The Problem with "First Time Home Buyer Programs"

By
Real Estate Broker/Owner with 1st Prime Realty CA BRE LIC 01456248

The Problem with "First Time Home Buyer Programs", I don't know.  The Title seem it would get your attention.  Now that I have your attention I would like to speak to the 1st Time Home Buyers.  Buying a Home takes careful Planning.  Before you start searching for a Home do the Following:

 *Write down a Wish-List of what you must have in a Home( #of Bedrooms, Bath, Single Family Residence, Condo, Location,  etc.)

 *Get a Credit  Report( Lenders would like to see a Mid FICO of 640)
 *Save  your Down Payment.  How much to save?  This Depends on the Loan Program you want, you should save between 3.5% - 20% of the Purchase Price.  Remember to save a little Extra for Closing Costs.

 *If your Leasing, be sure not to break your Lease.

 *Now its time to Hire a Real Estate Agent.

 

For All your Real Estate needs, 1st Prime Realty can help. 619-581-4255, CA BRE LIC 01456248

www.1stprimerealty.com

Posted by

Don Alexander REALTOR/Broker

1st Prime Realty

619-581-4255

D.R.E Lic.#01456248

Comments (2)

William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I have found that many programs are expensive for the buyers

Sep 19, 2015 01:46 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Don Alexander good tips for the first time home buyers - being ready to be a home owner, these things are very important.

Sep 19, 2015 04:12 PM