Real Estate Corner ...

Q. Does it still take a lot of money to purchase a home in today’s environment?

A. Despite what some media pundits are exclaiming, NO. It is actually possible to purchase a home with NO and very little down payments. And, there are some not so new financing options that actually allow for reduced closing costs. So, not only can some people purchase a home with no or a very low down payment, they can also receive low closing cost options making it even easier to purchase a home to live in today. 

Some in the media also say that buyers need 700+ credit scores and that too is not accurate. There are home purchase programs that allow for credit scores in the 600’s, what we would call medium credit or credit with some nicks and bruises.

The key is working with the right Realtor and lender, professionals that know and understand the market and what options truly exist so the home buyer can be properly educated. With the right education, potential home buyers can make the right decision for themselves.

If you or someone you know would like more information on our NO and Low Down Payment Loan Programs and our somewhat new… Low Closing Cost loans… call us at 717-431-9299.