Best Mortgage Company for a first time home owner with fair credit. ?

Paul – making a decision on lenders is tough – there’s so many that seem to have enticing offers. What is most important to realize is that you need to be working with a large national lender right now. With the recent credit crunch and all the changes in the market, lots of companies are showing they do not have what it takes to stick around. If buying a home is important, make sure you’re working with a company that has shown their stability and resilience.

You’ll also want to get an approval going before you start house hunting. A good lender will ask you a lot questions about your income, assets, credit and the types of properties you are interested in. Make sure you tell them what kind of payment you’re comfortable with and they should be able to put together a couple options and get you the seal of approval you need to start shopping for your dream home!

For first time home buyers with fair credit, you might want to look at FHA programs. The guidelines with regards to income and credit are a bit more flexible than traditional programs. They also only require a 3% down payment.

I included a couple links to help get you started. You can contact me directly if you have any more questions!!