So after debating for the last 1 and a half year whether I should invest in a home or not, I finally pulled the trigger. It will be a great investment and I plan on paying it off within 5-10 years. I got the pre approval about a month ago for 275K FHA Loan for a new construction. I signed my contract with a local builder and just had the lot measured last thursday. I am really excited but super nervous at the same time :/
I am only 22 years old with decent income, all cards paid off besides one(Chase), and one car loan(2nd car paid off).
Total Loan Requested: $190,000
Deposited Given to Builder: $1,000
Estimated Earnest Money expected for closing in 100 working days: $11-12k(including down payment).
Note: Not a HOA home.
Will post pictures as it comes along.
*22 Years Old* Started my credit at age 19
Chase Sapphire Preferred Visa Signature- $9,200 II TFCU - $2,500 II Amex BCE - $2,400 II Paypal Extras Mastercard - $7,600 II American Eagle VISA - $3300 II Best Buy Visa - $3,000 II Chase Slate - $500
