At times, the journey can be a bit bewildering. Which way should you turn? And to whom should you go for advice?
Please understand that as complex as the paths can sometimes be, we navigate them daily. Our experience is to your benefit, and it’s just part of what comprises our knowledge and resource base.
We are here for you. We will help assure a safe and timely arrival at your final destination—home.
Are you wondering how much you need to save for your new home? It may not be as much as you think.
The VA and the USDA both offer a zero down loan program for individuals and/or properties that meet their criteria.Sometimes, loans require little or no cash out of pocket. Some HUD properties are available with as little as $100 down.
Some Fannie Mae Community and HomePath® programs allow just 3% down. You may even be able to fund your down payment through gifts, grants, employers, government agencies, unsecured loans from family or even with loans against CDs or retirement accounts.
The FHA loan program allows as little as 3.5% down, and it is more lenient than most other programs on minimum credit scores.
Fannie Mae / Freddie Mac conventional loans are available with down payments as low as 5%. The minimum changes based on property type, credit score, occupancy, etc.
Are you surprised at how low you may be able to go? While many believe a 20% down payment is required, you can see now that it’s far from the only option.
Whether you’ve saved a little or a lot, reach out today, and we’ll work on finding a loan that works for you.
Are you getting ready to buy a home? Here are four keys to being prepared to make your first offer.
1. Know what you can afford and how much cash you will need. Knowing what you qualify for before looking at any homes will save you the disappointment that can come from falling in love with a home that’s out of reach. We’ll be happy to “pre-qualify” you now so you’ll know what will work later.
2. Know where you want to be. Learn about the neighborhood before you make an offer to buy. Sample the commute. Talk to would be neighbors. See the schools, shops and services before you start negotiating.
3. Choose your property type. Consider your range of choices: single family, multi-family, townhome, condo, co-op, new construction, etc. Know the pros and cons of each. Decide which is best for you, and define your search accordingly.
4. Obtain a valid pre-approval before you make an offer. This entails document verification, a credit check and automated or actual underwriting. If all is in order, you will receive the equivalent of a loan commitment that’s subject to a contract, appraisal and title work. Your pre-approval gives you and the seller confidence in your ability to close the deal once you find your perfect home.
You will probably buy a home only a few times in your life, but we’re laser focused on the process every day. We know how important proper preparation can be to making the process easy and rewarding. Now, so do you.
Reach out and we’ll start you down the road to being a well-informed, confident and happy home buyer today.
Now throughout the entire state of Florida with offices in Cape coral, Fort Myers, Naples, Sarasota, Port Charlotte, Lehigh Acres