1. What credit score do I need to buy my first home?

Conventional loans typically require a score of 620 or higher, while FHA loans accept scores as low as 580 with a 3.5% down payment. VA and USDA loans are more flexible, often around 580-620. I can help you assess your score—schedule a call today!

2. How much down payment do I need as a first-time buyer?

You can qualify with as little as 3.5% down with an FHA loan, or 0% down with VA or USDA loans if eligible. Conventional loans often require 3-20%. Texas also offers down payment assistance programs—let’s find the best option for you.

3. Are there special programs for first-time buyers in the Permian Basin?

Yes! FHA loans, USDA loans for rural areas, and Texas down payment assistance programs can help. I specialize in guiding first-time buyers in Odessa, TX, through these programs—contact me to see what you qualify for!

4. How long does the mortgage process take for a first-time buyer?

Typically 30-45 days, but it can take longer during oil booms in the Permian Basin due to high demand. My 3-step process—apply online, get personalized options, and close with confidence—keeps things smooth. Let’s get started!

5. What if I don’t have perfect credit?

FHA loans accept scores as low as 580, and I can explore options like credit improvement plans. Every situation is unique—schedule a call, and I’ll find a solution tailored to you.

6. How do I know if I’m ready to buy a home?

Take our Homebuyer Readiness Quiz to assess your financial readiness! Key factors include your credit score, savings for a down payment, and stable income. I’ll help you determine the next steps.

7. What costs should I expect beyond the down payment?

You’ll need to budget for closing costs (2-5% of the loan amount), property taxes, homeowners insurance, and possibly PMI if your down payment is less than 20%. Use our calculators to estimate your total costs!