Home Loan Options in St. Louis, MO
Goal of Buying a Home
By Tim Whitmire
Whether your goal is to buy your first home or your next home, this market demands planning and preparation. Getting pre-approved by a reputable local lender is a great way to start. Our goal at First Integrity Mortgage Services is to help you find the right program that best serves your needs and to make the process as easy and painless as possible.
We start by gathering the information needed to complete your loan application. From there, we will ask a few additional questions to understand what is essential to you fully, so we can put together all the relevant options you qualify for to present to you. There more options than your standard 30 yr. fixed-rate mortgage with a 20% down payment.
There are a number of special programs specifically designed for first-time buyers. They are mostly aimed at reducing the amount of cash needed to close. First-time buyer programs require a smaller down payment. Also, there are down payment assistance grants available, and many times you can negotiate with sellers to help pay for closing costs. We can help you get into a home without needing so much cash to close.
Buying Your Next Home
Buying your next home when you already own a home can be a special challenge. A lot of times, home buyers plan to use the equity from the sale of their existing home for the down payment of their next home. This requires your purchase to be contingent on the sale of your current home. The problem is that it can be difficult to get sellers to agree to this in a seller’s market.
There may be options that don’t require the sale of your existing home to make that purchase. The plan may still be to sell your existing home, but working around the contingency can prevent you from losing the home you want to buy. Knowing all of your options can help you make it happen.
Know Before You Owe
We put together worksheets to clearly illustrate what fees are involved, what is needed for taxes & insurance, how much cash is needed to close, and your monthly payment all on one page. We can do this for specific homes you are interested in. This way, you know exactly what to expect even before ever making an offer.
We would love to help make your next purchase the enjoyable experience you deserve. Call us to get started today at (314) 878-7900 or (888) 246-8575.
For questions or comments, please contact Tim Whitmire at 314-402-8184 or timw@firstintegrity.com, NMLS# 279207.