Lenders aren’t telling you everything—here’s how to get the best mortgage deal in Texas!
Buying a home means dealing with banks, credit scores, and a mountain of paperwork. But did you know that just one small misstep could cost you thousands over the life of your loan? Here’s what you need to know:
1️⃣ Your Credit Score is King 👑
📊 FHA Loans – Minimum 580 score (or 500 with 10% down) 📊 Conventional Loans – Minimum 620 score required 📊 VA & USDA Loans – No strict minimum, but 620+ is preferred
💡 Pro Tip: Boost your score by paying down debts and avoiding new credit inquiries before applying!
2️⃣ Down Payment Myths & Options
💰 FHA Loans – Only 3.5% down required 💰 VA Loans – 0% down for eligible veterans 💰 Conventional Loans – 3% down for first-time buyers
3️⃣ How to Lock in the Lowest Interest Rate
🔍 Compare multiple lenders. 🔍 Improve your credit score before applying. 🔍 Consider buying discount points to lower your rate.💵 Find out how to get the best mortgage deal! Contact Bibie at realtorbibie@gmail.com or 773-971-8685.
