A range of homes and financing needs
Buyers may be considering a single-family home, a condominium or an owner-occupied two- to four-unit property. Each property type can bring different appraisal, insurance, occupancy and program requirements.
First-time buyers and move-up buyers can review conventional, FHA, VA, MSHDA, jumbo and renovation options when appropriate. Eligibility, property approval and available terms must be confirmed for each individual scenario.
Planning beyond the purchase price
A useful payment review includes estimated property taxes, homeowners insurance, mortgage insurance when applicable, association dues and escrow. These costs may vary by property and can affect the complete monthly payment.
For qualifying outlying addresses, USDA eligibility may be worth checking. Eligibility depends on the exact property address, household circumstances and current program rules.
Buying before selling
Move-up buyers who own a home may need to compare selling first, coordinating both closings or exploring financing that accounts for current-home equity and obligations. Shelby can help organize the questions and documentation needed to compare those paths.