During the recession most people decided to rent instead of buy their own home. Now jobs are back, money is coming in, and the interest rates are at all record low. With most renters, their biggest hurdle is buying a home of their own. Most of them want to, but don’t know where to start. Some might be able to save for a down payment while others make just enough to get by. If you or anyone you know is facing a similar situation keep reading, WE MIGHT BE ABLE TO HELP.
What is I told you that you could buy a home with NO MONEY DOWN? What is I told you that you could also qualify for a home with only 3 1/2% down? What is I told you that there might be a great home out there that is so cheap that your couple of grand of savings could go farther then you ever imagined? I hope you answer is tell me all about it, because that is exactly what I am about to do.
I am going give you an up to date list of properties in Murphy, NC that qualify for USDA Loans, FHA loans, and conventional. I consider these some of the best and CHEAPEST in our market today. They make great first time homes, investment properties, or even a cheap second vacation home.
Now Yes you credit score has to be good, but don’t give up if your score isn’t perfect. You would be surprised about how flexible they are with a score. The best way to see if you qualify is to get it checked. The worst that could happen is that they will deny you, give you a list of things to do to increase it, and tell you to come back next year. It will also put a credit inquiry on your record, but this will eventually fall off.
Lets start with USDA loans. These are great loans for someone with good credit (620 or higher) and no money down. You must have a job moving out of state and not taking your job with you, you must provide them with a document from your new employer in which you will be working with after the move. Also… It has to be your main home. You can not get a USDA loan for a vacation rental, not without money down. The USDA requires that you be on a private well and you can’t more than $74,000 a year in the whole Household. Now these seem like a lot of rules and almost impossible to find, but through the help of “Big Frank” Schuler at Exit Realty MVP. I have a few properties that are up for grabs today!
These are just 3 of the many listings that qualify for a USDA loan. I myself got started as a first time hoe buyer through the USDA program. I can say personally that it was the best decision of my life. I hope that this information helped you today. Please Stay tuned for our next blog about FHA loans and a list of some houses for sale that will pass for that loan. In the mean time, if you have anymore questions or would like to get started with buying you home today, give us a call. “BIG FRANK” Schuler 828-837-0991.