Ready to Find Your Perfect Home?

Most lenders recommend keeping your monthly housing payment (including mortgage, taxes, and insurance) to 28-30% of your gross monthly income. In Roanoke, the median home price is around $250,000-$300,000, making homeownership accessible for many buyers. I can help you understand your specific budget based on your financial situation.

While conventional loans typically require a 620+ credit score, FHA loans may accept scores as low as 580 with a 3.5% down payment. VA loans (for veterans) often have no minimum score requirement. I work with trusted local lenders who can help you understand your options regardless of your current credit situation.

Down payments can range from 0% (VA and USDA loans) to 3% (conventional) to 3.5% (FHA). The traditional 20% down payment is not required, though it can help you avoid private mortgage insurance (PMI). Virginia also offers down payment assistance programs for qualifying buyers.

Once you find a home and your offer is accepted, closing typically takes 30-45 days. However, the full process—from getting pre-approved to closing—usually takes 2-3 months. Being pre-approved before you start looking can significantly speed up the process.

Having a buyer's agent is highly recommended—we provide market expertise, negotiation skills, and guidance through the complex buying process. In most transactions, the seller pays both agent commissions, so buyer representation typically costs you nothing directly.

Closing costs typically range from 2-5% of the purchase price and include lender fees, title insurance, appraisal, inspections, and prepaid items like property taxes and insurance. On a $300,000 home, expect $6,000-$15,000 in closing costs. Some of these can be negotiated with the seller.