| The first step for Houston first time home buyers is to | | | | - What are the estimated closing costs? |
| choose a lender and know your financing options. Visit | | | | - Are there any down payment assistance programs |
| with an experienced mortgage lender and ask for | | | | available? |
| financing information. Here are some items to review: | | | | - Is the lender willing to give you a pre-qualified letter |
| - What is your credit score (middle of three bureau | | | | that can be used when you make a purchase offer? |
| scores)? | | | | - Make note of any other questions you may have for |
| - Would you benefit from a higher score and if so how | | | | the lender. You may have to visit more than one |
| could it be improved? | | | | lender to compare terms and find someone you trust |
| - What size mortgage do you qualify for? | | | | for your financing. |
| - Are there any errors in your credit file and if so how | | | | The next step is to choose a realtor and shop for a |
| can they be corrected? | | | | home in your price range. Your realtor can give you |
| - How much down payment would be required if any? | | | | information on neighborhoods, making an offer to |
| - What loan programs are available and how do they | | | | purchase, getting home inspections, having the home |
| compare? | | | | appraised, and other details. If you have a good realtor |
| - Which loan program does the lender suggest for | | | | and lender they will help make the process easy. |
| your needs? | | | | Texas residents can get more information at our |
| - What would be the estimated interest rate and | | | | Houston first time home buyer website. Or call my |
| monthly payments? | | | | office at 281-537-7800. |