today!

A recent study by the Mortgage Bankers Association of America revealed some startling facts: of 100 people who applied for a standard 30 year fixed rate mortgage through traditional ending avenues (banks, savings & loans, credit unions, etc.), less than 40% qualified for that loan. That leaves 60% who were forced to seek alternative real estate financing solutions.

Credit issues that can prevent you from obtaining a traditional lending profile include:

Late Payments (On home loans, car loans, credit cards, etc.)
Collections
Charge-Offs
Judgments (also called Abstracts of Judgment)
Bankruptcy/Consumer Credit Counseling
Foreclosure

These items, unless paid off and/or eliminated, will not go away, and will continue to prevent you from realizing your best financial future.

We help people with less-than-perfect credit attain the American dream of home ownership. Even if you have little to no cash for a down payment, there may be a program perfect for you! To learn more about how you can own a home of your own, please contact us!