I need to find a home to rent or buy, I would rather buy but I don't have the money for a down payment. I am a single mother of two children, I work
I work full time and go to school full time, but without child support (consistently), I cannot save for a down payment. Please help!
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Please reach out to me and I can give you my lenders number. You may be able to qualify for no money down.
If you have not done so yet, you need to speak with a lender who offers down payment assistance programs. Of course there are qualifications of income and credit, but the assistance is grant money and provided you live in the home the required number of years, the money does not have to be paid back. You should look into it. Doing all you do on you own (full-time mom, full-time employee, and full-time student) you may never be able to save enough. Contact me for the name and number of a lender.
How's your credit? There are some great programs out there for those with 600 or above credit scores. You can contact Home Loans Assist online, is you need to to work on it. The government has a down payment assistance program where they give up to a 7500 loan that's interest free for closing costs and down payments. This loan you pay back when you sell the house. RD loans, MSHDA and other that a loan office will help you with, are very low down payments. In one case, my clients came to the closing table with no money! It's possible with some clever loan management and persistence.
Hi Shannon, Check with a loan officer in your area to find out if they have any loan programs that would make it possible for you to own a home. Keep in mind home ownership does require time and capital for repairs and maintenance. A Realtor can help you find rentals also check local papers, craigslist etc. I hope this was helpful and hope the best for you! Thanks!
Hi Shannon, There are a number of DPA's (down payment assistance programs) NSP offers 15K for select properties in Phoenix, Pathways to purchase offers 10% of purchase price towards down payment or closing cost in numerous AZ cities, Home in 5 is also an option feel free to contact me. No obligation or upfront fee just solid information. Cappy
Do you have a FICO score of 620 or better? If so, I am sure we could get you qualified for a mortgage loan and use down payment assistance. I did a HOME PLUS loan with one of my clients in May, and they were 1st time buyers, and they actually received money back at closing. Contact me for more info.
Depending on where you are looking to purchase, there are some lending great opportunities to buy. In Northern Arizona we have a USDA program. The State of Arizona will give you the down payment money AND you don't have to pay it back! If you would like more information please feel free to email me. I would he happy to help you.
Hello, there are many down payment options that may be available to you. We can see what you qualify for and go from there. Renting is a viable option as well. I would be happy to work with you to find the best solution.
I am both a lender and a realtor and would be glad to sit down with you to help you qualify for a home. Doing both allows me to be very aggressive representing my clients. The USDA loan is a 100% loan program if you like to purchase out in Tonopah or Casa Grande. If you want to life in the area of Peoria there are home programs available but they are income caps and Fico score minimums. If that doesn't make sense to you we need to get together and i'll make sure you get an understanding of where you stand.
answer by Gladys L
You will need to talk to a lender to find out what you will need to do to qualify for a loan. Good Luck! When you are ready to buy feel free to contact me so I may of assistance to you.
Hello there! I think it is wonderful you are thinking of buying vs renting a home. Check the USDA site and call a local lender. The USDA offers no money down loans for certain properties. A local lender or Realtor can help assist you with these no money down programs. They are income and area based loans. Good luck!
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