Your Dedicated Expert To Help You Through The Home Buying Process!
Sams Realty Group Offers A Wide Variety Of Real Estate Support Services To Include the Following:
Buying Residential Real Estate
Are you interested in buying a house? Let us serve as your dedicated buyers agent to help you identify your needs, and then work to find the right property at the right price. Click the below link to check out our home buyer's handbook that provides an overview of the home buying process:
FINANCING OPTIONS: TYPES OF LOANS
(click each type to expand)
- Guaranteed by the U.S. Department of Veterans Affairs (VA), VA loans are for eligible members of the U.S. military (active duty, veterans, National Guard and Reservists) as well as surviving spouses. There’s no minimum down payment, mortgage insurance or credit score requirement, but you’ll need to pay a funding fee ranging from 1.25 percent to 3.3 percent at closing.
- Typical Down Payment = 0%
- Typical Loan Term Offered = 15 years - 30 years
- Typical Minimum Credit Score = 620 (varies by lender)
- Insured by the Federal Housing Administration (FHA), FHA loans can be had with a credit score as low as 580 and a 3.5 percent down payment, or a score as low as 500 with 10 percent down. FHA loans also require you to pay mortgage insurance premiums, adding to your costs.
- Typical Down Payment = 3.5% to 20%
- Typical Loan Term Offered = 15 years - 30 years
- Typical Minimum Credit Score = 580 (varies by lender)
- Conventional mortgages are loans not backed by the federal government. To qualify, borrowers generally need good credit, stable employment, and a down payment. These loans often come with lower interest rates and do not require private mortgage insurance (PMI) if you can provide a down payment of at least 20%. Conventional mortgages are versatile and suitable for primary residences, second homes, and investment properties.
- Typical Down Payment = 5% to 20%
- Typical Loan Term Offered = 15 years - 30 years
- Typical Minimum Credit Score = 620 (varies by lender)
- USDA-insured loans are guaranteed by the U.S. Department of Agriculture and are designed to promote homeownership in rural areas. These loans require no down payment and offer low mortgage insurance premiums, making them an attractive option for low- to moderate-income buyers. To qualify, the property must be located in a designated rural area, and borrowers must meet income limits that vary by region and household size.
- Typical Down Payment = 0%
- Typical Loan Term Offered = 15 years - 30 years
- Typical Minimum Credit Score = 660 (varies by lender)
- Income/Revenue Supporting Documents
- Personal & Business Tax Returns (2 Years)
- W-2s & 1099s (2 Years)
- Pay Stubs (3-6 Months)
- Supporting Documentation For Supplemental Income (retirement, child support, SSI, disability, etc.)
- Assets Supporting Documents
- Bank Statements (3-6 Months)
- 401k or Retirement Account Statements (3-6 Months)
- Brokerage Account Statements (3-6 Months)
- Other Asset Supporting Documents
- Other Required Supporting Documents
- Copy of Unexpired Drivers License
- Social Security Card
- List of Addresses For Past 2-5 Years
- Student Loan Statements (if applicable)
- Recorded Divorce Decree
- Bankruptcy Documents
- Collections Or Judgement Documents
- Any Info Pertaining To Pending Lawsuits
HOME-BUYING PROCESS OVERVIEW
HOUSE CHARACTERISTICS TO CONSIDER:
(click each type to expand)
- Single Family Home
- Duplex
- Triplex
- Quadplex
- Townhouse
- Condo
- Move-In Ready
- Fixer Upper - Will Need Some Cosmetic TLC
- Extensive Rehab and Remodeling Needed
- # of Bedrooms
- # of Bathrooms
- # of Stories
- Desired Square Footage
- Desired Lot Size
- Garage Needs (attached, detached, off-street, street)
- Yard Needs
- Pool/Spa
- HOA (yes or no)
- Type of Foundation (slab or pier & beam)
- Type of Air Conditioning (central AC, mini splits, etc.)
- Type of Heating Source (Gas, Electric)
- Desired Neighborhood Amenities
- Desired Area
- Desired Zip Codes
- Desired School District
- Desired Elementary School
- Desired Middle School
- Desired High School
- Maximum Budget (max total offer price)
- Maximum Initial Monthly Mortgage Payment Amount
- Leave room to anticipate increases to escrow within the monthly mortgage payment
- Maximum Amount Available For Closing Costs
LET'S DEVELOP A RELATIONSHIP!
I would be very interested in speaking or meeting with you to discuss how I can assist you in the areas of real estate, insurance, business consulting, or government contracting support. Feel free to either send me an email at aaron@samsonestop.com, or call me at (210) 788-1034, and I would be more than glad to schedule a face to face meeting or phone conversation accordingly. I hope this helps, and I look forward to speaking with you soon!
Important Forms and Notices
Link To Information About Brokerage Services (IABS): IABS Form - Aaron Sams
Link To Consumer Protection Notice (CPN): CN 1-5_0