Owning a home is a priority for 8 out of 10 Americans, according to a recent Harris Poll survey. However, only a fraction of those who want to buy a home will actually be able to accomplish that goal this year. That's because buying a home can be challenging. But don't let that discourage you! With the right approach, you can make your dream of homeownership a reality.
To help you get started, here are two crucial steps you need to take:
If this sounds familiar, don't worry. There are many options available to help you achieve your down payment goal. A local lender can walk you through your options, including FHA loans with down payments as low as 3.5% and VA and USDA loans with no down payment requirements for qualified applicants. Just make sure you factor in closing costs, which typically range from 2-5% of the home's purchase price.
In summary, if you want to make your dream of homeownership a reality, it's important to start preparing early. By saving for your down payment and improving your credit score, you can increase your chances of qualifying for a mortgage and achieving your homeownership goals. If you're ready to take the first step, let's connect and discuss how we can help you get there.