Home Buying March 12, 2022

You DON’T Need 20% Down to Buy a Home

You CAN get out of the rat race of paying rent and increasing rent at that!

Potential buyers seem to have a lot of misconceptions about what it takes to own a home. In reality, many people are more than ready to buy their first home!

What are some reasons that hold you back from owning verse renting?

Don’t talk yourself out of home ownership. Did you know, 37% of non-homeowners say not having enough saved for a down payment is holding them back from home ownership, but 62% of Americans incorrectly believe you have to have at least 20% of a home’s purchase price to buy?

The truth is, you don’t need 20% of a home’s price to buy it. Some lenders offer mortgages with as little as 3%  down.

Before you decide on a down payment target, you have to determine how much home you can afford and when you’d like to start home shopping.

If you would like to know more about buying a house for the first time, text me the word “Homebuyer” with your email and I will send you my free guide for first time homebuyers. It is filled with everything you need to know to buy your first home. From getting a loan to closing escrow, get informed and let’s get you on the path to becoming a new homeowner!