Buying First House - Need Lender
Hello. . .this is my first time at TCI, and I hope this is the right place for this post.
I've never bought a house, or property, or anything, so I am very very new to all of this.
I am interested in buying my first house, as a primary residence. I drove around and found out that a new townhome community is being built in a really pricy neighborhood. 3 years ago, town homes a few blocks away, were being sold at 460K and are now being sold for 610k.
I am pretty sure similar gains will be made at this new community as well.
The town homes are going to be sold in the 500’s. . .
I earn 120K a year as a consultant, and have 40K in savings (i also have a 710 credit score). Does anyone here know a lender that I can speak to that could help me get one of these properties?
Thanks!
[ Edited by 3rdChimpanZ on Date 02/24/2004 ]
Based on the information you provided you should be eligible for a 1st time homebuyer loan or even a FHA loan. You can look in the lenders tab. Or call your local bank. You probably be able to qualify for 103%, 107% or a 100%
Lori
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