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56 year old first time home buyer, need advice.

Finally saved enough money for a first home. FICO score is around 787 a couple years ago. I have no outstanding car loans or any other debt for that matter. What kind of loan do I qualify for? is there any special type for my age, first time home buyer status ect ect by robert2828 from Los Angeles, California. Jul 2nd 2010 Reply


Gregorio Denny (GVDenny)
#258 ranked lender in California - 380 contributions

Robert, age is irrelevant and you will most likely qualify for whatever you need. Everything is available to you, it just depends on how much you want to put down, how long you want to keep the property, etc. Speak with a qualified loan officer and have them go over the options with you. Gregorio Denny --WeFixRates.Com--

Jul 2nd 2010
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Matt Davis (Matt Davis)
#152 ranked lender in California - 52 contributions

Hi Robert,You have many options and advantages as a homebuyer and first time homebuyer. There are limited down payment options that are guaranteed by FHA as well as Fannie Mae and Freddie Mac. Most of the time, the details are set by your budget and available funds you have to put down. The purchase price range will be dictated by what payment range you are hoping to stay within. Once you have an idea of how your down payment and monthly payment would be, it will give you a nice range of prices to look within.Best,Matt Davis

Jul 2nd 2010
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Richard Woodward (RichardWoodward)
#39 ranked lender in Texas - 106 contributions

Congratulations Robert for taking that step to home ownership. As a well qualified buyer you have many options including Zero Down Payment. I would be happy to share with you my free e-book ( www.mortgageprosus.com/HomebuyersHandbook) or prepare a customized purchase plan for you. Happy House Hunting.Richard

Jul 2nd 2010
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Jim Teak II (jimteak)
#238 ranked lender in California - 14 contributions

Sure Robert You Are An Easy Buyer To Get A Loan & Home For...Call Me 24/7/365...I Have ALL Your Answers Too...Jim Teak II @ 619-293-4200...www.JimTeak.com

Jul 2nd 2010
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Rudi Hofmann (CaPortfolioLoans)
#282 ranked lender in California - 380 contributions

For traditional bank financing, you will need 4 lines of "open" credit with at least two years history. ... Happy funding, Rudi

Jul 3rd 2010
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