YOUR PERFECT PARTNERS in REAL ESTATE!! CONTACT SHELTON FLOYD or GLENNA NESBITT
These properties presented by Glenna Nesbitt and Shelton Floyd of Coldwell Banker J. Wesley Dowling & Associates CRS,ABR,CRRS
Life long residents of Shreveport with over 30 years of combined real estate experience. Since 2001 they have been the Top Listing and Sales Team in Shreveport. Other honors are Top Producers for Coldwell Banker, Circle Of Honor Team, Diamond Circle Team, President's Circle Elite, Most Referred Realtors, E-marketing Specialists and Previews Luxury Home Specialists Email: GlennaandShelton@NUMBER1EXPERT.com Phone: 318-869-5833
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Most first-time buyers can qualify for a mortgage loan, but they may need help from parents to make the down payment or closing costs on their home. There are loan programs that minimize the down payment and closing costs for first-time buyers. These programs usually require that 3 to 5 percent of the purchase price come from the buyers' funds, not from a loan or gift. Most lenders ask for the last three months' bank records. The borrower will be asked to reveal the origin of any large deposits. If the money comes from the homebuyer's parents, the lender may not consider those funds when qualifying the buyers.
Parents who are planning to help their children finance a home should transfer any funds several months before the house-hunting process begins. If it is a loan rather than a gift, a formal re-payment agreement should be drawn up between parents and children to eliminate potential misunderstandings or future complications with either estate.
Glenna Nesbitt and Shelton Floyd, Realtors Coldwell Banker J. Wesley Dowling & Associates 8805 Line Avenue Suite 100 Shreveport, Louisiana 71106 USA Licensed in the State of Louisiana Glenna Direct Line: 318-869-5833 Shelton Mobile: 318-422-1102 Main Office: 318-861-2461 perfectpartners@coldwellbanker.com
Glenna and Shelton are life long residents of Shreveport. Glenna and Shelton were awarded the International President’s Circle-Coldwell Banker, Diamond Society Team-Coldwell Banker, Circle of Excellence and Circle of Honor. They are Top Producers and Certified Luxury Home Specialists. Call or email today - The Number 1 Team for Coldwell Banker in Shreveport since 2002. Each office independently owned and operated.
- NUMBER1EXPERT 
