Money!
Through the 1st Time Home Buyer Program discussed here, and the Rural Housing Program!
And let us not forget the $7500 Housing Tax Credit given out by the government.
We are going to focus on the WA State 1st Time Home Buyer Program. The House Key program.
Currently there is a waiting list for these funds. So if this is something you want to pursue, you need to start taking action!
So, who is a 1st Time Home Buyer?
Anyone who hasn't owned a home in the last 3 years.
Who qualifies? The annual income maximum limit is $65,000 for 1-2 Person household;
and $75,000 limit for household of 3 or more.
Your credit rating must be relatively good. Your best bet is to talk to a qualified lender to know exactly where you stand.
The program sets a maximum price for a Whatcom County home at $300,000.
What do I do next?
To determine in what price range you can begin looking for homes, the first step is to talk to a qualified lender for this State Program. Here's a couple of them:
Alona Wrightson | Peoples Bank
360-676-5880 awrightson@peoplesbank-wa.com
Leena Kirschman | Neighborhood Mortgage
360-510-2593 leena@neighborhoodmortgage.net
Then attend the required class offered to 1st Time Home Buyers.
Contact a reputable, savvy, friendly, knowledgeable, REALTOR...hint...hint!
And finally...get information. Be prepared for the journey you are about to take!
;)
;)
Elaine,
Nice article! I have a daughter who's looking ot purchase in the next year or so and I'm encouraging her to make the move to the Washington side of the line - She currently lives in Moscow, ID.
This is the sort of info that we need to get to buyers. The money is there, prices have come back in line a bit but there is a fear factor buyers need to overcome.