Before purchasing a home for the first time, it is crucial to get educated on the process of purchasing. The internet has made it so unbelievably easy and convenient to do so and knowing more about the process and what you can expect along the way is the first step.
Once you've done your research, finding a lender should be the next step. There are a number of loan programs available and many opportunities for first time buyers to purchase with little to no money down.
USDA (a government backed loan program) has a loan program where certain buyers can purchase with no money down. There are income restrictions for this program and if it's not a fit for you, there's always and FHA loan.
FHA loans require a minimum down payment of 3.5% of the purchase price and there are no income restrictions.
There are also conventional loans available for those with only 5% or 10% down or you can go the "traditional" route and put 20% down,
The right lender will guide you to the program that works best for you and your budget. The right lender will also let you know what needs to be done to make improvements to your credit score if it's not quite where it needs to be to make a purchase.
The right agent will walk with you through the process, educate you along the way, have reputable resources available to you and make the process as smooth as possible.
If you're ready to take that leap into home ownership, let us know. We love helping first time buyers, and will walk you through the process one step at a time. From start to finish, we will be there.