Your Eufaula Tri-County Real Estate agent will discuss your plan to purchase property. Have you pre-qualified with a lender or will you need help finding a lender? Your Realtor can give you contact information to several bankers that they have done business with before. The lender will use information such as your credit score, how much you can put down, your income, whether this is a first or second home, whether you need to sell your current home first, etc. to determine what kind of loan would fit your circumstance best.
There are several different types of loans. The type of loan you qualify for could determine the home you buy. For example, government loans such as bonds, FHA, or VA have more stringent requirements for the home than a conventional loan.
Conventional loans will differentiate based on percentage down and satisfactory credit.
In our rural area we have a variety of home types to choose from such as cabins, modular, mobile, new construction, or renovated. Knowing what you qualify for before starting your search will allow you to find the property that fits your needs.