Funding Is Step One

If you're thinking about a move, then the first step is to get your finances in order.  If you find your dream home and you don't have your funding lined up to make an offer, then you might just lose your chance!  Home inventories are low and there are a lot of buyers. Put first things first and get your pre-approval rolling!

The Top Three Reasons to Get Pre-Approved:

  1. POF (proof of funds) will be required with most offers.  Pre-approval letters serve as a good indication of your creditworthiness and can be used as your POF when making offers. (Cash offers only need a current bank statement)  
  2. Buyer agents are asked by their governing boards and brokerages to get buyers pre-approved before showing them MLS listed homes.  This is a courtesy to the sellers, who are trusting their homes to strangers.
  3. The whole process is free and should only take a few minutes. 

Our Top 5 Recommended Lenders

Choosing a lender is the first big step toward buying a home.  It is always wise to shop around for the best rates, terms, and closing track record.  The following lenders have been recommended by clients and/or peers:

  1. Caliber Home Loans: Clint Cowan has taken good care of many clients in our office.  Caliber offers many different programs, including VA, FHA, and more.  They can work with lower credit scores and have programs available for new construction and manufactured homes. 
  2. Highlands Mortgage: We have worked with Rae Lyn Bowyer on many transactions and she has always closed on time.  Highland is ideal for clients with good credit and banking history who are buying a traditional home with an FHA or Conventional loan
  3. Keller Mortgage: The ZeroPlus program offers Zero Origination FeeZero Lender Fee, PLUS $1,000 at Closing & A Low Rate!
  4. Homeward: Homeward is an assistance program that allows you to Buy Before You Sell.  They can also give you an edge on the buyer competition by allowing you to make Cash Offers. Email us for more information or an application link. 

Last but not least is your bank: Your personal bank or credit union may also offer competitive rates & terms.  Be sure to shop around! Some of the top banks in our area that offer mortgage programs are: Chase Mortgage - Bank of America Mortgage - USAA Mortgage - Texas Capital Bank Mortgage - BBVA MortgageWells Fargo Home Mortgage

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