I would like to share a couple Mortgage tips that might help assist people when they are going to purchase a New Home. 

Most people think they need 20% down to get a home or even more. There are programs out there that you can have as little as 0 % down. FHA requires 3.5% down and you can also get Gifted Funds from a Family member to help first time home buyers. VA and USDA Loans can be done for 0 Down. Closing Cost assistance can be used in all of these programs. Click here to help find you Dream Home https://www.mbbeachfrontproperties.com/dream-home-finder

If you’re about to get married (or recently did), many loan types allow gifted funds as a down payment. It’s becoming more and more common to ask for “house money” than actual wedding gifts!

Home buyer assistance programs exist to help first-time buyers navigate the home buying world. These programs are available at both local and national levels. I’m always available to help answer questions about grants and other programs to give your clients all their options.

Get closing costs covered by the seller if possible. In most situations you can negotiate for your clients to get most or all of their closing costs covered. That saves them the expense out of pocket, which can be helpful, especially for first-time homebuyers.

To help your clients get ready to buy their first home, make sure they:

  1. Check and manage their credit
  2. Review their budget to determine how much they can afford and speak with a mortgage banker
  3. Save for closing costs and other unexpected expenses as future homeowners