Buy a Home with No Down Payment in Tulsa, OK! See all Your Financing Options at TTCU Federal Credit Union

Click here to learn more about your home financing options in Tulsa

TTCU Federal Credit Union, in Tulsa, has a selection of financing options available for home buyers. They offer two conventional type loans which allow for no money down. These options include:

  • 100% Financing – You can buy a home without a down payment. This 100% single loan requires a 720 credit score, with adequate credit history, plus closing costs.
  • 80/20 Combo Loan – This loan breaks up the costs, 80% is applied to a first mortgage and 20% is applied to a second mortgage. This loan requires a 680 credit score. and some established credit history, plus closing costs.

Keep in mind, down payments and closing costs are separate. The down payment is the amount being paid towards the home. With the financing options mentioned above, no down payment is needed; however, the buyer is responsible for closing costs. Closing costs include all the “extras”, such as taxes, insurance, escrow, and lender fees. When you purchase a home, you’re required to pay 1 year of insurance upfront. Also, money has to be put into a monthly escrow account so when insurance and taxes are due, the money is available.

There are options available to help with closing costs as well. Most programs will allow the seller to pay up to 3% of the sales price towards your closing costs and “pre-pay” items. Take the time to investigate all your options and see how they fit in with your budget. Often, when closing costs are quoted, they don’t include the escrow, so be sure to ask about all fees. Be vigilant when choosing a lender. There have been instances in which buyers received a pre-approval letter, yet they weren’t actually pre-approved! As a Realtor®, when Darryl Baskin sees a pre-approval letter from TTCU, he knows he can trust it.

If the financing options listed above don’t meet your needs, TTCU offers additional programs, such as VA, bridge, home equity, and home improvement loans. Also, TTCU Federal Credit Union will take 0.125 off your interest rate when you close with them; the loan must be a purchase transaction and close at Integrity Title and Closing. TTCU offers some of the lowest closing costs in Tulsa! Visit ttcu.com to fill out an application online, or get more information.

Taking the time to research financing options is part of the “18 Essential Steps” suggested by Baskin Realty Specialists. Buying a home can be a challenge, but when done correctly, it’s a smooth process.

For more information on interest rates, or to complete a loan application online, contact Dan Newbury at TTCU Federal credit Union or visit ttcu.com.

To schedule an appointment with Baskin RE Specialists, with no obligation, visit askinforbaskin.com.

Featured Properties

  • 7957 S 78th East Ave – 4BR, 3 baths, 2-car garage, outside entrance office, pergola. $225,000
  • 8954 W 51 St – 5 acres, 9042 SF welcoming, beautiful family home with classic colonial style entry. The 8-car garage offers room for a workshop or storage. $999,999
  • 6708 S Atlanta Pl – 5BR, 3 full baths, office w/separate entrance, new hardwood floor, 2 bedrooms downstairs and optional 2nd master upstairs with private staircase $296,000

 

18 Essential Steps for Homebuyers from Baskin Realty Specialists

To hear more on the 18 Essential Steps of Buying a Home in Tulsa, click here

Buying a home is a process with many steps involved. We at Baskin Real Estate Specialists, have broken down the home buying process into 18 essential steps. We take the time to sit down with you and walk you through each of those steps.

We understand that every homebuyer has different needs, and those needs vary on the stage of life you’re in. Our main goal isn’t to get a deal closed as quickly as possible; we’re in the business of building life-long relationships. We do that by keeping our clients best interests close at heart and finding the house that’s perfect for them.

If you’re thinking of buying or selling a home in the Tulsa, OK region, reach out to Baskin Real Estate Specialists for a complimentary meeting. There’s no obligation and no cost. We would love the opportunity to meet with you to tell you why we have been in business for so long and why we have great customer satisfaction ratings.

To schedule a complimentary appointment, contact The Baskin Real Estate Specialists of eXp Realty at 918-732-9732 or schedule an appointment online at askinforbaskin.com

A Perspective from a First Time Home Buyer in Tulsa

Click here to join “The Future of Real Estate” and hear Daniel’s experience buying his first home in the Tulsa area.

Daniel is a first time home buyer in Tulsa. He recently closed on his first home and has useful feedback for fellow first time home buyers.

Daniel was surprised by how calm he felt through the process. After hearing stories from friends, he had expected the process of buying his first home to be stressful. He attributes the smooth process to Darryl Baskin from Baskin Real Estate Specialists. Darryl made sure Daniel was well informed throughout the entire process. As a result, Daniel was never surprised and didn’t experience many issues.

Darryl attributes the ease of the process to Daniel taking the time to plan properly. Daniel’s financial planning and preparation prior to beginning his home search helped make the process smooth. Obtaining pre-approval ahead of time allows the home buyer to budget properly and know their price limit.

Daniel took the time to look at houses online to see how much houses in Tulsa are listed for. He also began to compare features to determine his “must have’s”. He began this process a year before setting out to seriously look at homes.

There were a few speed bumps along the way. Daniel lost the first property he made an offer on. Another home buyer made a cash offer first. As a result, the seller chose the cash offer. Multiple offers on a home aren’t uncommon. This is another reason why having pre-approval can be beneficial. When receiving multiple offers on a home, the seller may choose the buyer who has been pre-approved.

When buying your first home in Tulsa, take the time to research, plan, save, and get pre-approval on a home loan. It also helps to attend a first-time home buyer class. Baskin Realty Specialists and TTCU Federal Credit Union are currently planning a first-time home buyer class!

