So you've been pre-approved for a mortgage

Congratulations! You've been pre-approved for a mortgage!! Now what? Pre Approval 8th and Home

  • Keep the process moving by responding to your loan officers’ requests for documents ASAP!
  • Make decisions as soon as possible.
  • Keep your Realtor informed during the process (!!!)
  • Relay questions or concerns AS they develop.
  • Continue to make all of your rent or mortgage payments on time.
  • Stay current on all other accounts, including utilities, credit cards, etc.
  • Continue to work your normal work schedule with no unplanned time off. If you have planned vacation time, be sure to notify your lending / Realtor team.
  • Do not open any new accounts or charge large amounts.
  • Be prepared to explain any large deposits in your bank accounts.

preapproval 8th and home

After you have been pre-approved for your mortgage:

  1. DO NOT make any major purchases (car, boat, jewelry, furniture, appliances, etc.).
  2. DO NOT apply for any new credit (even if it says you are preapproved or “xxx days same as cash”).
  3. DO NOT pay off charges or collections (unless directed by your loan officer to do so).
  4. DO NOT make any changes to your credit profile.
  5. DO NOT change bank accounts.
  6. DO NOT make unusual deposits into your bank accounts or move money around from one account to another.

pre-approval 8th and home

 

Are you in the market for a new home? Do you need to speak with a trusted loan officer? Check out our trusted loan officers here: 8th & Home Lenders

VHDA 3% Down Payment Assistance Grant

Do you know the definition of first-time homebuyer? Did you know you can qualify to be a first time homebuyer even if you've purchased before? Simply moving to a new state can qualify you as a first time homebuyer! 19195 Sweig Terrace Leesburg

VHDA’s First Time Home Buying programs are truly a breath of fresh air!

Did you know that:

  •  a First Time Homebuyer by definition is someone who hasn’t had a mortgage in 36 months!
  • in “Targeted VHDA Areas” you don’t have to be a first time homebuyer at all!
  • the VHDA offers 100% loan options for buyers!
  • the VHDA offers a 3% grant to help with the down payment of a loan!
  • the VHDA program works with all eligible buyers to make sure they understand how to balance their finances.

19195 Sweig Terrace Leesburg

 

Qualified buyers may receive up to 3 percent of the purchase price, to help with the down payment on their first home.

Buyers must have household incomes at or below program limits. Down Payment Assistance Grant may be used with only the following VHDA purchase programs: Conventional, FHA and Fannie Mae. Additionally, grant funds may not be used in combination with other down payment assistance resources (including FHA Plus). Finally, the down payment assistance grant has no repayment (with no note or deed of trust).

19195 Sweig Terrace Leesburg

VHDA's first mortgage must be locked on or after March 12, 2015 and the funds (available on a first-come, first-served basis) must be allocated by September 30, 2015.

As a Certified Licensed VHDA Instructor and Originator, Joe Sable's knowledge can unlock the door to your new home! Contact him directly for more information about this program and more!

Joe Sable SWBC Mortgage

 

Joseph Sable         

Senior Loan Officer, NMLS# 1090019

8521 Leesburg Pike, Suite 275, Vienna, VA  22182

CELL:  703.554.7216 | EMAIL JSABLE@SWBC.COM

Apply Online: https://www.swbcmortgage.com/joesable

 

And ... if you're in the market for a new home to purchase with your VHDA program loan, take a look at this beauty:

 

To learn more about this listing, visit I Saw A Sign