The initial overhead of buying a house can include down payments, closing costs, assessment fees, and other miscellaneous fees that could occur. Better understanding these expenses will better prepare you to buy a house and to obtain a home mortgage loan.
A good way to shop around is to contact a mortgage broker in your state. Mortgage brokers are middle-men that have a networks of lenders and banks to compete over mortgages. One pro to using a mortgage broker is the flexibility.
-100% financing w/ 580 credit in some cases
-Financing for credit scores as low as 500
-Recent bankruptcy or foreclosure
-A low fixed rate possible
-FHA streamline and VA IRRLs available