First Time Home Buyer help
CLOSING COSTS - These are the costs associated with buying a home when you get a mortgage
Home owner insurance policy along with 3 months of future payments.
Property taxes along with 3 months of future payments
Lender title insurance policy
Lender Origination fees
Recording of the mortgage
Recording of the Deed
Credit report service fee
Appraisal fee (lender may require you to pay in advance)
Settlement fee to title company
There may also be mortgage insurance
Closing costs - These are the costs associated with purchasing a home for cash
Recording of the Deed
Settlement fee to title company (can be argued)
Once you have your money lined up and know how much you may spend, it is time to
start house hunting. Why did you secure the money first because everyone is looking
for the best house in the greatest neighborhood at a price that draws multiple buyers.
Do yourself a favor and keep your search criteria a little loose. Remember you are
buying not renting. Statistically you will live in your new home for at least 5 years.
That is plenty of time to rip out pink shag carpet or paint a lime room over. Those are
just cosmetic things. When you find a sound structure in a great location, with the right
size yard and number of needed bedrooms and baths at your price point .... go for it..
Start Your Home Search Here . You may create your own search or use pre-set
searches where you are able to sign up for instant updates and NEW Listings based
on your choices.
5th Generation Floridian, Member of the Realtors Association of Lake and Sumter Counties, aka RALSC, the Mid
Florida Regional MLS, the National Association of Realtors and for the last ten years I have been employed as an
agent for Charles Rutenberg Realty one of the largest and highest producing Real Estate firms in all of Central
Florida. If you are looking to Buy or Sell - Call me 352-408-3868
MUST-SEE-HOMES Free search of homes and land for sale including both New homes and more experienced homes plus condo,
townhouse, villas Along with mobile home and manufactured homes on their own land The
search area is Lake, Orange, Marion, Sumter and Volusia counties and more specifically the cities of Astatula, Eustis, Fruitland Park,
Grand Island, Howey in the Hills, Lady Lake, Leesburg, Mount Dora, Mt Plymouth, Ocklawaha, Okahumpka, Sorrento, Summerfield,
Tangerine, Tavares, The Villages, Umatilla, Weirsdale and Wildwood. You are NOT required to sign up to search and find your perfect
place. If you do sign up you will receive automatic updates as soon as a new listing comes up that matches your search criteria. It is a
great way to NOT miss out on the home you want
|Agent Charles Rutenberg Realty
|As a First Time Home Buyer you may find the buying process overwhelming and odd.
If you walked into Starbuck's and they asked you to show your money before ordering, you'd
probably be offended. Yet it is the first thing you need to do when preparing to buy a home.
If you are a CASH BUYER you will need a POF Proof of Funds letter from your Bank.
You may also want to consider buying Auction property.
Where do you find a lender and do all bankers offer what you want and need?
If you have good to excellent credit with plenty of down payment money most any bank or credit
union may assist you. It is still advisable to receive multiple quotes and compare interest rates and
all those garbage fees such as underwriter and origination costs.
If your credit isn't the greatest or you often receive texts from
your bank letting you know your account has reached a zero
balance ... don't despair
There are counties here in Florida that will GIFT you up to $40,000 to aide you in your
Yes, it is true. These programs usually require you to take a Home Ownership class and
(this is the important part) some require you to use specific approved lenders.
If NEW is what you want and nothing else will do please use the banner ad upper
right. There you will find the Builder's Update with new communities popping up all
around central Florida. You are able to adjust search by price, area, number of
It is important to note that ANY home you purchase including brand new or those where the
Seller is providing you with a One year Home Warranty should be INSPECTED by a
PROFESSIONAL that works for YOU
Find Home Inspectors
Does that "NEW" home need some improvements or updates? Be sure to check out the Home Improvements page. You will find it HERE