Buying a home in the competitive Northern Virginia housing market can be a challenging endeavor, especially for first-time buyers or those new to the area. To make the process easier, it's important to work with an experienced real estate agent and get pre-approved for a mortgage. A good agent and knowledgeable mortgage broker can help you find the right property for your budget and that is a smart investment. Before you start looking for a home, here are some tips to help you understand what to expect.
First, you'll need to provide a qualified lender with your initial financial documents. After that, you'll receive a prequalification. This will give you an idea of how much you can afford and what type of loan you qualify for. The mortgage brokers at Fairfax Mortgage Investments have extensive experience lending home loans to buyers in the Northern Virginia market.
They offer attractive first-time buyer programs and other lending programs that may be beneficial to you. Be sure to check with Fairfax Mortgage Investments's Northern Virginia mortgage brokers for more information. Another option is Accept, Inc., which offers cash offers at no additional cost. With their cash offerings, there are no valuation or funding contingencies, and they typically exceed an average of 9 offers in multiple-offer situations.
Watch the video to learn more about how their cash offer works.Navigating the Northern Virginia housing market can be overwhelming, but with the right resources and guidance, you can find the perfect home for your budget. Working with an experienced real estate agent and knowledgeable mortgage broker is key to finding the best financing options available.