From $275K Frustration to $285K Success: A Homebuyer’s Journey

A client initially came to me with an FHA pre-approval for $275,000, frustrated by the limited options in that price range. After reviewing their financial situation, I identified an opportunity to increase their buying power. By switching to a conventional loan, I was able to pre-approve them for up to $315,000 with 20% down, which included the potential for an appraisal waiver to make their offer more competitive.

We met to discuss the details, and I discovered they qualified for an income-specific program that provided a $2,500 closing cost credit. This credit was then applied to lower their interest rate by 0.5%.

Two days later, the client found a $285,000 home they loved, made an offer, and it was accepted—appraisal waiver included. This second look not only gave them more options but also secured better terms, making the entire homebuying process smoother and more successful.