What is one of the most important first steps in your homebuying journey? Getting the pre[approval letter from your lender and qualifying for a loan. Most sellers today will not even entertain an offer for their property without a pre-approval letter is the buyer is financing the purchase of the property. It’s important as a homebuyer that you understand what it takes to qualify for a loan. This presentation provided by the Federal Housing Administration (FHA) will help you understand what it takes to qualify for a loan. Remember — Knowledge is power!
If you have more questions or want to get started on your homebuying journey – Contact me.