Real Estate Services by PhiladelphiaHouse.Com

First Time Homebuyers


Buy Your House On Layaway!

One of the biggest problems first-time homebuyers face is producing the 3.5%
down payment (PHA’s minimum requirement as of December 2010). That’s why we
provide a budget plan while assisting our clients in getting their credit and mortgage
documents ready. From every paycheck they reserve a specified amount toward
their deposit in a slate controlled escrow account (very similar toward a layaway plan).
This exercise also helps toward loan approval. When underwriters (the people who
approve your loan) see your due diligence and determination toward buying a house
they are less likely to suspect you of being prone to a foreclosure down the road.

Call our office and ask our agent to help get you started on a budget plan today! 

 

The Spirit of FHA Mortgages! 

Throughout history FHA has helped stabilize tough markets by helping people become homeowners.
There are three things FHA looks at when considering your mortgage application.

1. Income: They will want to see pay stubs demonstrating current employment.
They also want to know what you’ve been up to for the past two years.

2. Your Credit: They expect you to be paying your bills on time, and reasonable explanation for any
past issues that may have tarnished your credit.

3. Downpayment: You must be able to provide 3.5% of the purchase price through either your
savings or a gift from your family.

That’s all it takes to get a mortgage.
That’s the spirit of FHA!

 

We assist First Time Homebuyers by locating the best possible mortgage programs
and rates available, and by providing Seller Assistance to help buyers' pay their closing cost. 

If you are coming into our office to Prequalify
please bring in the following documentation.

    • Your 2 most recent Pay stubs.

    • Last two years of filed W2 forms.

    • Your current Bank Statement.

    • $25.00 Application Fee.

    • Photo Identification (Valid, State or Federal) 

To Prequalify Now fill out the form below.
Please provide us with your phone number and a representative will personally contact you.

 

Contact Information
* First Name:
* Last Name:
* Email:
Address:
City:
State:
Zip:
*Day Phone:
Evening Phone:
Fax:
Please send me updates:
Loan/Income Information

The more we know about you the better prepared we are to usher you through the qualifying process. By answering only 5 questions you can help us create a purchase plan specific to your financial position.
Is your monthly income $2000 or more?
If exceeding $2000 per month, please specify monthly or hourly salary.
Are you making payments on any credit cards, student loans, auto loans, or any other type of loan?
Have you ever been more than 30 days late on any of those payments in the last year?
Have you any collections on your credit? This would include unpaid medical bills, cell phone bills, utility bills, credit card bills, auto repossessions, judgments, or any unpaid bills that have been charged off.
Save my information.
* required field
Robbie Mahallati