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Real Estate & Financing Your Home in Warner Robins GA

Financing and interest rates on new homes is changing daily. One recent change is that 100% loans for the most part are going away unless you qualify for a VA Loan. Credit score requirements are also increasing. This doesn't mean its impossible to get a loan, it just means that you need to plan ahead. 600 credit score is not hard to achieve, but it will be very important if you want to get that new house you have been dreaming of. If you don't qualify for a VA Loan then you should plan on putting at least 3% down on your new home. If you don't have a 600 credit score or 3% down then that shouldn't stop you from looking at homes right now or making an offer. It is still a great time to buy a home with low interest rates, a buyer's market, and there are ways to work with your current credit score and down payment. One option that might work well for you is a lease purchase, another would be a delayed closing, and we can try to find other options for your particular needs. But your best bet is to have 3% down - so start saving now if you haven't already. I also recommend calling a local lender in your buying area TODAY to get qualified, find out your credit score, how much you qualify for, and get your preapproval letter. If your credit score is low then you can start working with your lender today to start getting your credit score where it needs to be in order to purchase the home when you want. If you are ready to purchase a new home and wish to get a 100% loan then you have a few days left, because it is still possible to get a 100% Conventional loan until the end of March (5 more days). John Cobb 478-396-2440 Homes for Sale in Warner Robins GA