etermining how much you can afford before you begin your home search
will save you valuable time.

• Prequalifying for a mortgage generally helps you determine how much house you can afford.

• Remember, becoming prequalified does not necessarily mean that you will be approved for a loan of that amount.

• Preapproval from your lender means that you have provided them with the necessary paperwork, and they have approved your actual loan amount.

• Having preapproval for a home loan will put you in a much better negotiating position, because the seller knows that you are able to obtain your loan to purchase their home.

Most lenders require a 5 to 20 percent down payment; 25 percent or higher down payment may qualify you for a lower percentage rate.

Some lenders offer excellant zero-down programs to assist you.  Ask your preferred lender about "Zero-down" options.

We can help you locate a lender who will assist you in finding a financing package that best meets your needs.