FHA favorite homebuyer alternative for buying a home in Bradenton or Sarasota
Do you think you must have the best credit to buy a home these days? While it’s true that loan guidelines have tightened up, you may still be able to buy a home with little or no money of your own! You may be asking yourself “How can I do this?” The answer for you is an FHA loan.
FHA loans are user friendly with regards to down payment and credit scores. Typically, most lenders can finance your mortgage loan with a credit score as low as 580, and in some cases even lower. Starting January 1, 2009, the down payment requirement will go to 3.5%, but the good news is you can have this amount given or gifted to you by one of your favorite relatives. Mom and Dad, Grandma and Grandpa or even your Aunt and Uncle can gift you money to buy a home. So, if you’ve been working real hard to payoff credit card debt or other debt and don’t have enough money, see if one of your relatives can gift you some cash.
There is also down payment assistance out there for first time buyers, or buyers that have not owned a home for the past three years. Combining the down payment assistance with an FHA loan, it’s possible you can buy your new home with little or no money out of your pocket! To determine your eligibility for this program and to take advantage of your FREE pre-approval to buy your new home, please call me anytime at 941-782-2077. (Loans are subject to credit and income verification and are subject to change.)
Pete Minarich
Certified Mortgage Planning Specialist
941-782-2077
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Date: Wednesday, December, 3rd 2008 @ 01:09:06 PMViews: 522
This blog entry currently has 2 comments posted.
Frank Harris
Curtina,
I can be reached on my direct line at 941-962-3177 to discuss this in further detail.
curtina Richardson
HEY! I AM VERY INTERESTED IN KNOWING MORE ABOUT THIS AD ON HOME OWNERSHIP.