Another option is to work with a mortgage lender that hasa program that assists first time home buyers. Some lenders can even help you get increase credit scores so that a buyers interest rate is better than it would have been otherwise.
You did not mention how much you want to put down for a down payment or whether you have anything right now to contribute. Keep in mind that you will need funds for a home inspection, termite inspection, and any other things you want to check during the due diligence time after you make an offer on a home. There can also be closing costs.
l can help you find a program for down payment assistance if you think we could work together. I enjoy working with first time home buyers.
You may want to consider this option. I work with a Lender that provides one of the best home purchase program in America. They provide FREE personalized and comprehensive counseling to Members to address your particular credit and financial issues and help determine a mortgage payment that you can afford. The counseling and underwriting criteria are â€œcharacter-basedâ€ and not based on credit scores and ratios. This enables them to fulfill their mission of assisting working people like you who otherwise do not have access to affordable credit. Consequently, the vast majority of the Members are low- to moderate-income many of whom have neither perfect credit nor substantial savings.
While they provide everyone with mortgage options, they also provide one extraordinary mortgage product! The mortgage is unique in that everyone that qualifies receives the same incredible terms, which makes homeownership affordable, and you do not need perfect credit.
â€¢ No Down Payment,
â€¢ No Closing Costs (The Lender pays them and does not include them in the loan),
â€¢ No Lender Fees,
â€¢ No Pre-Payment Penalty,
â€¢ No Mortgage Insurance,
â€¢ No Perfect Credit,
â€¢ Fixed 30 year below market rate at 3.25% as of 7-11-12
If you would like more information about this program please contact me.
Have a GREAT day!
Vivien L Biggs PLC
Prudential Arizona Properties
Check MLS for homes on my website
The best way to start is to call a trusted local realtor. We are in the business and have great people in lending. The larger banks are limited with their programs and I know of some great programs that my lenders can offer. Would you like me to call you? You can text or call me at 480-620-2374 if you would like and I will follow up with you.