I went a bought a house...now what [My experience thus far]

[Richard Jean]

First contribution, long time consumer of BP content. 

About me: 28 years old, first time home buyer and  Floridian Nurse who plays OSRS.

This project: I want to document and interact with the members of this amazing community during my home buying, closing and house hacking process. 

Progress: Approved for 140k loan at 4.25% [100% finance, no PMI, No origination fee, no down payment], found a house for 140k, inspection completed, currently looking up homeowner/flood insurance and turning in document to bank. Closing date set for May 23rd.

Now what- I will be sharing inspection report, pictures of the property and talking through renovation ideas in the next post 

[Richard Jean]

Originally posted by @Dion McNeeley:

Hi Richard,

At first glance all these numbers look good. Sounds like you have done the research and are making good decisions. I am curious how you got the loan without a down and no PMI etc, VA loan?

Good luck on this one and the ones to follow. 

 Haha do not be fooled because i have no idea what I am doing. I am heavily relying on the internet and hopefully feedback from the discussion taking place on this forum to guide me through this journey. 

As for the loan, check this out Loan information