One of the first steps to buying a home is getting pre-approved with a lender. It is also a good idea to use a local lender that is familiar with local lending guidelines as well as loan programs you may be able to take advantage of. Take the steps necessary to get a letter from the lender stating you are "pre-approved" for a loan in a specific price range. It's important to have this letter before you make a contract offer to buy real estate. Once you're pre-approved, you know what price range of homes you should be looking at.
An example of loan programs that may be available to you are ZERO down financing through USDA rural housing loans or pay as little as .5% down with the CHF Platinum loan program*. There are also many other great loan options such as Conventional, 3.5% down FHA or ZERO down VA financing (buyer must meet VA guidelines). Plus, there may be individual city grant/loan assistance options as well. Visit my preferred lenders website today to get pre-approved and find out about all of the unique lending opportunities available to you!
Contact Chris Kohler of Alpine Mortgage Planning today!
916-847-5912
For more information on loan programs click below:
*USDA rural housing loans have income limits and property must be in a pre-determined rural area. Platinum Grant program has income limits and the 3% grant can be used toward your down payment or toward closing costs.
The Platinum loan program is no longer available as of an update I received today from Chris Kohler. He did tell me there are other similar loan programs available though.
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