Looking to Buy a House in Jesup, Ga

When you're looking to buy a house in Jesup, Ga preparation is key.It doesn't matter if you are a first time home buyer or buying your second or third house, no one wants to find their dream home and learn they are unable to get to the closing table. What steps should you take to eliminate the stressors of buying a house in Jesup GA?

Let's face it, buying a house in Jesup GA is one of the biggest financial decisions that you can make. If you are feeling intimidated with this process, know that you are not alone. However, the more knowledge you have about this process, the more empowered you will feel. You will then be able to execute your plan.

Here are 5 tips that will help you buy a house in Jesup, Ga.

1. Get Pre-Approved

If you're anything like me, you love looking at nice houses that have luxury plank flooring, nice vaulted ceilings, and a kitchen and bath that will blow your mind. While it's incredible to look at these homes, we have to be pratical with what we can afford. Looking at a $500,000 house when you can only afford a $300,000 house isn't pratical. But the way to understand the price point you can afford is meeting with a lender. Your lender will be able to issue a pre-approval letter that states the loan amount you can receive and is based on information such as W-2s, bank statements, and your credit score.

2. Put Money Aside for A Down Payment

When you buy a house in Jesup, Ga, you will have other financial commitments. You may qualify for assistance programs, such as down payment assistance loan and grants. If you don't qualify for any assistance programs, I would advise you to save at least 20% for a down payment.

3. Examine Your Loan Options

There are many different loan products available. These include:

-Conventional: Most common and may be able to purchase a home for as little as 3% down.

-FHA Loan: Financial and credit scores are less strict. You may be able to qualify for a FHA loan with 3.5% down and a credit score as low as 580. Most first-time home buyers opt for this loan product.

-USDA Loan: Loans for people who are interested in buying a home in a qualified rural or surburban area. You may be able to qualify with 0% down.

VA Loan: Exclusively for Veterans and members of the armed forces and national guard and qualified spouses. You may be able to buy a home with 0% down.

4. Factor in Closing Costs:

Expect to pay 2%-5% of your loan amount in closing costs. The costs may include:

-Attorney fees

-Pest Inspection fees

-Appraisal fees

-Escrow fees

-Title insurance expenses

-Discount Points

5. Look at What You Want and Need in Your Home

Identify the type of home that fits your family 's needs. Think of the features that you want in your home based on your needs.