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Tim Bradford (Atlas Mortgage): Loan Officer in Rocky River, Cuyahoga County, Ohio

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Toledo, OHIO First Time Buyers Mortgages

 

Buying a home for the first time home buyer in Toledo , Ohio can be overwhelming for a home buyer because few home buyers know where or how to begin the search to buy a home. The first home buying step should be to align yourself with professions who have experience working with a first-time home buyer and assist you thru the process. 

 

Tim Bradford recommends getting pre-qualified for before starting your search for a home in Toledo so you have a clear understanding of the amount you might be qualified to borrow, the required down payment you will need and any Tax Credits or Special financing options available to Toledo buyers.   Also, being Pre-Approved shows Realtors and Toledo  Ohio home Sellers that you are a Ready, Willing and Able Home Buyer.  The process of getting Pre-Approved includes an analysis of your income, assets, credit and present debts.  Obtaining a Pre-Approval is FREE, to start the process Contact Tim Bradford or start an online application and he will contact you. 

 

Find Additional information about
 
Toledo FHA LOANS              Toledo VA LOANS      Toledo OHFA Loans
  
Toledo USDA Rural Home Loans  

 

When purchasing a home, you will need to have funds to pay for certain items. The first of these being an

  • Ernest Money deposit to prove to the Toledo , Ohio seller that you serious about the purchase of the home.  These funds will be applied to your Down Payment or the Closing Costs on your loan.

  • Cost of Home Inspection to have a professional inspect the home and let you know any repairs that need to be done now or items that you may wish to take care of once you are the owner of the property.

  • Application Fee when you apply for the loan.  This amount normally covers the cost of an appraisal of the Toledo home as well as an updated credit report.

  • Down Payment - Some loans for Toledo homes do not require a down payment, however most loans today will ask for a minimum of 3.5% or more as a down payment.  This is one subject you should discuss with Tim.  You may be eligible for Gift or Grant funds . 

  • Closing Costs -  For homes in Toledo these can run a few thousand dollars.  As part of your contract you can get assistance from the seller of the home.  Closing costs also fall into four categories.  Check our www.GetGFE.com or www.GFEforDummies.com for more information about Good Faith Estimates as well as how to compare then when shopping for your  Toledo Mortgage.

    • The first and generally the larger cost is Title and Escrow Services and a lot of these charges are controlled by the Division of Insurance in Ohio.   Toledo buyers are encourage to shop the services that are shop able.   Discuss this with your Realtor.    

    • The second is Lender Charges, the amount paid by you will affect the rate of interest that you pay on your loan.   Your lender will have some fixed costs associated with the processing of your loan request and in some cases paid to third parties.  

    • Origination Fees are typically viewed as the income my company will receive as income when your loan is closed.  I typically encourage buyers to pay a 1.00% Origination fee because without paying it, the rate on your loan will likely be considerably higher.  Remember you can as for assistance from the seller of the Toledo in the payment of this charge. 

    • The last of the fees are Discount Points, Tim typically does not encourage the payment of Discount Points, however in some cases it is necessary when dealing with lower loan amounts, borrowers with prior credit blemishes or when a buyers wants a rate of interest lower than the current market rates.  Discuss this with Tim during your Pre-Approval. .

Buying, financing or refinancing a home can appear to be a daunting task, working with Tim Bradford and being Pre-Approved by him, will make the process of getting a mortgage on a  Toledo home much easier and save you money today as well as over the life of your mortgage.   


"Doing Good things for Good People"
Is our goal,  as you look back you will say it was an enjoyable experience to have worked with Tim Bradford
and the other experienced professionals at American Midwest Mortgage.
Let us assist you with your Toledo Ohio Mortgage Questions.  

Tim Bradford -- OHIO MB.803389/LO.007173 ---- NMLS CO.142066/LO.250013 Pending
 

Tim Bradford -- OHIO MB.803389/LO.007173 ---- NMLS CO.142066/LO.250013

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Also Serving These Cities in Cuyahoga County:
Beachwood, Bedford, Bedford Heights, Berea, Bratenahl, Brecksville, Broadview Heights, Brooklyn, Brooklyn Heights, Brook Park, Chagrin Falls, Cleveland Heights, East Cleveland, Euclid, Fairview Park, Garfield Heights, Gates Mills, Highland Heights, Highland Hills, Independence, Lakewood, Lyndhurst, Maple Heights, Mayfield, Mayfield Heights, Middleburg Heights, Moreland Hills, Newburgh Heights, North Olmsted, North Royalton, Olmsted Falls, Orange, Parma, Parma Heights, Pepper Pike, Richmond Heights, Rocky River, Seven Hills, Shaker Heights, Solon, South Euclid, Strongsville, University Heights, Valley View, Walton Hills, Warrensville Heights, Westlake
Toledo Ohio
Reverse Mortgages
Toledo Ohio
1st Time Buyers
Toledo Ohio
USDA Rural Home
Toledo Ohio
Veteran Loans
Toledo Ohio
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