If you’re a first time buyer and in a position where you can purchase a place of your own, you have stumbled on one of the best times ever to buy! You’ll be able to take advantage of super low interest rate (the lowest in 37 yrs in fact!), and low prices at the same time. If that were not enough, you can also get a $8000 tax credit when you close by Nov 30 of this year. We have more information posted here. Several area towns also have grant programs that match money you come up with toward your down payment (up to $10,000 even!). Check them out here.
Despite what you see on the news, you can get a mortgage if you have decent credit and a miminal down payment (you could even borrow your down payment and pay the generous person right back when you get your tax credit!). The first step is getting pre-approved which is a painless process you can do over the phone. We can refer you to a great lender. That will tell you what you can afford and the amount of the monthly payments. Then you’ll be ready to start looking! Don’t miss your chance. Years from now you don’t want to be one of the many people who will say they wish they had bought a home in 2008 or 2009!
You don’t necessarily have to be a ‘first time’ buyer either. You also qualify for the $8,000 tax credit if you have not owned a home in 3 years!
Contact us for our First Time Buyer’s Guide that walks you through all the steps of your home purchase.