Getting a Mortgage and Financing Your First Lehigh Valley Home!

The first step to purchasing your Lehigh Valley home is to get Pre-Approved by a Mortgage Company or Lending Institute. If an offer is placed on a house, the seller wants to know that you have the ability to get a mortgage.

Lehigh Valley Mortgage Pre-Approval A Pre-Approval is a document issued by the lending institute that states they have reviewed your finances and are willing (based on conditions) to lend you the money for your new home. This document is typically submitted with a Lehigh Valley PA Agreement of Sale to the home seller as proof you can obtain the necessary financing. Lehigh Valley Mortgage GFE (Good Faith Estimate) The GFE provides a complete breakdown of the needed finances throughout the complete transaction. How much money will you need (inspections, insurance, closing costs)? What will your monthly payment be (PMI plus escrow)? Are you paying points? Once you have the Pre-Approval and GFE you are considered a "Lehigh Valley Home Buyer With Purchasing Power"! Now, when you view your dream house, you have the ability to work with Your Lehigh Valley Buyer's Agent to fill out the Agreement of Sale contract to make an offer on the house. Special Financing Programs for Lehigh Valley First Time Home Buyers As a Lehigh Valley First Time Home Buyer, you may qualify for special financial assistance to help purchase your first house. The U.S.D.A. has a program which will lend you a 100% mortgage for the home if it is in a specific rural area and you meet the income guidelines. USDA Rural Housing Mortgages Contact The Joe Finnerty Team for information about reputable local Mortgage Companies in the Lehigh Valley!

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