Now that you have chosen the right REALTOR, it is time to shop for the right mortgage. Start with places where you have been pre-approved or your traditional bank where your checking and savings accounts are held.
Make sure that you and the lending company have investigated all options, whether that includes an FHA first-time homebuyer’s credit or shorter-term loan with lower interest rates. Remember, not all loan companies’ standards are the same, so if rejection comes from one company, another may approve you. Your REALTOR can also provide you with professional guidance.
The Federal Fair Housing Act prohibits discrimination in housing sales or loans on the basis of race, religion, color, national origin, sex, familial status (having children under the age of 18), or handicap.