Agent Spotlight

Mike Sullivan

Realtor, MBA, GRI

Lender Spotlight

Jamie Zeitz

So What Price of Home Should I be Searching for?

There are a number of factors that determine the price range of homes you'll want to preview - one of these factors is how much home you can afford --- What will the payments be?  The process of determining the price home you qualify for with a lender is referred to as 'Pre Qualification'.  A reputable lender can look at your income, debt ratios and let you know what amount of mortgage you qualify for.

They will also let you know what the monthly payments will be (including tax and interest).  From this information, you will be able to determine the monthly payment you are comfortable with, and what price home to be searching for.

Being pre-qualified also lets the seller know that you are able to purchase the home....that you are a serious purchaser.   This knowledge puts you in a preferred position with the seller.

As your agent, I will help you in this process. Items the lender will consider in pre-qualifying for a mortgage loan include:

  • Employment History
  • Credit History and Scores
  • Monthly Income and Expenses

With my knowledge of the mortgage market, I'll help you make an informed decision as to the type of loan you'll want. There are many different types of loans to consider - FHA, VA, USDA Conventional are the more common.  We'll find the best loan for your situation.

Give me a call so that we can start the process!  I work with several lenders in the Gainesville and Alachua area that are experienced lenders and can explain the process to you.