Looking for pre-approval for new hom

Profile picture for johnjpark2002
I'm a physician looking to purchase a new construction home in a newly planned gated community.  The home price is $650,000.  I would be able to pay upwards of the 20% downpayment, but would like to know if there are other options to decrease the initial downpayment required.  I am looking for loan companies / banks that would be able to help me with a pre-approval.  My annual income is $335,000 and my FICA score is around 740.

A fellow colleague told me that he used Zillow to "shop" around for mortgage lenders and was able to find one through this website.

My email is:  johnjpark2002@yahoo.com

Thank you,
John
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August 28 2011 - Buena Park
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Answers (2)

Profile picture for BobPhillipsRE
Hello Dr. Park, 

I just sent you an email with a recommendation.

Good luck in getting your new home.
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August 28 2011
Profile picture for LaPalmaHomeFinder411
Good Morning Dr.Park, good to hear fellow colleagues recommend Zillow.  And, yes, there are programs which will allow you to place as little as 3% downpayment.  However, in your scenario, we suggest 10% down with no mortgage insurance, this is the sweetspot for great loan with less than 20% down.   Remember, if you have any questions, [Hotlink removed by Zillow moderator. Please see our Good Neighbor Policy for more information.]
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August 28 2011
 

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