Visit TTCU Federal Credit Union to review their financing options. They offer four different 100% lending options. This means you don’t put any down, you only pay closing costs. TTCU Federal Credit Union offers some of the lowest closing costs in Tulsa. In addition, when you close with TTCU Federal Credit Union, you receive .125 off your interest rate when the loan is a purchase transaction and close with Integrity Title and Closing. Visit ttcu.com for additional details.

For more real estate questions, contact The Baskin Real Estate Specialists of eXp Realty at 918-732-9732 or darrylbaskin.com

 

 

Is it Too Late to Buy a House in Tulsa, OK, AND Move in by the Holidays?

Click here to learn why NOW is a great time to buy or sell a home!

The holidays are approaching…is there time to buy a house and move in by the holidays? Yes, it’s possible!

Over the past three years, when comparing the seasonal time of year to peak times such as spring/summer, the actual ratio of homes sold compared to homes listed remained within the same percent. This is because the sellers who are serious keep their listing on the market during the holidays and winter. In addition, the buyers who are venturing out during this time are serious, too. Everyone is ready to make a deal! This is the time to buy. This is also the time of year investors purchase properties.

Featured Properties

  • 6708 S Atlanta Pl. – 2 bedroom’s on 1st level, optional 2nd master upstairs with private staircase, 3.5 baths, circle drive, office with separate entrance, $296,000
  • 7201 W Edison Street – 55 acres, luxury home, 6 bedrooms, 3 sub-zero’s in commercial grade kitchen, 24 stall barn. Endless possibilities for this luxury property in Tulsa! $1,750,000
  • 6718 Atlanta Ave. – Short sale in beautiful Williamsburg neighborhood with updated kitchen and enclosed sun room off master. List price is $245,000…Make an offer!
  • 1 N Armstrong St. – Commercial property in Bixby! Former IceHouse 24-hr Fitness Center. Equipment has been sold. Clear span, concrete construction, 6 zones heating/air. $260,000

For a complete list of active listings, visit homeguidetulsa.com.

For more real estate questions, contact The Baskin Real Estate Specialists of eXp Realty at 918-732-9732 or darrylbaskin.com

Home Seller Tips in Tulsa: What Does it Mean to “Buy a Listing”

Click here to join in The Future of Real Estate to learn more about what it means to “Buy a Listing”

When listing your house for sale in Tulsa, take the time to interview your Real Estate Agent. Be careful not to fall into an agent’s trap of “buying your listing”. What does this mean?

As you prepare to put your home on the market, you’ll meet with agents to determine how much you should list your home. It’s tempting to choose the Realtor® who suggests the highest price. However, keep in mind that it’s their job to build a relationship with you, to work towards listing your home. One of the “traps” some agents use is to suggest a higher than expected asking price, essentially “buying your listing”.

However, your home isn’t sold until you have a buyer and closing is complete. If your home is overpriced and not receiving offers, it may stay on the market for a long time. Home buyers may then wonder if something is wrong with your house.

Don’t be tricked into thinking the best deal is the highest price. The best deal is getting to the closing table in a timely manner OR as soon as possible. Take the time to interview your Realtor® and hire based on qualifications. Download my FREE home seller report “20 Questions You Must Ask Your Next Realtor® Before You Sign on the Dotted Line for a complete list of questions to ask your real estate agent before listing your home for sale.

 

Featured Properties

6718 S Atlanta Ave., Tulsa – 4 Bedroom home in beautiful Williamsburg neighborhood. Updated kitchen with Stainless Steel appliances. Short Sale subject to lender approval. Listed at $245,000

7201 W Edison Street – 55 acres luxury home with 6 bedrooms, 5 full baths, and an amazing kitchen with 3 Sub-Zeros. Property includes a 24 stall barn with living quarters. Listed at $1,750,000

6122 S Garnett Rd – Commercial property. One vacant space in the front. Back half is vacant. Located in a commercial location at the high traffic intersection of 61st and Garnett. Listed at $990,000

For a complete list of active listings, visit homeguidetulsa.com

For real estate questions, contact The Baskin Real Estate Specialists of eXp Realty at 918-732-9732 or darrylbaskin.com

When Is the Best Time to Lock in an Interest Rate in Tulsa?

During the radio show this week, a home buyer asked a great question. “I’m buying a second home and expect to close in December. Should I lock in an interest rate soon, or wait?”

 

Interest rates are constantly going up and down. If you lock in now, rates may go down afterwards. On the other hand, if wait too long, you have to accept what you get. When is the best time to lock in an interest rate? Why is it important?

The interest rate affects how much you’re paying for the money which you’re borrowing. Therefore, a lower rate means a lower payment. However, there are a lot of things happening in our world which affect market cycles, creating uncertainty.

It’s important you work with a lending professional who can analyze the bond market and explain what’s happening. For example, if we look at this year, bonds have been up and down considerably, with a low point in mid-September. During this time, the country was experiencing hurricanes and threats from North Korea, causing investors to wonder where the safest place to invest money was. They decided to invest in bonds, driving the cost of bonds down. As a result, at that moment, you could’ve gotten the lowest interest rate available this year. Looking at it now, 30 days later, we have returned to the average rate of 2017. If interest rates look high right now, it’s because they were recently low.

One year ago, you would’ve paid 1 point lower, but rates are trending up. The best advice is to talk with your lender and review all options. Consider what’s most important to you. The difference in interest rates between now and December is anticipated to be an eighth of a percent. Is it more important to you to save in interest, or to feel secure as a property owner?

For more information on interest rate, or to complete a loan application online, contact Dan Newbury at TTCU Federal credit Union or visit ttcu.com

For real estate questions, contact The Baskin Real Estate Specialists of eXp Realty at 918-732-9732 or darrylbaskin.com

 

Photo Reference: 401kcalculator.org