How much of a down payment would we need for a house in Converse, TX?

Profile picture for circler
We're thinking of moving to Texas from CA and I wanted to see if we could pre-qualify for a loan there, but I've never done a home loan out of state.

I'd like to buy the house now and move in later (after school gets out here).  Would that be considered an investment property or owner occupied?

How do you get qualified for a no down/low down payment loan in TX if you're out of state?
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
August 21 2009 - Converse
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (2)

Profile picture for John_King
Mike is right. Simply contact a lender, or receive quotes from lenders here on Zillow.  Armed with a pre-approval letter first, let a local agent know what you're after.  They can help you questions about neighborhoods and other local info.

We moved out from CA in '04.  We love it here.  Affordable, family friendly, and jobs are ther if you're not afraid to look for one!

Good luck.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
May 16 2010
Profile picture for real estate mike
You can get loan quotes on this site. Quite sure it would not be considered investment loan since you have no intention of renting it. Down payment minimum you would need to ask your mortgage lender, fha is 3.5%. In smaller Texas cities(also Converse I think) there was a U.S.D.A. 100% loan may still be available product. best of luck
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
August 21 2009
 

Have a question? Ask it here.

What's this?
Close

By starting a discussion, you can expect more of an interactive, back-and-forth experience where the conversation can go in many different directions.

Or start a discussion

E-mail successfully sent!Submission failed!

Related Questions
Profile picture for John  King
QuestionHow much of a down payment would we need for a house in Converse, TX?
  • Latest answer by John King
  • May 16 2010
Be A Good Neighbor

Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy