Illinois, Wisconsin and Florida First Time Home Buyer Loans
Buying your first home today is much easier with many programs designed just for you, many of these programs require zero to little down payment. If you or your realtor requires a Pre-Approval letter for the seller it is faxed out the same day.
Programs are available for almost all credit grades, from perfect credit history to those that have had payment history problems, and have a lower credit score.
We pride ourselves on being able to assist the first time homebuyer in learning and understanding the process. We take the time to review the credit process and explain the various lender programs available.
The first step is to go through the pre-qualification process, most real estate agents will be asking for this information prior to your viewing homes, this will give you a firm idea of what you can afford and enable you to write the purchase offer with the assurance that you can afford the home. Ameristar Mortgage will perform the following for first time home buyers:
- Review credit history via a Credit Report, how and why they work
- Explain the different types of loan products available
- Explain, "loan to value", that is the amount of money being borrowed versus the value of the property
- Examine your debt ratio, which determines how much payment you can afford
When we have completed this step, you will have a better understanding of the loan process and products, which are available to you. We have a large list of our mortgage programs available for you.
Next we will explain the various ways to start looking for that "special" house that will become your home. We will explain the different ways homes are marketed, whether the home is listed with a Realtor or is For Sale By Owner.
Then we will go through the time line, from
beginning to end, what is involved from the day of pre-approval to the day
of the close on your new home and you move in.
Buying your first home can be exciting and scary all at once. There's so
much to know, so much to decide. At Ameristar Mortgage, we take the worry
out of home financing and give you the information you need to get on with
living.
Please
contact
us for your personal no cost, no obligation pre-qualification!
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