I am a first time Home Buyer, is there anything special I can do to save money!? PLEASE HELP!?

I am buying a home for the first time. What type of programs can I look for? Or loan opportunities that are available to me? I live in Florida and would like to migrate south to Brevard county. I am a first time home buyer- I have NEVER owned a home. Please help!

Public Comments

1. go with your credit union for a loan, and SAVE YOUR MONEY. you WILL need it for the future
2. B of A has great first time programs as well.
3. Hello: First of all you need to review your budget, to see how much you can afford to pay on your new mortgage payment. There are various factors that you will need to consider as for instance, price, area, number of bedrooms and bathrooms. As for the programs, there are lots of programs, but the way the mortgage industry is going through, the banks are getting more strict regarding they way you will qualify for a new financing specially if you are a first time home buyer. Your credit is very important at this point as that will be your presentation with the lender to see how good or bad you are responsible making monthly payments. It will help if you come up with some down payment to make stronger your application. If you have documentation as for instance, pay stubs, w-2 or 12 month bank statements that will be a plus; depending if you are w- 2 wag earner or if you are self employed. Rates are depending to various factors and some of them will be: % of financing (100%, 97% 95%, etc.) fico score, Good luck
4. Depends on your credit. Im also looking to purchase a home and didnt realize how insane of a process it is. I wish you the best of luck...look for the best interest rate and make sure when you buy a home you put a condition on the bid that you will have it inspected BY SOMEONE U PAY ....my parents bought a house that was ''inspected'' and when they bought it, tunred the water on the basement flooded.... real estate agents can be very devious so just beware. if you dont know about structural/plumbling ect bring a list of questions with you when you view the home or better yet bring someone who knows about thes things or has been through process.... wishing you luck:)
5. you can also look into getting an FHA loan for first time home buyers if you live in the U.S. you do have to have decent credit and at least 3% down. The Max amt you can borrow is $362k you can check out more info at www.hud.gov and follow the links good luck
6. Also check to see if you qualify for any of Florida's first time home buyer programs. You may qualify for some assistance to buy your first home. Check out the site below to learn more. Good luck!