[707782]

Hello, I'm looking to buy a house for the first time in my life, since this is the first time, I know nothing about how to get a good loan, and not let anybody rip you off.

As far as my credit goes, well, I don't have much credit history, I don't have any loans, and I just started to using ************, so concerning about my credit, nothing bad and nothing good, just without much history.
My monthly earning are consider low too.

Where to shop for a loan at a good rate?
Any other advices you think that's important to know?

Thanks

[isetcap]

Hello, I'm looking to buy a house for the first time in my life, since this is the first time, I know nothing about how to get a good loan, and not let anybody rip you off.

As far as my credit goes, well, I don't have much credit history, I don't have any loans, and I just started to using ************, so concerning about my credit, nothing bad and nothing good, just without much history.
My monthly earning are consider low too.

Where to shop for a loan at a good rate?
Any other advices you think that's important to know?

Thanks

Start out at lending tree. If your sales price is within the limits of FHA in your area, then I would suggest taking advantage of that program since you are a first-time home buyer. It's primary benefit is that it requires considerably less down payment, which in today's market of low rates is quite beneficial. From a rate standpoint, there is very little premium to be paid if any when choosing FHA, every bank can do them, and the only major drawback is that you will be paying a small mortgage insurance premium each month until your equity in the home exceeds 20%. You will receive several responses from individual banks once you apply at lending tree, and most of the officers are quite helpful in working with you to determine your needs.

If you should need any further assistance, feel free to send me a message and I'll answer any specific questions you might have. Choosing to be a homeowner is a solid move.

[707782]

Regarding about the fees, what place usually charge you all kind of fees that you can usually avoid? and what place usually just charge you the fees that're required, and the reasonable amount?

[Dark Horse]

FHA loan for first time home buyers is solid advice. I believe that if you go for that option, you are required to attend a class where all the details are explained and all questions answered.

[707782]

I don't think FHA loan is for me. I have enough downpayment, and I don't think I qualify for it.