If you're thinking about purchasing a home anytime within the next year, you should contact a loan officer and begin discussing the various home loan programs available. There are many different loan options available to you, and those options depend on whether you need closing cost assistance or not. Buyers who have money for their down payment will receive the lowest interest rate possible, and buyers who need down payment assistance can still receive an interest rate at around 3.25%.

The FHA or VA 5/1 adjustable rate mortgage  is a safe loan program that allows buyers to purchase their dream home while still keeping a low monthly mortgage payment. Buyers who qualify to buy a $180,000 home can actually  purchase a $230,000 home, and the monthly mortgage payment remains the same!

No two buyers have the same credit profile, and credit scores and monthly debt both affect the type of financing you receive.  So to see how much home you qualify for, please contact any of my preferred lenders for your free credit check and loan approval. There's never a cost or obligation, so contact a loan officer today and begin previewing homes tomorrow!