Ok so, First time home buyer here! SO and I are beyond ready to get out of our tiny apartment and have our Own place, especially with a baby boy now who wants room to play.
I don't really know the steps to even Start at. We have looked at a few houses already with a Realtor we really like, but we want to look around for a bit. We have not gotten pre-approved yet either, but we do know from the pas that we qualify for about 250k. (We are only looking at 140k). We live in Tulsa, Oklahoma. I am Cherokee, and I know there are some first time home buyers programs through the Cherokee Nation that could help with a down payment. There are also some governemt programs that I have heard are very good.
Anyways, since this is our first home I really don't wanna get screwed over by either the realtor or the banks. So does anyone have some advice on what to watch out for? Certain banks to use? Etc. Anything will be helpful, thank you!
** We are going through Cherokee! They have a wonderful program in our area that we qualify for. We only have to put 2.25% down, which we intended to use for appliances and such, but I forgot my SO has a motorcycle just sitting collecting dust worth another 5k so we are good! And it is fixed for 30 years. Thank you for all of the wonderful advice, and feel free to keep posting if you have more to say on the realtors/houses, etc.
***** Ok. I would just like to say thank you to all of those that actually gave helpfull advice, and thank you to those who stuck up for me. No, I can NOT afford 20,000 down. I am not RICH. But in no way am I poor either. I am just young, and looking to start my life. I, for one, am grateful the government offers programs that can help me and my family start our lives without having to wait another ten years. My family can easily afford payments each month. We will be moving soon. I truly do appreciate the advice I was given, I have already taken most of it.
Also, it really sucks that CM is turning into a place where I dread posting something (Even if it were about saving a puppy). No matter what you say, there are always people that think they should try to ruin your day. And to all of you, I say, shame on you. You really should find something better to do than bash on a young mother trying to find her way in the world. I may not have been able to save a lot of money yet, but I sure as hell can afford to support my family. I hope you all eventually find something that makes you happy, because it really is sad to see people cutting me down for simply trying to buy a home.
That being said, thank you again to all that were kind(: It was appreciated.