Thursday, July 29, 2010

Tips For Buying A San Antonio Home - Coming Up With The Down Payment

If you’re looking to buy a San Antonio home and you’re entitled to VA mortgage loan benefits, you’ll most likely use a VA mortgage to make your purchase. Why? Because your VA mortgage loan provides 100% financing, ie., you can be in with no down payment.

But, what if you can’t qualify for a VA mortgage loan?

The good news is this. In today’s market, if your credit score (minimum 620) and your debt-to-income ratios are good, there will be a mortgage loan program available for you. The bad news is this. You’ll have to come up with a down payment.

So, how do you come up with down payment money?

Click here for timely tips offered by San Francisco blogger Tara-Nicholle Nelson. It’s a good article - well worth the reading.

And, of course, when you’re ready to visit homes for sale and deal with mortgage lenders, we can help.

We’re Stephanie and Randy Kelley, Realtors® of Keller Williams Legacy, San Antonio, Texas. If you have questions, need San Antonio realty or mortgage loan advice or assistance, or just want to chat a bit about the wonderful Alamo City, please call us at (210) 863-2661 or (210) 867-8743, or E-mail us at swkrealtor@aol.com or kelleybus@aol.com. Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.

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