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	Investment Money Source Information on Financing For All Purposes Hard Money / Investment Loans / Conventional / FHA / VA This website is for informational purposes only and is not an offer to originate loans, if you are interested in applying for a Conventional, FHA or VA loan please visit our website at: Southwest Funding - Click Here!

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First Time Homebuyers

	How much home can you afford?
	Buying vs. Renting
	Home Economics

Need help with your downpayment and/or closing costs?

Homebuying programs in your state

A housing counselor can help you figure out how to manage and pay off your debt, and start saving for that downpayment!

Find a housing counselor near you

Step 2: Know your rights

	Fair Housing: Equal Opportunity for All - brochure
	Real Estate Settlement Procedures Act (RESPA)
	Borrower's rights
	Predatory lending

Step 3: Shop for a loan

Save money by doing your homework. Talk to several lenders, compare costs and interest rates, negotiate to get a better deal. Consider getting pre-approved for a loan.

	Looking for the best mortgage: shop, compare, negotiate - brochure
	Let FHA help you
	Why Ask for an FHA Loan?
	Learn about interest only loans

Step 4: Learn about homebuying programs

Homebuying programs in your state

FHA loan programs offer lower downpayments and are a good option for first-time homebuyers.

	Let FHA help you
	HUD's special homebuying programs
	Good Neighbor Next Door (formerly known as Teacher/Officer/Firefighter Next Door)
	Hurricane Evacuees discounted sales
	Homeownership for public housing residents
	Indian Home Loan Guarantee Program (Section 184)

Step 5: Shop for a home

If you choose a home in a neighborhood with a Home Owners Association (HOA), be sure to request a copy of the HOA packet, so you can review before closing.

	Choose a real estate agent
	Wish list - what features do you want?
	Home-shopping checklist – take this list with you when comparing homes
	Homes for sale (including HUD homes)
	Fixer-uppers - home purchase and repair programs
	Manufactured (mobile) homes
	Build a home

Step 6: Make an offer

Discuss the process with your real estate agent. If the seller counters your offer, you may need to negotiate until you both agree to the terms of the sale.

Making an offer

Step 7: Get a home inspection

Make your offer contingent on a home inspection. An inspection will tell you about the condition of the home, and can help you avoid buying a home that needs major repairs.

	For Your Protection Get a Home Inspection
	10 Questions to ask a home inspector

Step 8: Shop for homeowners insurance

Lenders require that you have homeowners insurance. Be sure to shop around.

	Homeowners Insurance
	12 ways to lower your homeowners insurance costs

Step 9: Sign papers

You're finally ready to go to "settlement" or "closing." Be sure to read everything before you sign!

Settlement Costs and Helpful Information

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NEED FINANCING? WE HAVE LENDERS WHO CAN HELP! See our LENDERS page for contact information. DO YOU NEED HELP WITH REHABBING YOUR PROPERTY? We will coordinate the rehab of your new investment with reliable CONTRACTORS who can help with your updates and renovations.

Investment Money Source - 16135 Preston Road Ste. 125 - Dallas, TX 75248 Office Phone: (972) 672-7800 Fax: (800) 359-2170 jcollins@swfdallas.com Home ::  Hard Money ::  Investment Loans ::  Conventional Loans ::  FHA / VA  :: First Time Homebuyers  email us:     jcollins@swfdallas.com telephone (972) 672-7800 © 2008 Investment Money Source. All Rights Reserved