There is not magical pill that will suddenly make you go from a renter to a home owner, the only thing you need is to TAKE ACTION and work on your main goal, to buy your dream home. On this post you will have important information that will lead you to have a better understanding on how to prepare yourself to buy a house. Depending on each individual’s circumstances, it might take a month, 3 months, 6 months or even a year to be ready. It is important to maintain a good spirit, work hard and keep your eye on the prize.

1. Check your finances. – This includes your check report, credit score and savings for the down payment and closing costs. You can check your credit report for free, read this post.
2. Inform yourself. – Check information about type of mortgages available and main requirements, here is a quick glance.
3. Contact a knowledgeable Realtor.- A professional licensed Realtor or Real Estate Agent will be your allied on the search and buying process of your new home

If you are looking for a Realtor you can trust and have FREE assistance on the acquisition of your home, give me a call, will be happy to help you prepare and accomplish your dream of HOME OWNERSHIP.

Clarisa Moody – Realtor

813 446 2003

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Yes, you read that right, you can buy a house with 0% down payment and not necessary you need to be a veteran to be able to have this option.

The USDA loan is a program offered by the United States Department of Agriculture where buyers are offered a mortgage loan to buy properties in rural and suburban areas. There is a map where you can check if the property you are looking to buy is in the eligibility area for a USDA map:

https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp

Regarding the requirements, the applicant should have a 640+ credit score and also be within the income limits, the annual house hold income limit varies by State and County. Household income cannot exceed 115% of the median household income in the County. You can check if your household income can qualify in the following link:

https://eligibility.sc.egov.usda.gov/eligibility/incomeEligibilityAction.do?pageAction=state

Despite dealing with a government program will require a bit more time and paperwork, the benefits of buying a house with a 0% down payment definitely worth it.

Remember: You will still need to use your savings to cover closing costs, inspections, appraisal and other financial costs attached to the mortgage itself.

If you would like to know more about buying a house with a USDA loan, call me, I will be happy to help you – 813 446 2003

Clarisa Moody

If you like this blog entry, make sure to subscribe to my Newsletter and you will receive interesting information about Real Estate, finances and home management.