By Bohemia Agent Kim Pettiford
I know you thought about it; being a homeowner. The American Dream. Well what’s stopping you? Is it because you think you don't qualify? The idea of owning a home can produce hopeful deliberation and daunting thoughts but the truth is the dream can be attainable by almost anyone.
Now, the most important part of purchasing a home is securing a mortgage. Ideally you should have at least 20% of the purchase price saved for the down payment of a co-op or 10% on a condo. But if you haven’t lived off of ramen for 8 years to save up for the biggest investment of your life or have a rich uncle to gift you the funds, there are programs to assist you in purchasing a home nonetheless.
Jeff VanNote, a mortgage loan originator at Continental Home Loans, Inc is one of our preferred mortgage lenders and is excellent in finding the best loan according to your financial viability. Whether you fall short in your credit score, savings, or work history/income, Jeff is an expert in finding solutions through creative financing. He can let you know what programs may be available to you which allow low down payments at competitive rates and no prepayment penalties. FHA is the most common lending program available in the market place which allows for a 3.5% down payment! Yes, I said that right: three point five percent!
So you no longer have to dream anymore. Make it happen. Give us a call and let us help you own a home someday.