DOWN PAYMENT HELP FOR INCOME TO $113k? YES!!

By
Real Estate Agent with Realty Associates 0571658

There is no doubt the cost of buying a home is not cheap.  But if it's the right home, the benefits are enormous.  No more unplanned moving; no more asking to paint or add some other personal touch--it's your home and your world.   If the desire to own is there, ask if you qualify for any type of "Grant" (meaning Not-repayable), or "Loan" that later becomes a gift if certain requirements remain met (like a minimum ownership period, for example).

 

Many Buyer's do not realize there are new Programs constantly being introduced into specific marketplaces.  In fact, there is a local program in the Houston area that is generous with the Combined Income Allowed up to $113k.  Also, Buyer's do not need more than 3% of the Home Price as a Down Payment for a Non-Government (Conventional) loan at this time.  Since there are other Fees and Costs besides the Down Payment, many of the Assistance Programs allow leftover funds to be used towards those expenses also.  This means more money to keep in your own bank account, which will provide a little extra cushion and extra cash to furnish your new home----the way you want-- without asking a landlord's permission!  If you plan to stay in your area 5 years or more, a home of your own sure beats renting and may be more attainable than you know!  Email, Text or Call if I can be of service to assist. 

713.402.8571

Bonita Gillis, Realtor Member HAR, TAR, NAR

HoustonMoveswithBonita@comcast.net

Accredited Buyers Rep, Certified Negotiation Expert, Senior Real Estate Specialist, New Home Sales Certified

Comments (18)

Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

Welcome to ActiveRain! 

It is good to let first time home buyers know they may have options that will help them move from a tenant to an owner!

Feb 13, 2018 03:10 AM
Bonita Gillis
Realty Associates - Houston, TX
Buyer Advocate Incl. Down Payment Assistance Funds

Thanks! I am new to the community and appreciate the feedback, Kat.  

Feb 13, 2018 03:12 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is very good information to share with prospective home buyers.

Use your blog settings to create an automatic signature for your blog.

Feb 13, 2018 06:04 AM
Bonita Gillis
Realty Associates - Houston, TX
Buyer Advocate Incl. Down Payment Assistance Funds

Thanks Roy.  I will try to find that along with how to re-arrange my headshot so I am not out of balance, LoL.

Feb 13, 2018 06:14 AM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

This is news to broadcast ! Place this blog post on all of your Social Media accts..

Feb 13, 2018 06:53 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Bonita Gillis and Welcome to the Rain where we all learn from each other and help each other.

 

Feb 13, 2018 07:29 AM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Welcome to ActiveRain, Bonita.

   An informative post, that will help people get into their new home!

Feb 13, 2018 07:39 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Bonita, we do have some programs to help those first time buyers, and get into a home this year!   Great post, and Welcome to ActiveRain!  

Feb 13, 2018 07:47 AM
Liane Thomas, Top Listing Agent
Professional Realty Services® - Corona, CA
Bringing you Home!

I'm in CA and there is so much mis-information out there about these amazing benefits.
Great information to share.

Feb 13, 2018 08:57 AM
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

Bonita Gillis, Welcome to Active Rain and congrats on your first blog post. This is a great place to meet and interact with awesome professionals.

Feb 13, 2018 12:05 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Bonita Gillis welcome to ActiveRain and congratulations on successfully posting you first blog on this site.

Feb 13, 2018 04:57 PM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Hi Bonita,
Congratulations on your first blog post.  Welcome to ActiveRain.  This is a great place to show off your knowledge and to learn from other industry professionals.  I encourage you to keep blogging and establish yourself as a valuable local resource. 

Feb 13, 2018 07:00 PM
Bonita Gillis
Realty Associates - Houston, TX
Buyer Advocate Incl. Down Payment Assistance Funds

Thanks so much, Carol.  Am trying to put the word out to the buyer so they don't miss an opportunity.  In our upward-trending market, every little bit helps.

 

Feb 13, 2018 10:29 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Welcome to active rain. Good luck in achieving your goals on active rain 

Feb 14, 2018 05:18 AM
Bonita Gillis
Realty Associates - Houston, TX
Buyer Advocate Incl. Down Payment Assistance Funds

Thanks so much Gita.  I enrolled for the month for the "Public" (fee-based) post as well.  Have you done this?  Did you find it effective in generating direct inquiries/leads?  Feedback would be helpful.  Have a Great Day!

Feb 14, 2018 05:35 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Thanks for sharing this Bonita, I was going into talk to a lender for my daughter who is buying her first home.

Mar 24, 2018 11:25 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Welcome to Active Rain, looking forward to reading many more of your posts, let me know if there is anything that I can do to help as you get started here.
All the best of success to you.
Bob

Mar 24, 2018 11:25 PM
Anonymous
BONITA GILLIS

some programs are tailored to participating (trained/approved) lenders, only. I would google for grants, state down payment assistance, etc. in WI if that is where she is from. It helps to find lenders who specialize with the best programs....Good luck to her!

Mar 24, 2018 11:49 PM
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