In today’s tough market conditions, getting buyers under contract can be tough. From the first-time homebuyer to the buyers looking to relocate to Florida from other areas of the County to buyers looking for investment property …. Sarah is your agent. Sarah will walk you through every step of the process, from getting prequalified with a lender, looking at houses, putting in an offer, getting under contract, setting up inspections and closing on a house and every step in between …. Sarah has a remarkable team of professionals to help assist you every step of the way.
Sarah works with a team of mortgage professionals who can qualify a buyer within 24 hours. Sarah’s team of professionals has closed properties that were financed within 18 days and cash transactions in a week. With many buyers not able to make the trip to Florida for every showing, Sarah does zoom showings which help show buyers every detail of a property so they can feel confident in making informed decisions on purchasing a property.
Sarah has a special place in her heart for Veterans because her husband David is a Veteran of the USMC and her brother-in-law is an active duty member of the US Coast Guard. Sarah has worked diligently to assist multiple Veterans to get homes when many other agents gave up on them.
General Guidelines for Buyers:
Conventional Financing:
- Minimum Percent Down: 3% Down
- Credit Score: 620 or higher
- Maximum Sellers Concessions: 3% less than 10% down / 6% between 10% and 25% down / 9% over 25% down
- PMI with less than 20% Down
FHA Financing:
- Minimum Percent Down: 3.5% Down
- Credit Score: 620 or higher is strongly recommended for pricing. Other Possible options with pricing adjustments.
- 620-580 or higher with 3.5% down
- 500 or higher with 10% down or more (Not guarantee
- Maximum Sellers Concessions: 6%
- FHA funding fee
VA financing:
- Minimum Percent Down: 0% Down
- Credit Score: 620 or higher for standard pricing
We’ll go down to 550 on VA but again same as applies to this lower credit score bucket, pricing will be higher and will need some good compensating factors, it’s not a guaranteed approval just because you have a 550 or higher, it’s just possible. - Maximum Sellers Concessions: 4% is the posted concession guidelines but you can get over (I’ve got up to 6% before)
- VA funding fee
USDA Financing:
- Minimum Percent Down: 0% Down
- Credit Score: 620 or higher
- USDA: 6% on all scenarios
- Income limits and location limits vary. Link to see if a property is USDA eligible: https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do
Down Payment Assistance Programs:
- Hometown Heros. https://www.hometownheroes.com/
- Could get 5% or 25k toward closing costs
- First Time Home Buyer Program with a local Credit Union
- $3k towards closing costs
- No PMI
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