3 Reasons Buying a House Is Easier Than You Think!

You can buy a house with 0% down with the right programs, grants, and lenders. Key bank, as part of their community service, offers this to first time home buyers. With other loans, you can put down as little as 3%. Of course, the more you can bring to the table at closing, the better your offer will look, and your rates will be lower, too. But we all know in this day and age it’s really, really hard to get 20% saved up with all the daily expenses and rent that we face here in Denver. The 20% is attainable, but not necessary to buy a house. 

 

You can get mortgage loans with any credit score. 620 gets you a pretty good rate, 720 gets you even better. It never hurts to work on your credit, so never stop doing that, but know that you don’t have to have the best credit ever. Average credit is accepted, even though it may not get you as good of a rate from lenders as that 720 or 800 would, it still doesn’t keep you from buying a home! In our office, we have people here that are willing to help, and we have amazing connections, so please don’t be afraid to reach out to us if you want to start the process!

 

You can and should shop around for the best fitting home buyer program. There are multiple options, ones that offer grants to the first-time home buyer that don’t require you to pay them back! Some programs have stipulations on the types of properties you’re able to purchase and how long you’ll have to live there, but with all the different options, this is another great road to go down. We have information about these programs too, so again, don’t be afraid to reach out. 

 

Buying a house has become an ‘unattainable’ dream for plenty of millennials and later generations, but that’s due to a lack of education about how to actually buy a house. It’s not as hard as you’d think, it’s all about getting in there, seeing what you qualify for, and biting the bullet to do it. Call us today for advice and guidance!