Filling out the loan

Friday Allen sent me home with the loan application. I was scared to death of this thing. It was very lengthy, mostly because it is an FHA loan, lots of paperwork. We also qualify for state of florida bond money towards buying our house, in the form of a lower interest rate. This bond rate can save us a half or up to a point on the standard going rate. Thats upwards of a hundred dollars difference per month than if we were to get a conventional everyday loan rate at 6.5 or higher. Right now the bond rate is at 5.6. That would be an awesome rate to have right now, but you dont lock in that rate until 60 days before closing. Who knows how the market will be a year from now at closing. Im setting my budget for worst case 8 percent so I dont get a bad surprise. Anything better than that kicks ass. If your looking around at houses make sure you call some of the lenders in your area or whoever and ask about these bond rates. We didnt qualify for the first bond we were told about which was a downpayment bond because we made too much money per year, but when I heard about this one we found out we were fine as long as I dont get a raise before closing on the house. So Isa and I went to a lender here in town (Homelife Financial, who is owned by Renar Homes by the way) and our loan officer assigned to us helped us right through the process. We got along great, he used to work at Circuit City also in NJ, got to know him a bit while we talked. Anyway I can see after being there today, there isnt going to be a black and white experience with the loan officer/lender. We all have different financial situations so only you know what baggage you are going to walk into their office with. Be realistic. If you have a lot of credit cards and are barely making it by now, how are you going to afford a house payment? Pay them off, ok, now thats a different story. We have some debt we are going to pay off between now and then, so we are in even better shape when it comes time for that first months mortgage payment. I think thats all I have for now, I wanted to spill what I knew from today before I forgot it all lol.