Louie Wickett Can Help With Buying An FHA Home And Other Homes


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Urbandale, December 17, 2021 (GLOBE NEWSWIRE) – Louie Wickett – Mortgage Lender, with offices in Urbandale, Des Moines, Iowa, is pleased to announce that he can help those interested in becoming a first-time homeowner. Buying a home for the first time can be confusing and intimidating as it is a big buying decision involving a large amount of money. Usually, the buyer does not have enough money for the purchase, which means that a source of finance must be found. Buying a home is such a big investment that even the government has agencies that can help. For example, there is the Federal Housing Administration (FHA) which provides insurance for home financing offered by lenders approved by the FHA. It is through these real estate finance products that home buyers can secure financing for their new home with as little as 3.5% down payment, making them popular with first-time home buyers.

Finding a suitable source of real estate financing and obtaining approval can be a long and complicated process, which is where Louie Wickett comes in. He is ready to provide answers to the many questions that people have when looking to purchase a property. home, especially first time buyers. There are many types of real estate finance products, such as those that offer a fixed interest rate and others with variable or adjustable interest rates. There are also a number of requirements for those who wish to apply for real estate financing, such as a minimum credit score and more. Louie Wickett – Mortgage Lender can also provide answers to questions about them.

An important question that home buyers usually ask themselves is how much home they can afford. This is why the Louie Wickett – Mortgage Lender website offers a free mortgage calculator, which allows the user to determine how much home they can afford by adjusting the purchase price or down payment to see how. monthly payments will be affected. This will provide homebuyers with approximate values ​​of the purchase price and down payment that can deliver the monthly payments they are comfortable with. They will then start looking for homes for sale that neighborhoods in Urbandale Iowa can offer that are within that price range.

Meanwhile, Louie Wickett advises homebuyers that there are other factors to consider when determining their monthly budget. Monthly payments aren’t just what they need to think about. They should also consider other factors, such as taxes, home insurance, and home finance insurance. Another important factor is the amount of down payment they can afford. And home finance insurance should also be considered because it can increase monthly payments. The amount of insurance required depends on the amount of the deposit. This is because a down payment of less than 20% will likely require home finance insurance, unless the buyer is able to qualify for a VA home finance program.

Another important factor to consider is the debt to income ratio of the buyer. Having a debt-to-income ratio within a certain range is probably one of the requirements for getting approval for a particular mortgage finance program, including the one offered by the FHA. Thus, it is also important to know whether the monthly payments contemplated by the buyer will not push the debt-to-income ratio beyond the approved range.

Another important question is whether the home buyer can qualify for FHA or VA real estate financing. It is also possible to take advantage of a down payment assistance program to afford a larger down payment that can reduce monthly payments.

Louie Wickett – Mortgage Lender has been in the business for over seven years and takes great pride in providing his clients with the education they need on the home buying or refinancing process. He is keen on developing strong relationships with his clients, allowing them to feel like family throughout the process.

Those interested in learning more about the services provided by Louie Wickett – Mortgage Lender can visit their website or contact them by phone or email.

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For more information on Louie Wickett – Mortgage Lender, contact the company here:

Louie Wickett – Mortgage Lender
Louie wickett
(515) 238-9949
[email protected]
2370 Northwest 128th Street
Urbandale, IA 50323


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