- Pre-Qualify! Know just what you can afford BEFORE you begin to shop for a new home. Loan pre-qualification is FREE and can be handled easily by phone or fax in very little time. It can also help answer many of your questions before they become problems.
- Don't assume your situation will prohibit you from obtaining financing. Be honest and open about what you feel may be a problem. Our seasoned loan officers can easily work through most obstacles.
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Talk with our loan officers prior to:
- acquiring new credit obligations,
- paying down credit cards or other debts or
- transferring funds. - Down payments must be verified through direct contact with the depository institution or evidenced by your most recent bank statements.
- Take extra care to pay bills timely and use credit cards sparingly in the months prior to loan application. An old bad credit history can be offset by a more recent span of restored good credit. Remember that good credit is a responsibility. Contact our loan officers for more details.
- College graduates need only be on the job in their field of study for 1 day in order to qualify for a first mortgage loan.
- A history of rental or housing payments equal to the proposed mortgage payment can compensate for many shortcomings in income and/or credit. Call our loan officers for a detailed analysis.
- Special programs for first time homebuyer's are always available. Call our loan officers for more details.
Buyer's Tips
Print these tips out for future reference and contact Homebuyer's Resource Group for more tips!
