Pre-Qualified

We thought that we would basically never ever ever ever ever be able to buy a house it seems like no matter how much we made or how much we saved it just never seemed like enough. We have been doing some searching and found a couple of different options to help us on that road. FHA loans are pretty awesome for first time home buyers, but even with that you still need 3% or 5% , well where are we going to get that kind of money? We found Riverside county has a Mortgage Assistance Program to help you with your down payment, you put yourself on this waiting list they get you your down payment, but in 30 or 45 years you would owe that money back in 1 lump sum... so we thought well that's cool if we were totally desperate to buy a house but wouldn't help us in the long run. We found through FHA they have these down payment grant programs as well. Basically, non-profit organizations gift you a certain % or amount to you to help with your down payment, some are seriously just gifts and other have more restricted contingencies. On some of these grant programs they literally give you money no strings attached. So we thought, Hey! Let's give it a try and see if this will work for us. We have to find a house and make an offer before they approve the amount you need for your grant. Pretty cool right? I thought if this works, we might actually be able to own a home someday :) It doesn't state anywhere on the information that you have to be low income so we are going to give it a shot and see what we can find.

We decided to go with South Pacific Financial Corp (whoo hoo) for our loan, basically, because I know the company I technically used to work for them about 5 years ago. We are going through the Riverside branch because they are so close to both of our work and they are extremely nice! Lo' and behold the real estate agent we are going through usually uses them for his clients, coincidence? I think not! We talked with Rich and he got our information, checked our credit and he said we were approved for $300,000 or higher if we wanted... Yeah we are NOT going that high for our first home because that would be CrAZy! and not to mention stupid :) So, we are looking at 200k or under because that is the kind of payment we would be comfortable with. So we pre-qualified for a loan.... Yeeeaaaahhhh! Now, we just need to get approved and then then our agent will start looking for homes. Just keep it in prayer, we are totally fine waiting if we need to because there seriously is no rush to be chained to a mortgage but it certainly would be nice :) Whatever happens, the Lord's will be done.