Contrary to what you hear in the press, buying a home with little or no money down is possible.
Here"s how:
1. FHA offers fixed rate mortgages with a 3.5% down payment. This money CAN BE GIFTED!! And, if you want to "repay" the gift, the government is offering a $7500 tax credit for homes closed by 6/30/09.
2. The seller can pay up to 6% of the closing costs. Verify you "Good Faith Estimate" of closing costs with your FHA lender.
If you feel secure in your job, have a credit score of over 580 and need to better place to live, consider owning your own home or condominium. Take advantage of a market that favors you as a home buyer. Low rates, favorable financing and pricing and a great selection to choose from.
The information is provided through RE/MAX Innovations which is located in Boston, MA. Our other office, RE/MAX Country Properties, is located in Amherst, NH (www.nhrelocation.com).
To view communities in Massachusetts visit MA Real Estate and to search the Massachusetts MLS visit MA MLS. For Maine real estate information visit Maine Real Estate. If you are relocating to other NE states please visit CT Real Estate, VT Real Estate and RI Real Estate.
Visit NH real estate community websites at New Hampshire Real Estate for real estate information by town in New Hampshire. For MLS search, and real estate informaiton in other states visit http://www.virtualhomes.com
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