Page 14 - Homeowners Manual - Dallas-Fort Worth, Texas

GETTING STARTED - BUYERS

Getting Financing
If you plan to finance your home purchase, it’s crucial to start the mortgage loan process well before buying a
home; even prior to the bidding process�

LOAN OPTIONS - Talk with loan officers at financial institutions, mortgage companies or savings and loan
institutions to reveiw the types of loans that are available and/or applicable to you and compare rates�

FIRST-TIME HOMEBUYER - If you are a first-time homebuyer, you may have the potential of qualifying for
mortgage programs with little money down, low interest rates or federal programs that give beneficial rates�

FINANCIAL HISTORY - By having good credit history and a limited debt load, you should gain a better loan
rate� However, if your current credit score is less than ideal, ask your financial representative how to improve
your score and earn a better rate�

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