Ignorant about home buying process

**gallicbear** · 06-25-2010, 05:31 PM

Let's say you see a listing and you are interested in buying. Let's assume also that you want to finance it with a special federal program. How can you make an offer? Do you need bank approval first? Isn't the approval specific to a place? Also, does financing through a federal program(FHA or Rural Development) slow down or restrict the process of making offers?

**markbrian** · 06-26-2010, 08:32 AM

Some helpful government websites HUD Fannie Mae FHFA

All these websites have great info for free without requiring registration to learn more about the home buying process, mortgages, and real estate.

Good luck and best wishes!

**Greg** · 06-26-2010, 11:54 AM

You write up an offer and make it contingent on getting the specific type of loan you want. Since you are asking this question here I am guessing you don't have an agent so your first step should be to get a buyers agent to help you through the process.