Category Archives: First Time Home Buyers

First TIme Homebuyer Tools

First Time Home Buyer Down Payment Assistance

First Time Home Buyer Down Payment Assistance

Looking for a First Time Home Buyer Down Payment Assistance Program? 

The good news is that we have programs that allow you to put zero down. That's right, 100% financing for the purchase of your new home.

For many first time buyers, the down payment is the biggest barrier to buying their first home. It is the number one reason that most new home buyers are waiting.

With rents on the rise and low mortgage rates, today's home buyers are finding that it makes a lot more sense to buy than rent. 

I know you are aware of the obvious advantages of home ownership. But, let's focus on just the financial aspect for now.

The most recent economic forecasts predict that rents will continue to rise in the majority of the largest cities in the nation over the next year.

If you purchase a home and take out a thirty year fixed mortgage, that will lock in your housing payment for the next thirty years!

First Time Home Buyer Down Payment

Do you think your rent would stay the same for thirty years? Of course not.

So, you do have the ability to fix and stabilize the largest part of your monthly housing payment for the next thirty years.

Sure your property taxes and homeowners insurance can go up a little, but the monthly principal and interest payment will not.

Plus, your property value will increase over time so you will build equity. Your income should increase and with a fixed monthly mortgage payment and your monthly housing expenses will become more affordable by owning your home.

Unlike the big banks, we offer these first time home buyer down payment assistance programs. We have specialized in these types of loans since 1991.

In most cases, we are able to work with you and the seller to structure these purchase transactions so that you have to put nothing down and have very little in other costs.

Are you ready to find out how our programs can help you afford a new home?

Call 800-607-1941 x220

Posted by: Brian Bush

first time home buyer down payment assistanceBrian and his team have been funding Home Loans for over 25 years.
Since 1991, they have funded over 2,000 loans

You can reach Brian at 800-607-1941 x220 or bbush@slglends.com

Why Every Purchase Offer Should Include A DU Mortgage Pre Approval

Why Every Purchase Offer Should Include A DU Mortgage Pre Approval

Getting A Mortgage Pre Approval Are purchase offers still submitted with a Pre-Qualification letter and not an actual Mortgage Pre Approval? I hope not. There is no good reason for a buyer or buyer’s agent not to submit a Pre-Approval, at least a copy of a Fannie Mae Desktop Underwriter (DU) approval. You probably see DU approvals, butContinue Reading

3 New Changes Make It Easier To Get A Home Loan

3 New Changes Make It Easier To Get A Home Loan

In recent months, the credit market for mortgage loans has seen some dramatic changes for the better. After years of extremely tight underwriting and risk avoidance by major banks, there are new loan programs that allow more flexibility. This means more loan approvals for today's home buyers and current homeowners seeking to refinance. The newContinue Reading

First Time Home Buyers 5 Step Guide

First Time Home Buyers 5 Step Guide

Buying your first home can be much less complicated than you may think. Most first time buyers are not sure where to begin and what to expect. It’s common for new home buyers to get confused and distracted by information overload. Taking a simple, organized approach is best. This first time home buyer's five step,Continue Reading