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Buying a House This Year? This Should Be Your 1st Step!


In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show that you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.

Even if you are not in an incredibly competitive market, understanding your budget will give you the confidence of knowing whether or not your dream home is within your reach.

Freddie Mac lays out the advantages of pre-approval in the ‘My Home’ section of their website:

“It’s highly recommended that you work with your lender to get pre-approved before you begin house hunting. Pre-approval will tell you how much home you can afford and can help you move faster, and with greater confidence, in competitive markets.”

One of the many advantages of working with a local real estate professional is that many have relationships with lenders who will be able to help you through this process. Once you have selected a lender, you will need to fill out their loan application and provide them with important information regarding “your credit, debt, work history, down payment and residential history.”

Freddie Mac describes the ‘4 Cs’ that help determine the amount you will be qualified to borrow:

  1. Capacity: Your current and future ability to make your payments
  2. Capital or cash reserves: The money, savings, and investments you have that can be sold quickly for cash
  3. Collateral: The home, or type of home, that you would like to purchase
  4. Credit: Your history of paying bills and other debts on time

Getting pre-approved is one of many steps that will show home sellers that you are serious about buying, and it often helps speed up the process once your offer has been accepted.

Bottom Line

Many potential homebuyers overestimate the down payment and credit scores necessary to qualify for a mortgage. If you are ready and willing to buy, you may be pleasantly surprised at your ability to do so today.

Source: The KCM Crew

USDA Loans - No Downpayment and Low interest rates


Do you know about USDA San Antonio Home Loans?

If you are one of those home buyers who does not have the minimum down payment requirement with Conventional and FHA loan, then a USDA home mortgage loan may be for you. USDA home mortgage loans are offered to help households purchase homes with NO DOWNPAYMENT requirement! USDA home mortgage loans offer many advantages to qualified borrowers looking to buy or refinance.


100% financing
No monthly mortgage insurance
No asset requirements
Closing costs can be paid by seller

    Low interest rates

Eligible USDA property types include single family homes and condominiums. USDA does have some income and property eligibility requirements. Please Contact us to find out these limits in your area of interest. You can also call us at 210-725-2153

Zero Down FHA loans




The Texas Department of Housing  has made available - through its Texas First Time

Homebuyer program - financial assistance to help make homeownership affordable for

first time homebuyers who have not owned a home within the last three years. Mortgage

loan funds at LOW interest rates are now available for a limited time only through

TDHCAs expansive network of participating lenders and Realtors. You can buy a home

for as little as $500! Call me for details today!! Carlos Gonzalez 210-725-2153

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