For home buyers there are programs out there for you. You need to get with a lender and see which program is best for you.
Do you need help with a downpayment? The Home in Five Program could be for you. The gov't will help you with your downpayment but your interest rate is going to be higher. There is a class you will need to go to in order to be qualified for this program.
Do you have some money to put down? FHA will be the way to go. With 3.5% downpayment this saves you money. You will however have mortgage insurance added into your loan. To avoid mortgage insurance you will need 20% to put down.
Please remember when you talk to a lender you need 2 months of paystubs, w-9's. last year's tax returns, and your social security number. The lender will let you know if they need additional paperwork.
As always I'm here to help you with your real estate needs. Marci Greenberg Cox www.movinwithmarci.com 480-695-9683
No comments:
Post a Comment