Contents Seven Steps to your New Home
Step One Visit the Down Payment Assistance Web Sites and Take Notes
- Down Payment Assistance Web Sites
- The Nehemiah Program:
- Equity Grants:
- Example Transaction WITHOUT Down Payment Assistance:
- Example Transaction WITH Down Payment Assistance:
- The Ameridream Charity:
- New Song Down Payment Assistant Program
- National Home Foundation:
Step Two Finding the Right Lender
- Additional Mortgage Resources
- Lender Interview Form
- Banks vs. Mortgage Companies
- Mortgage Payment Chart
Step Three Finding a Real Estate Agent
- Real Estate Agent Interview Form
Step Four Finding the Right Property
Step Five Making an Offer to Purchase
- When your offer is presented
- Deposits
- Down Payment Assistance
- Purchase Price
- Call Your Lawyer/Attorney
- Double Check with Your Lender
- What's Included With the Home?
- Inspection Contingency
- Items to Consider
- Time Frame Specific
Step Six Finalizing the Loan Application and Gift Funds
- Property Surv
- Title Search
- Homeowner's Insurance
- What Happens After You Apply
- Home Appraisal
Step Seven Loan Closing
- Avoiding Last Minute Problems
BONUS INFORMATION
- Personal re
- VA loans
- Condominiums and Townhouses
- Sheriff's sales
- Credit Score Chart
- Locating Discounted Properties
- Credit history .
- Screening prospective tenants
- Other Low and No Down Payment Programs
- Debt consolidation
- Other Sources for a Down Payment
- Seller Financing
- Sample Debt to Income Calculation:
- Investment properties
- Conventional loans
- Financial and tax advantages of owning real estate
- Apartment buildings
- FHA Mortgage Quick Facts
- Single Family Houses
- Multi-family properties
- FHA Mortgage Loans
- Income to debt ratio
- Credit Score - What is it and what does it mean to you?
- Past rental history
- VA Quick Tips
- Rehabilitate "REHAB" Properties
