Are you interested in knowing how your neighbor (who’s been renting for years) was ever able to buy a home of their own? Oh, you know you are! Home buyers, even those with less than perfect credit, are still buying houses all over Metro Atlanta for owner occupancy with no (or very, very little) money down. Many of them are taking advantage of lower interest rates and affordable home prices by making use of a variety of loan programs offered through various local mortgage lenders that require reduced funds at settlement. And while the borrower’s credit must still be approved by one of those lenders, many of them are finding that the mortgage approval process is not as intimidating as widely believed.
Borrowers, buy a HUD-owned property with an FHA Mortgage for $100 down
You’ll be pleasantly surprised by the condition of many properties owned by HUD. Properties are available throughout Metro Atlanta priced as high as $346,000, so you’re sure to find your affordable and convenient dream home. Ask HUD to contribute up to three-percent toward your closing costs to make this transaction even more affordable. Read the HUD-owned Home flier for more information. Call or write today for a free list of attractive HUD-owned properties based on your search criteria.
Borrowers, buy a single-family property in a (not so) rural area with a USDA Mortgage
The perfect property may be just across the line from a Metro Atlanta County, but just inside an area that is eligible for USDA Mortgages. Buyers are not only buying their owner-occupied property with no money down, but are paying no margin insurance and are also getting the seller to contribute unlimited concessions, making this affordable option even more attractive. Call or write now to find out which lenders participate in this program.
Current and ex military employees, buy a single-family property with a VA Loan
Those currently and previously employed in the armed services with a certificate of eligibility may take advantage of a VA loan to purchase a single-family property of their choice for owner-occupancy priced up to $417,000. This 100% loan-to-value mortgage is offered with no margin insurance and the seller can contribute up to four-percent toward the borrower’s closing costs. Get pre-approved with a partner mortgage lender. Call or write today.
Medical doctors, buy a single-family property anywhere in Metro Atlanta
Licensed and credit-eligible medical doctors may qualify for 100% financing to buy an existing single-family property for owner occupancy priced up to $650,000 anywhere in Metro Atlanta. Sellers can contribute up to six percent, so call or write today for more important details and restrictions.
Some expenses will remain the responsibility of the buyer regardless of the program, so please plan accordingly. Still one of these programs or a down payment assistance program profiled at AtlantaDownPaymentAssistance.com may make homeownership a reality rather than a dream. If you are not working with an agent, call or write me today for a brief discussion on next steps.
Solomon Greene
REALTOR® / HUD-certified Affordable Housing Counselor - Keller Williams Realty Atlanta Partners
AtlantaDownPaymentAssistance.com
(678) 775-2677
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