In this time when we have poor cash flow economically those with good to great credit are missing out on amazing opportunities to buy a home because they don't have enough cash for a down payment, closing costs or both.
There are loan programs out there that still exist for these Buyers. You may need to consider moving into an area a little further out from town but it is doable and if this is the only way to get your foot in the door to home ownership then wouldn't it make sense to just do it?
Paying someone else's mortgage is no fun especially when you look back in five to ten years and realize that you could have bought your own home, it now has appreciated in value and you have equity.
HomePath programs offer a 3.5% Buyer's Credit to be used towards closing costs, there is no appraisal required.
Contracts can still be written up by your Realtor asking for assistance from the Seller; however, there are limits to what you can ask for based on your loan program.
USDA home loans will also finance up to 100% and these homes need to be in designated areas that are acceptable. If you find a home you are interested ask your Realtor to check to see if it qualifies.
Buyer's with good to great credit can buy with little to no cash... it is a possibility. Mike and I are here to make it happen for you.
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