Homebuyer Assistance Programs
In a recent poll of “American Attitudes About Homeownership” by the National Association of Realtors, 95% of owners and 72% of renters said they believed that it makes more sense to buy than rent. So, why is it so hard to make the switch? If you have ever purchased a home, you know that there are some significant upfront fees involved with buying. Most first time buyers look to an FHA loan because it has the lowest required down payment at 3.5% of the sales price compared to the 5% required by a conventional loan. In addition to the down payment, there are lender fees, title fees, inspection and appraisal fees, etc. The good news is that there is help available to low to moderate income families.
Price Reduced – 4040 SW 25th Street
This home qualifies for up to $6,000 in down payment assistance through Community Action. Be sure to review my post on down payment assistance, then visit the Community Action Agency online to see if you qualify!
Things to Think About When Buying a Home
Before you hop in your car and start blindly driving up and down every street in Oklahoma City searching for your perfect home, figure out what you want and need in the home you plan to purchase.
Recent Comments