Buy A House in 3+1 Steps
I am an Air Force veteran turned mortgage professional who has a passion to bring home financing knowledge to military personnel in active duty, reserves, guard, or veterans. I believe the military can set you up for financial success if you know how to take advantage of what is offered.
You want to buy a house but don't know where to begin?
Start saving money
Using the FHA program, you'll need 3.5 percent to use as a down payment which works out to 12,250 dollars for a $350,000 home.
Next, start paying off debt.
Eliminating expensive car and credit card payments can increase the amount you can borrow by over 100,000 dollars!
Third, check up on your credit.
You'll need to have at least a 620 credit score to have a shot at a decent loan
And last but most importantly, talk with a qualified loan officer.
They'll be able to tell you what you need and how close you are.
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