Homeownership is one of the first things that comes to mind when people imagine the American Dream, but where should you start? The idea of beginning this process is overwhelming enough to make even the most organized person’s head spin. If you want to buy a home in Texas and need help deciding what to do first, read on.
Research and Organize
Don’t overwhelm yourself too early in the process. Instead, start with organization. If possible, begin your research as soon as you decide that you want to buy a home. If you start early, you can dedicate just 20 or 30 minutes a day to your research and gain a lot of insight without causing yourself too much stress. First, pick a system that works for you. If you like digital organization, use a cloud platform to store your research. If you prefer physical organization, a binder with several tabs will work. Use your system to store information about the housing market, loans, moving companies, and anything else that you might find helpful.
Determine Needs, Wants, and Affordability
What do you consider non-negotiable? Maybe you need a home that was built with disability and mobility in mind. Perhaps you need a certain amount of bedrooms or storage space. When considering your new home priorities, write down the necessities first. You can share this list with your realtor later. Next, think about preferences that may not be dealbreakers. Features such as backyard space might fall into this category. Now take some time to decide what you can afford. How much will you be able to spend? Can you begin making budget cuts now? Will you need a loan?
FHA Loans Texas
If your answer to that last question was “yes,” you should decide if an FHA loan might work for you. You may have already done several searches for things like “FHA loans Texas” or “VA loans Texas.” But even after all the research, you might still have some confusion. It’s understandable. The amount of available information can be overwhelming. FHA loans work like other loans, but they are backed by the Federal Housing Administration. They’re a great option for people who might struggle to secure a different type of loan. They serve people with credit issues and allow borrowers to use money from various sources.
VA Loans Texas
If you’re a veteran or on active duty, consider a VA loan as an option. Getting a VA loan involves meeting certain requirements and obtaining a Certificate of Eligibility. Click here if you want more information or need help getting your certificate.
Assemble Your Team
Now that you’ve done your research, you’ll have a good idea of how much help you’ll need. Contact a lending service for advice and loan help. Hire a realtor to help you find the right home. Start researching moving companies or truck rentals. Secure a babysitter if you have young kids and need the extra help.
We would love to be a part of your team. At Signature Lending Service, we absolutely understand that buying a new home can be difficult and overwhelming. We want to do everything we can to make it easier for you. If you’d like more information, please contact us through our website or call us at (214)-681-3540.