Think you need 20% down to buy a home and is that why you’re renting? What if there was a way to get a 3.5% downpayment or even have someone else pay it? Did you know there are grants that can cover down payments for certain situations? That you can accept a gift to help with downpayment? In reality, moving into a new home could cost less than moving to a new apartment. And in St. Louis, Missouri that is certainly true.
Take for example this #STL #SouthCity #Bungalow, listed at $85,900, this 1300sqft home would be very affordable, with a mortgage around the same or less than rent. A typical scenario might be a $650-$750 payment, dependent on the terms of the loan and down payment.
More questions on the #homebuyer process? Call or text Lynne Hart at 314-252-0973 or for an overview and recommendations on how to buy your first home!