first time homebuyers

OR

218 Martin St N, Pell City, AL 35125

T: 205.884.2665  F: 205.884.9030

info@coosavalleymortgage.com

Buying your first home is very exciting, but can also be overwhelming. Where do you start?

Here are a few facts you may like to know:

USDA offers 100% financing (no down payment)

FHA allows gift funds for the down payment

Seller may pay all closing costs and prepaids on most products

Rates vary based on credit score and other factors. Generally, higher the score, lower the rate.

Minimum credit score requirements vary by product.

USDA eligibility determined by property location and income.

 

These are just a few of the options you have. We are here to try to make the process as simple and smooth as possible. Call us today to set up an appointment to determine where you stand in the borrowing world and what steps you need to take to buy your first home. Be prepared to supply the following documents:

                Most recent pay stubs (30 days)

                Past 2 months bank statements (all accounts)

                Past 2 years tax returns and W2s

                Award letters (retirement, social security, etc)