If you follow my blog, you will find out…My wife and I have decided that this is the year to buy our own house. We love the neighborhood that we live in, but we’ve been renting and rather than continuing to pay for our landlord’s retirement, we’re ready to invest in our own. Like many home buyers today, we are going to need help from our family. We’ve worked hard over the past couple of years to pay down as much debt as possible (except for student loans…yup, I feel your pain) and now we’re ready.
I’ve also decided to share my journey with you so that – if you’re teetering on the fence of buying a home – you can learn from my mistakes and experiences. Like I advise many of my own clients, I will be talking to a number of different lenders. I will also be looking at a number of different scenarios: conventional, FHA, 203k fha rehab (there’s a particular property that I have in mind for this one).
It’s daunting and exciting. I don’t know if we can afford to buy the type of home we want but we’re gonna give it the old college try.
I will be talking to two lenders this week: Toni Hicks with Travis Credit Union & Dave Anderson over at Homestreet bank. Ironically, Toni use to work for David but chose to jump ship. They are two of my favorite people and I’m looking forward to seeing how they can help me. One of my reasons for working with Homestreet is because they are one of the few lenders that can do a 203k rehab loan.
I decided to reach to Toni because I’ve always wanted to work with her and I bank at Travis CU. They have some first time home buyer programs that I want to explore, as does the City of American Canyon. My wife is a teacher at Bethel so we’ll be looking into some programs through the California Teachers Association
It should be an interesting ride and I look forward to having you along on my journey.