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1. How do I choose a Lender? What type of loan is right for me?

Different lenders offer different programs and rates. Some programs may work better for you than others, dependent on your credit rating, down payment, income and other factors. Speaking to different lenders and comparing rates and programs can help you find the lender and loan that are right for you; just be sure to not have your credit score pulled repeatedly, as that can negatively impact your credit score. For additional information on choosing the best mortgage for you, check out the Consumer Financial Protection Bureau’s loan toolkit (PDF).

2. Does it really matter if I stay local or use a lender from out of the area?

APCHA encourages Buyers to work with a local lender, as many lenders outside the RF Valley do not work with deed-restricted housing or with APCHA’s program in particular. APCHA offers a list of local lenders (PDF) who have done loans on APCHA properties and who understand APCHA’s program.