You would think that Houston Lofts would be the softest part of the Houston real estate market but, as they always say about real estate that location plays the biggest part of the equation.
Recently, we tried to secure financing on a condo/loft in the heart of the city and were told that the appraisal largely depended on the location.
I didn't think that lenders would be so particular about that component of the loan approval because I always looked at owner occupancy rates and reserves as a good indicator before everything else.
Thankfully, our loan was approved and we had no issues with the underwriters.
As a Houston first time home buyer, using the professional services of a Houston realtor gives you insights into whether or not the houston lofts will pass loan approval.
A Houston real estate agent will have knowledge that will help make the process fast and easy.
Until next time.
Good home hunting!
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