How do I start the home-buying process?
First, you’ll want to get pre-approved for a mortgage if you’re financing. Then, give us a call! We’ll help you find properties that fit your needs and guide you through the buying process.
How much money do I need for a down payment?
It depends on the loan type. FHA loans usually require 3.5%, conventional loans typically require 5-20%, and VA loans may not require a down payment at all.
What’s the difference between pre-qualified and pre-approved?
Pre-qualification is a basic review of your finances, while pre-approval means a lender has
verified your income, credit, and debt-to-income ratio, giving you a stronger offer.
What should I look for when buying land in Texas?
Consider access to utilities, zoning laws, water rights, mineral rights, and road access. We can
help you navigate these details!
How long does it take to buy a house or piece of land?
On average, 30-45 days once you’re under contract. However, land purchases may take longer,
especially if surveys or special financing are needed.
What are closing costs, and how much should I budget for them?
Closing costs cover fees like title insurance, lender fees, and property taxes. They usually range
from 2-5% of the home’s price.
Can I buy a home with bad credit?
Yes, but it may be more challenging. Some lenders offer loans for buyers with lower credit
scores, but you might need a higher down payment or co-signer.
What is an earnest money deposit, and do I get it back?
It’s a good-faith deposit (typically 1-2% of the purchase price) to show you’re serious. If the deal
goes through, it’s applied toward your down payment. If you back out for a reason covered in
the contract, you may get it back.
Do I need a home inspection?
Absolutely! A home inspection helps uncover hidden issues before you commit. It’s a small price
to pay for peace of mind.
Why should I use a real estate agent instead of buying on my own?
A real estate agent helps negotiate the best deal, handles paperwork, and protects your
interests. Plus, as a buyer, you typically don’t pay commission—the seller does!
