Purchasing a Property

Before you begin looking at homes, make a list of your priorities – things like location and size.  Should the house be close to certain schools, to your job, to public transportation?  How much space do you need?  What type of lot do you prefer?  What kinds of amenities are you looking for?  The answers to these questions will help you find the house that meets your needs. 

 

What is the maximum loan amount I could qualify for?

The lender considers your debt-to-income ratio which is a comparison of your gross (pre-tax) income to housing and non-housing expenses.  Non-housing expenses include debts such as your auto, student loan payments or child support.  The lender also considers cash available for down payment and closing costs. 

 

Should I find out what my credit scores are?

Yes! Your credit history is collected by 3 different credit bureaus.  When you make an application for a home loan, the lender will get a credit score from each of the three credit bureaus.  They will use the median (middle of the 3) as the score with which they will underwrite your loan. 

 

 

Whether you are a first-time homebuyer or a seasoned investor adding to your real estate portfolio, Top Gun Mortgage offers the most expansive choices for conventional financing available in the marketplace. Our financing options can be tailored to your specific needs or wants. We offer the broadest range of conventional no-money down financing for different levels of credit and different types of property (including condominiums, multi-units, and investment properties).

Top Gun Mortgage can get your loan closed and get you into your new home in less time than our competitors. We will make it painless for you. We want the process to be as easy as possible.

We are happy that you decided to buy your first home. You are probably nervous and excited at the same time. It can be a little scary to buy your first home, but it is worth it and we will be with you every step of the way!

 

 

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