Megan Scott

I’ll be hosting an open house this Saturday!! 12pm-2pm!! Come check out this lovely spacious home!!

12608 Pricklybranch Dr Fort Worth, Texas

Hey yall!
Happy Wednesday! Here’s some more helpful homebuying information!

Is there a difference between an inspection and an appraisal?

Yes! There is! They both require inspecting, but for different reasons & purposes.

🏡💰An appraisal is required for the lender to determine the home’s value. A lender will only loan you what the house is worth, not what you are offering. This can be done visually but mainly by comparing the features of the home to other similar homes sold in that area. Features such as square footage, bed/bath count, etc.

Appraisal waivers have become very common here in Texas since it is currently a seller’s market.

🏚🛠 Inspection are optional for the borrower. The main purpose is to find out any functional issues with the home so this can be taken into account when making an offer on a home. The inspector will look at the functionality of the roofing, foundation, HVAC, etc.

Still have questions regarding inspections and appraisals? Feel free to reach out for a 30 min buyers consultation.

Happy Monday Yall!!
Here’s some more helpful information that will help you in your homebuying process!! Your mortgage alone will not be your only home expense. You will have property taxes, utilities, possibly a homeowners association fee (HOA), private mortgage insurance (applies to FHA ONLY), a home warranty (if you choose to purchase), and home repairs to factor in. These are all things to consider prior to buying a home.
Let me help you with this process!!
Contact me for a 30 min buyer’s consultation!!
Megan Scott
708-299-4370
[email protected]

Hey yall!
Here are some homebuying tips that are specifically tailored to the current seller’s market we are experiencing! Feel free to reach out to me to assist in your homebuying process!

Hey y’all! Happy Monday!
Starting off the week again with some helpful homebuying tips!
If you’re considering buying, you should ask yourself these 6 subjective, but critical, questions:

1. Why is now the right time to purchase a home?
2. Where do I want to be in life 3 years from today?
3. What do my friends, family, and those who know me best think about me buying a home?
4. Can I articulate my wants vs. needs?
5. Do I have a pattern of making emotional decisions? Could this possibly be one?
6. Do I trust the people I’ve hired to help me in this process?

Have you done the “heart” work of knowing now is the right time?
Are you ready to buy your first home?
DM me and let’s set up a buyer’s consultation!

Hey y’all!
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1 bedrooms start at $1520
2 bedrooms start at $1740
Current promotion- $1000 off 1 months rent for select units and $0 deposit program for those who qualify
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Hey y’all! Happy monday!
Starting off the week again with some helpful real estate info!
Did you know you DO NOT need 20% down to purchase a home? It always seems surprising to people when I tell them the average down payment isn’t 20%. It’s actually not even close. There are definitely benefits to having a larger down payment, but not having that shouldn’t deter you from starting your home buying process! Fee free to contact me regarding any real estate related questions or concerns!

Hey y’all! Happy Monday!
Starting off the week with some informative real estate information!
Listed below are 4 common types of home loans.

FHA loans – Backed by the FHA, these types of home loans assist borrowers who don’t have a large down payment saved up or don’t have pristine credit. Borrowers need a minimum FICO score of 580 to get the FHA maximum of 96.5% financing with a 3.5 percent down payment; however, a score of 500 is accepted if you put at least 10% down. FHA loans require two mortgage insurance premiums: one is paid upfront, and the other is paid annually for the life of the loan if you put less than 10% down, which can increase the overall cost of your mortgage. Lastly, with an FHA loan, the home seller is allowed to contribute to closing costs.

USDA loans – USDA loans help moderate- to low-income borrowers buy homes in rural areas. You must purchase a home in a USDA-eligible area & meet certain income limits to qualify. Some USDA loans don’t require a down payment for eligible borrowers w/ low incomes. There are extra fees, though, including an upfront fee of 1% of the loan amount (which can typically be financed with the loan) and an annual fee.

VA loans – VA loans provide flexible, low-interest mortgages for members of the U.S. military (active duty and veterans) and their families. VA loans DON’T require a down payment or mortgage insurance, and closing costs are generally capped and may be paid by the seller. A funding fee is charged on VA loans as a percentage of the loan amount to help offset the program’s cost to taxpayers. This fee, as well as other closing costs, can be rolled into most VA loans or paid upfront at closing. Many lenders offer the lowest rates possible on VA loans, and some are willing to accept lower credit scores.

Conventional loans-
These mortgages are the most common. That said, conventional loans do have stricter regulations on your credit score and your debt-to-income (DTI) ratio.
You can buy a home w/ as little as 3% down on a conventional mortgage. You’ll also need a minimum credit score of at least 620 to qualify. You can skip buying private mortgage insurance if you have a down payment of at least 20%.
However, a down payment of less than 20% means you’ll need to pay for PMI.
Conventional loans are a good choice for most borrowers who want to take advantage of lower interest rates w/ a larger down payment.

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Current promotion- up to 4 weeks free on select units
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Dm me for details!