At American Capital Home Loans, we specialize in:
First-time home buyer loans
Investment property loans
Conventional loans with traditional 20% or more in down-payment on 1-4 residential units
Low down-payment FHA loans (as little as 3.5% down)
No down-payment VA loans
Here are the 3 Steps to Getting Started:
FIRST – you want to get fully pre-approved by a direct lender. There is a difference between being pre-qualified based on your credit and being fully pre-approved. A pre-qualification can be given in 10 minutes by a loan officer who asks you a battery of questions and pulls your credit. But this is NOT enough to go shopping in this market. To make legitimate offers, you want to have a fully underwritten approval that takes into account your income, assets, liabilities, etc. But keep in mind that what you CAN qualify for is not necessarily what you SHOULD borrow. You want to find a professional mortgage consultant to help you navigate your budget so you don’t get in over your head.
SECOND – you want to know what area you would like to buy in and choose a Realtor you can trust. Sure, you can do window-shopping online, but this is a competitive market and you need an expert to help you find and negotiate the best deal. The best Realtors are found by referral, and your mortgage professional would be glad to give you some people to interview.
THIRD – go shopping and make some offers. Be ready to make multiple offers as it is rare to get the first offer accepted and executed. Remember, sellers are looking for the “highest and best” offer that they do no fear will fall out of escrow. If you have a professional mortgage consultant and Realtor with you in the process, you will be just fine.
Get started today by talking to one of our mortgage professionals. We can get you started and on your way to home ownership!