A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainty about the buying process. A specific cause for concern tends to be mortgage qualification.
I would love to connect you with one of the amazing Northern Colorado Lenders that I use and trust to help my clients get pre-qualified. I always recommend contacting a LOCAL lender because they are so knowledgeable about the current Loans, Grants, and Assistance Programs specific to the communities ( Loveland, Berthoud, Fort Collins, Johnstown, Greeley, Milliken, Windsor, Severence, Kersey, Eaton, etc) you want to live in. No Pressure, No Obligation, Just Great Info from great local lenders!
In order to qualify in today’s market, you’ll need to have saved for a down payment (73% of all buyers made a down payment of less than 20%, with many buyers putting down 3% or less), a stable income and good credit history. There are so.... many great loan options available that it's worth finding out what you can qualify for.
Throughout the entire home buying process, you will interact with many different professionals, all of whom perform necessary roles. These professionals are also valuable resources for you.
Once you’re ready to apply, here are 5 easy steps that Freddie Mac suggests you follow:
Do your research, reach out to professionals, stick to your budget, and be sure that you are ready to take on the financial responsibilities of becoming a homeowner.