All Forum Posts by: Cole Durbano

I am moving to Dallas either the end of June or beginning of July due to a job offer upon graduating this spring.  I am a first time home buyer and have plenty of questions.  Most of my questions right now are questions relating to getting the home loan.  From what I have heard from some realtor's offices, the lowest down payment one can expect right now is about 3.5%.  There is also closing costs like commissions that I have been told to expect around 3%, so I need to prepare to have around 6.5% available.  We would be looking at houses $250k and below.  Some of my siblings that have purchased houses in Utah and Idaho have said that they didnt need to make that much of a down payment, and one of them was able to build their down payment into the loan itself.  Forgive me for being ignorant, but has anyone had experience with this?  I am just worried about having enough money to purchase the home as well as have enough to cover moving costs. Any help is much appreciated. 

@Reid Chauvin thank you, Reid. That definitely makes me feel better about the whole process. I had heard you need work history, but I wasn’t sure how they were going to work around me not starting till July with a pay increase.

@Alicia Marks thank you, Alicia! I wasn’t aware there was a recommendations page, so I will definitely check that out.

@Bruce Lynn thank you for the info, Bruce. I will be at Goldman Sachs in their asset management division.

@Noah Thacher thank you, Noah. That information helps a lot! I will definitely take a look at that website.

I am a senior in college and accepted a job that will require me to relocate to Dallas, TX in the summer of 2022. I would like to look at purchasing a house for my small family to start out in. I am a first-time home buyer and just wanted to get some advice. If I plan on moving to Dallas sometime late June/early July 2022, when should I start working with a lender to see what we could be approved for? How early should I reach out to a realtor about possible properties we are interested in?

Any info is greatly appreciated!

I am a senior in college and just accepted a job that will require me to relocate to Dallas, TX next summer. I would love to purchase my first property for my small family to start out in. Since I am not in Texas yet, how soon should I be contacting lenders in that area to see what I could be approved for? Or if I will be moving down in late June/early July, when should I start that process?

Thanks for any info!