Frequently asked questions

A homebuying strategy team. We work on the structure of a home purchase: where your money goes, which costs can move, how the acquisition is put together, and what you are holding when it is done. You choose the home on the open market with your own agent. We build the path to owning it, using private funding.

None of the three. Metrecx does not take loan applications, does not make loan offers, and does not represent buyers or sellers in a real estate transaction. Nothing on this site is an offer of credit.

An evaluation first, and then, if there is an honest one, a structure. There is not a single Metrecx product. There are several ways to put a purchase together, they work differently, and the right one depends entirely on the situation. Anyone who names the answer before hearing your situation is guessing or selling.

That depends on the structure, and it is the most important question on this page. In a direct purchase or a traditional mortgage purchase, you receive title at closing. In a lease and option structure, title stays with the owner or investor until the option is exercised and the closing happens. Which one applies to you is written down in plain language and reviewed with you before you commit to anything. You should have an attorney, a tax adviser or a HUD approved housing counselor read those documents. If anyone ever answers this question vaguely, stop.

There is no published cutoff, because there is not a fixed one. Credit, income and available cash all matter, all flex, and are weighed together against the specific purchase. We work with past credit problems, self-employment, commission and tip income, higher debt-to-income, thin files, and bankruptcies or foreclosures that are behind you.

Sometimes the honest answer is that waiting a few months and doing one specific thing puts you in a much better position. We would rather tell you that.

Yes, and we want you to. Your agent represents you through closing. Metrecx is not licensed to represent you in a real estate transaction and does not try to. Keeping your agent involved is also a check on us, which is the point.

Beyond a credit report fee, the normal costs of buying a home still apply: earnest money, your funds to close, inspection, appraisal and insurance. Any fee specific to a structure is disclosed in writing before you commit, not discovered at closing.

Owner-occupied single-family homes on the open market, listed or for sale by owner. Mobile and manufactured homes generally do not work. Condos, townhomes, new construction, and bank-owned or relocation homes are considered case by case.

We do not publish a number, because a number published without your situation behind it is marketing rather than information. Pricing sits within the normal market and varies with the situation and the home. You will see the actual figures in writing before you commit to anything.

No, and nobody honest will. Savings and transaction benefits are specific to one transaction. A rate buydown requires a lender's pricing and a written approval. No particular saving, rate, approval or closing outcome should be promised to you before your transaction has been reviewed, and if someone does promise you one, that is a reason to slow down rather than a reason to sign.

Then it may well be a strong option, and you should expect to be told so. The point of a review is to compare the whole transaction, including cash to close, the rate, mortgage insurance, acquisition costs, the equity you start with and the long term cost of the financing, rather than assuming one path is automatically best. Buyers who already qualify are often the ones with the most to gain from looking, because more of their own money is moving.

• First conversationSame week, usually within a day or two
• Evaluation of the transactionAbout 5 business days
• Structure written out and reviewed with youA few days after that
• Home search, with your own agentEntirely up to you and the market
• ClosingTypically the fastest part, because the funding is already arranged

Program start to keys is usually about 45 days, and most of that is finding the right home, not closing on it. Once your offer is accepted there's no loan underwriting, no lender appraisal requirement, and no financing contingency to clear, so closing comes down to title work and inspection.

Yes. All the customary inspections apply, and every home is independently appraised with a copy of the appraisal provided to you. Any structure that discouraged an inspection would be a structure worth walking away from.

Each of those has its own explanation, because each of you has to act on a different part of this. Start on the education hub.

Request an evaluation and tell us the situation. Not a scored form, a conversation.