Are you a First Time Home Buyer looking to purchase your first house? There are special mortgage financing options to help you!
First time home buyers who have good credit and a solid work history can qualify for special mortgage options on their new Dallas home. If you can afford a 5% down payment, then you can save a significant amount over other Dallas mortgage financing options, such as an FHA loan.
The best part about this Dallas mortgage program is that there is no Private Mortgage Insurance (PMI) required and no mortgage origination fee that will be charged to you at closing. This will significantly reduce both the closing costs as well as your monthly payment on your new Dallas house, saving you a great deal of money.
Under this Dallas First Time Home Buyer mortgage financing program, you need to have a minimum credit score of around 680 and have a debt to income ratio of less than 38%. If all of these numbers confuse you or you are not sure if you qualify, don’t worry. I can put you in contact with a great mortgage lender who will explain all of this to you and check to make sure that you qualify.
For more information on buying a Dallas house or on this great mortgage financing option, Contact Us. Not interested in a Dallas home? I can assist you anywhere in the DFW Metroplex or refer you to a great real estate agent in your area.
