One way to get a quick house is to get one of the newly built houses. These are usually more expensive than buying an older house, but they’re also much easier to get. They get new homes as soon as they’re complete and many new neighborhoods will have a handful that is ready now for immediate purchase. You can buy these homes without having to worry about a long wait time while it’s being built.
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You may also be able to get a quick house by renting one. Some housing companies offer temporary or short-term rentals which can be perfect for someone who’s looking for just a place to stay until they get on their feet financially or find something more permanent in the area that they want to live.
Find a house you like and make an offer. Ask them if they can get you a quick closing date, or tell them your situation and get the fastest closing date they can get for you. They will need to run it by the underwriter but don’t accept no for an answer. Make sure your loan amount is enough to cover inspection fees, appraisal fees and get a good cushion for contingencies like inspections, appraisals, or anything else that may delay closing on your house purchase. Include this money in your calculations too.
You will also need to get a quick house is to get pre-approved for a loan. This can be done by any number of financial institutions like Wells Fargo or Washington Mutual. A mortgage broker can get you through the process fairly quickly and painlessly if that’s what you want, but there are also other options.
You want the offer to be accepted as soon as possible so get pre-approved for financing before making your offer. You have to get pre-approved with FHA loans within 24 hours of applying if you are using conventional lenders it could take up to 72 hours. If you get turned down, get another lender to get pre-approved. Make sure you get the loan amount you need too because if they give you a lower offer than what it appraises for then you are risking getting stuck with their deal so make them include contingency funds just in case your appraisal comes back less than the agreed-upon price.
Make sure the property taxes are paid up to date and the mortgage is paid in regards to a home before applying for one. When one lives away from their parents, get a job and get the credit rating up. Though you may get your place, it isn’t wise to get a loan if you can not afford it on your own. If you get a loan from somewhere else or have a cosigner, make sure to look into some of the options out there that do not require monthly payments such as Rent assist and other federal programs where no monthly payment is required. The government has many options to help with down payments and such through FHA loans which are backed by HUD (Housing and Urban Development).
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