Where to get a loan to buy a house?

I have seen you ask a lot of questions about buying a house, and I think you should look into a First Time Home Buyer Class. They usually offer them at a local collage, especially Community Collages. I had to take one to get my loan because I did a USDA Rural Development Direct loan, but after taking I would HIGHLY recommend EVERYONE take one before buying a house. It will answer all your questions and then some, or at least it did for me! For me I had the choice of an 8hr class on Saturday or two 4hr classes in the evening on week days. The class was like $20 here at the local Community Collage.

As for the actual loan - banks, credit unions or the USDA Rural Development (if you live in a rural area).

As for the interest - it depends on the specifics of the loan. Some are variable interest rates, some are fixed. I would try to stay away from any variable because you don’t want your payments going up. Other thing to look for are Balloon payments. That’s where you pay it likes its a 30yr loan, but after say 15years the remaining balance (balloon) is due.

But please look into the First Time Home Buyer Class!!! It will save you some much aggravation! I learned so much in those 8hrs!

i asked the college i go to and they said they don’t have that class. thanks anyways:)

Check around and see if anyone else offers it. It really is worth the time and money. After taking it and buying a house I would be will to pay 4 to 5 times the amount for the class. It easily save me that much in just $$$, plus the aggravation it saved me being able to ask the right questions and understand whats going on.

i wish, u have no idea..thats why i been desperate for answers here. in this town no one offers it plus i asked a real estate agent about the class and gave me a weird facial expression and my parents can’t help me..personal..anyways thanks i appreciate all ur help

Could you please tell me the name of that class? My wife n I are weeks away from being able to apply for a home loan.

It was just called a “First Time Home Buyer Class”. I had to take it because I did the USDA Rural Development Direct Loan. The local community collage offered it. Try talking to USDA and see if they can point you in the right direction. Or here part of the program was done by CAP (Community Action Partnership).