First time home buyer question...FHA loan, how much can I get, how long does it take, etc...?
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Thread created 11-09-2011 by prozac4312
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I bought my first house 3 years ago and had waited until I could avoid PMI (20% down) and I was able to get a first time home buyer rate through my state (I have stellar credit but had to fight to...
First time home buyer question...FHA loan, how much can I get, how long does it take, etc...?
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Thread created 11-09-2011 by prozac4312
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Yeah, $100k would be the absolute max we're looking to spend. We don't want a condo or split level...anything else is fine if it's nice.
I'm mainly concerned with how much we'll be able to get...
First time home buyer question...FHA loan, how much can I get, how long does it take, etc...?
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Thread created 11-09-2011 by prozac4312
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You should get a (free) copy of your and your wife's credit reports (www.annualcreditreport.com), and make sure nothing is amiss there. Scores might not hurt either, especially if you've never...
First time home buyer question...FHA loan, how much can I get, how long does it take, etc...?
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Thread created 11-09-2011 by prozac4312
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The whole point of becoming wealthy is not to pay for things you don't need and can't afford.
Like PMI.
You'll regret buying this house if you jump before you're ready.
We saved and lived in...
First time home buyer question...FHA loan, how much can I get, how long does it take, etc...?
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Thread created 11-09-2011 by prozac4312
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you can negotiate a closing cost credit from the seller in the purchase agreement.
First time home buyer question...FHA loan, how much can I get, how long does it take, etc...?
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Thread created 11-09-2011 by prozac4312
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So my wife finally got a teaching job, and as such, we're looking to buy our first house. Our monthly income is around $5k, I'm 24 and she's 25. She has great credit, has multiple cards that she's...
First time home buyer question...FHA loan, how much can I get, how long does it take, etc...?
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Thread created 11-09-2011 by prozac4312
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...thought the whole point of an FHA loan was to put as little down as possible...?
First time home buyer question...FHA loan, how much can I get, how long does it take, etc...?
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Thread created 11-09-2011 by prozac4312
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You can look around banks or credit unions local to you and ask them to do a pre-approval. They will be more than happy to do that for you and your wife. I believe work history will play a part on...
First time home buyer question...FHA loan, how much can I get, how long does it take, etc...?
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Thread created 11-09-2011 by prozac4312
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Plus, with the time you spend working on getting that 20%, you can improve your credit, pay down debt, and educate yourself on both the finance side and the home hunting side of things. Don't be in a...
First time home buyer question...FHA loan, how much can I get, how long does it take, etc...?
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Thread created 11-09-2011 by prozac4312
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I think you shoul wait til you can put at less twenty percent down and have all of your other debts paid off first.
First time home buyer question...FHA loan, how much can I get, how long does it take, etc...?
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Thread created 11-09-2011 by prozac4312
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you will also need to buy things when you move, so if you only have $5k liquid then keep saving. I think I spent around $2k when i moved unless you have nice relatives/friends that have garbage...
First time home buyer question...FHA loan, how much can I get, how long does it take, etc...?
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Thread created 11-09-2011 by prozac4312
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You can purchase a house via FHA loan for around 3% down payment, you'll be paying an upfront mortgage insurance of 1.5% of the loan amount @ closing, and is refundable within 7 years if you...
First time home buyer question...FHA loan, how much can I get, how long does it take, etc...?
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Thread created 11-09-2011 by prozac4312
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Plus a plumbers wrench, ladder, multimeter, lawnmower, snow shovel, etc etc. All the crap you never need renting that you'll need to get after you own a home. Adds up very, very fast.
The purchase...
First time home buyer question...FHA loan, how much can I get, how long does it take, etc...?
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Thread created 11-09-2011 by prozac4312
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I will disagree with most, the time to buy is when prices are low and mortgage rates are rock bottom. Last Thursday, rates hit an all time low. With so many foreclosures dragging prices down, even...
