where to start when buying a home …

FIRST STEPS:

• Find a buyer’s agent. (Hello! :)

• Determine your debt-to-income ratio and know what you can afford as a monthly payment.

• Decide on a down payment right for you. 

• Choose a lender, we can refer you one, and get a mortgage pre-approval. This is an important part of the process to help know what you budget is for a home price.

• Determine the area ideal for you and start your search! Look at home with your agent to narrow down the perfect fit.

• With the help of your agent, make an offer, and we’ll steer you through the rest!

Buyer DO’s & DON’Ts:

Here is a quick list of things to DO and DON'T do when you are buying a home.  These could impact your ability to get a loan.

• DO get pre-approved. This is a great time to shop rates with lenders.  Waller House can happily make some recommendations.

• DO check your credit report.

• DON’T change jobs.

• DO continue paying credit cards and other debt.

• DON’T make major new purchases on credit.

• DO expect a final credit check before loan closing.