What should i look out for ....?

Talk to your husband's veteran organization first, they might have some programs or know about loan programs available in your area at lower then average cost.

Get your credit report and review for anything that you might need to fix there.

Talk to a local bank or a mortgage broker about a rate they might be able to get you, do mention that your husband is a veteran. You want to make sure that you do some comparisons. Also ask them about first time buyer programs they might have, those sometimes might offer a better rate.

I am personally not a fan of online sources like lending tree so i would suggest to stay with banks you can meet with in person.

Start by finding out what you can afford. As a veteran your husband may be eligible for a specialized loan.

Your first stop should be to the loan officer of a local bank or make an appointment with a known mortgage company in your area. Using your financial data and credit history, they will be able to tell you what your price range is - before you start to look. You should contact a local real estate company after you know what you can afford. (remember that a multi-family house is sometimes the best route for first-timers) Also consider a fixer if you and hubby are good at renovations. Good luck!

I just bought my first home last September. It is overwhelming who to go with, but whoever offers you the least interest is probably the best one to go. I would also suggest for the fixed rate. Those adjustable rates sometimes get out of hand. Most brokers will sell your loan to a bank anyway so sometimes it doesn't matter who you choose. Hope this helps and good luck.

What state are you in?

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