The short answer is YES... Depending on where a new home is, there is the possibility it might fall under USDA guidelines for zero down payment if you fit in their income parameters. Plus the builders who have starter homes also have similar programs with their in-house lenders. They also offer incentives to be used as either closing costs or upgrades.
What area of town do you want to pursue? Let me know so I can do the research for you. That way I can find the right home to fit your needs!
Changing Real Estate Dreams Into Reality Since 1985
Better Homes & Gardens Real Estate
ePRO, CRS, Green Specialist
Do you know someone who is interested in buying or selling real estate in the San Antonio market? I would appreciate the referral. I represent clients with new home builders, land sales or purchases, bank foreclosures and individual owners. If you know someone who is relocating away from the San Antonio area, I can refer them to a qualified agent in their new area to help them get settled.
In today's market it isn't difficult to ask for 6% seller contribution to cover closing costs. Also If you are willing to be out of the city a bit you could find a home that was USDA eligible which USDA loans allow 100% financing.
Best of Luck;
CEO & SR Credit Repair Specialist at
Everlasting Credit Repair
Ex-Mortgage Broker of more than 10 years
We also have a DIY service.
"Northwest San Antonio Specialist"
9910 Kents Store
San Antonio, TX 78245
Ask me for a new home buyers mp3
http://www.DHImortgage.com/Kasey-Hampton - She is by far the best lender in Texas. She is had the lowest interest rates in the state for 15 years. You'll thank me for that one later.
Plus, I can pull you a full list of all the homes that fit exactly what you're looking for In the area you would like to be in. Make your life a ton easier :-)
I am exceedingly good at getting the seller to pay all of your closing cost.
Give me a call, shoot me a text, or send me an email.
Jason C Campbell
Platinum top 50 finalist
Option one real estate
You credit score is high enough to purchase a home and I know some lenders that have programs for first time buyers. Many new home builders have great incentive programs that will pay your closing cost and more. I would like to work with you help buy your first home. Call me at 210-422-3775.
I can help you look at all options, to see what is best for you. New Home Builders have lots of incentives also. The majority of my career was spent working with several of the big ones. Send me an email firstname.lastname@example.org.
All the best in your home search.
Ray is correct about your score. 640 is the score quite a few banks look for when they average the 3 bureaus. I would also recommend Ray Blankenberg as a detailed agent that would take good care to help you through the purchasing process.