the advantage Steps to Affording a New Home on a petite allocation
Like many, you may be involved if you can ever reach your long-term goal of home ownership. The quality to have a home is still a dream of many Americans and other abroad. But given the soaring cost of houses and with the average cost of a home being 0,500 in today's market, the reality of having a place of your own may seem elusive. Here's what you can do.
Steps to Affording a New Home on a petite allocation
Step 1 Forget a mortgage
Did you know that the federal government has a program called the Fha Home purchase Loan Program? The program enables you to be able to buy a home with on a 3.5% to 4% down payment and is easier than you think to get. In fact, the program has less paperwork than most mortgages. Go to Fha.com to get more facts about this revolutionary program that has benefited million of other first time homebuyers.
Step 2 think going rural
If you earn a low-income or are just getting by, there is a government program straight through the U.S. Department of Agriculture that helps you purchase land in rural or less densely populated areas in the United States. Although such a move may seem daunting, a turn in scenery can prove useful for you in the long run if your commute time is still reasonable. Or you may conclude to enjoy life in the slow lane. For more facts about this appealing program please visit http://www.rurdev.usda.gov
Step 3 Get a short sale
The foreclosure market is doing well and many existing homeowners cannot keep up with their monthly payments or are ready to abandon their homes altogether. So why pay full price for a home that you can get a 10% - 80% reduced price on. think short sales.
Step 4 comprise the cost of repairs in your loan
The U.S. Department of Housing and Urban improvement (Hud) has a program, called 203(k) that enables buyers who would like to purchase or refinance a home that requires ample repairs to comprise these costs into the loan. More facts and the application can be found at hud.gov/offices/hsg/sfh/203k/sfh203kc.cfm
Remember, help is ready to help you reach your goals.
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