If you're paying rent you are paying a mortgage... just not your own!
Buying your first home can be an exciting but sometimes overwhelming experience. The decision to stop renting and start investing in your future is a major step and your agent will be there every step of the way. You can rely on our knowledge and experience to help you make informed decisions throughout the process of purchasing your first home.
At Texas Realty Associates specialize in first time home buyer incentives and can help you navigate various down payment assistance programs. Not enough saved for a down payment? No worries there are low down and 0% down options that are available to most buyers. Let us help you find the best program for you.
Ready to find out more about low to no down payment programs? Start working with a buyer's agent now!
At Texas Realty Associates specialize in first time home buyer incentives and can help you navigate various down payment assistance programs. Not enough saved for a down payment? No worries there are low down and 0% down options that are available to most buyers. Let us help you find the best program for you.
Ready to find out more about low to no down payment programs? Start working with a buyer's agent now!
The truth about buying your first home
Our agents have a proven track record of helping renters to become homeowners. In working with renters and buyers we commonly see a few home buyer myths that prevent renters from taking the first steps to homeownership.
Myth:
Buyers need a 10-20% down payment to get a mortgage.
Truth:
Most mortgages require a minimum down payment of 3-5% additionally there are mortgage options with no down payment requirement or buyers can use down payment assistance programs to cover their down payment and some of their closing costs.
Myth:
Buyers need a 10-20% down payment to get a mortgage.
Truth:
Most mortgages require a minimum down payment of 3-5% additionally there are mortgage options with no down payment requirement or buyers can use down payment assistance programs to cover their down payment and some of their closing costs.
Myth:
Down payment assistance programs are only for low-income borrowers.
Truth:
While some programs are designed for low-income borrowers there are many programs designed for borrowers with moderate incomes meaning borrowers with income up to 115% of the median family income of the greater metro area.
Myth:
Student loan debt will keep me from qualifying for a mortgage
Truth:
While student loan debt is a factor in getting preapproved for a mortgage, working with an agent that specializes in first time buying will help you with mortgage resources for every lending situation. Not all lenders and loan types have the same approach to calculating student loan debt when making a lending decision, our agents can direct you to the best lender and down payment program for your financial situation.
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