Congratulations!
This is a very exciting time if you’re thinking about buying your first home. Even though the process can be daunting, it has never been easier. Because of the recent market decline, your money will take you a lot further than it would have 3 years ago. To make matters even better, there are more loan, closing cost, and down payment assistance programs tailored specifically to first time homebuyers than ever before. By mixing together the right loan cocktail, it may be possible to get into your first home without any out-of-pocket expenses.
Your Loan Cocktail
How is it possible to buy your first home without any costs? It’s my job as a loan officer to mix you up the best loan-cocktail available and make sure your offer to purchase is tailored to your specific needs. As a first time buyer, here is what you may qualify for:
· 95 – 100% financing.
· Competitive interest rates.
· Seller paid closing costs.
· Special closing cost and down payment assistance loan programs .
· A special tax credit worth hundreds of dollars every month.
Down Payment and Closing Cost Assistance
There are hundreds of down payment and closing cost assistance programs available to help you afford your first purchase. Each program has very specific requirements and limited funding, so careful planning and perfect timing are essential. Depending on the city where you're buying, your income level, your family size, and the type of primary financing you receive, you may be eligible to receive up to 50% of the purchase price for your down payment and have all your closing costs taken care of.
Mortgage Credit Certificate
The Mortgage Credit Certificate is the most valuable product available to first-time-homebuyers. It is a special tax credit that can help you add hundreds of dollars to your monthly paycheck. The Mortgage Credit Certificate is essentially free money, and it is only available to you once.
Services Available
There are numerous services available to first-time-homebuyers through this website. I offer one hour Comprehensive Classes on both the Buying Process and the Lending Process. Also, if you would like a quick estimate of how much you can afford, I offer 5-minute Rapid Pre-Qualifications. Finally, if you think you are not quite ready to buy but want information on what you need to be doing to prepare for your first purchase, I offer individual Pre-Purchase Counseling. If you would like to take advantage of any of these services, please complete the information request form below.
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