Posted in First time home buyers, NO MONEY down home buying, Renters vs First Time home owner, USDA Financing

USDA 100% Financing- means NO MONEY DOWN!

Just got some fabulous news for first time home buyers in parts of Montgomery County Pennsylvania today– The USDA eligibility areas are “possibly” being adjusted in the northern section of Montgomery County.

So what the heck does that mean to first time home buyers?

The United States Department of Agriculture has government financing that is highly sought after by many first time home buyers because it means that unlike an FHA mortgage that requires 3.5% of sale price be paid by the buyers, a USDA qualified property could mean ZERO down money is required.

There are two qualifications that must be met in order to qualify for a USDA Mortgage:

  • The household income must be under $90,000
  • The property must be located within a USDA eligible area.

The second requirement is what is adjusting in Northern Montgomery County, more specifically mostly in Upper and Lower Pottsgrove.  The eligibility areas are proposed to be adjusted to include many properties in the “Pottsgroves” that were not previously included.

You can check the eligible areas for yourself here.  Word has it that these changes are hopefully going into effect in June 2018.

If you’re currently looking in the Pottsgrove areas, be sure and check in with your Realtor and find out if you could qualify for USDA (No Money Down) Financing!

Would you like to find out if you could qualify to buy your first home with USDA Financing?  Simply drop your first name and your email below and we’ll get the info out to you right away…Faith and Josh pic

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Posted in First time home buyers, Renters vs First Time home owner

What’s Holding You Back?

  • You got a promotion at work late last year ~ that came with a hefty raise.
  •  You’ve narrowed down the area that you would LOVE to live in- plenty of fun places to hang-out and great restaurants in a cute neighborhood.
  • You’ve even managed to save up a little nest egg .
  • Heck you just paid off your car loan and your student loans are almost paid off!

                               So what’s holding you back?Questioning-woman

All of your ducks are in a row.  Interest rates are still at a great level.  Your annual lease is running out at the end of the year and it will become month to month.  Perfect timing. What is that nagging thing that is keeping you from taking action?  If the idea of owning instead of renting keeps creeping into your thoughts more and more and it’s time to ask yourself the serious question: What is keeping me from moving forward?

It is usually one of three things.

  1. You’re nervous about committment.  Many renters that I’ve worked with over the years are terrified of committing to a mortgage.  Well, guess what?  If you remain as a renter, you are still committing to a contract/lease.  You are just doing it without having any of the control- you are in a committment, but have given all the power to your landlord.  As a homeowner, you are in control.
  2. You don’t want to part with your savings.  Let’s face it, you worked hard for that savings.  Be honest with yourself- what else could you be doing with that money?  Sure you could take a trip, buy some new furniture… but in the BIG picture- which of those things is going to have a lasting affect on your life ten years from now?  The furniture will be worn and the trip- just a distant memory.  Homeownership builds equity as well as gives you the joy of “being in charge of your kingdom.”
  3. You are afraid of change.  Plain and simple – fear can paralyze you if you let it. When you know in your heart that this is the best decision for you, all you have to do is take that first step.  One step forward makes the next steps come easier and easier.  Working with knowledgeable professionals that you trust and can ask any and all questions at any time  makes this process much more comfortable for you.  When you choose a real estate professional who specializes in first time home buyers, they understand all of your fears and how important it is to be available at all times to answer your questions and help you to feel comfortable and confident in your decision to take those important first steps toward fulfilling your dream of becoming a homeowner.

Still have questions and concerns holding you back?  If you’d like to chat, we’re happy to sit down and talk with you to find out if you are truly ready to become a homeowner.

Would you like to receive more tips, ideas and guidance to help you decide if homeownership is right for you?  Subscribe to The “Can I be a First Time Homeowner Club?”  We won’t spam you- We promise! You’ll simply find helpful hints and tips and some humor in your inbox from time to time.  If at any time you’d like to unsubscribe- just click unsubscribe and we will disappear.

 

Posted in Renters vs First Time home owner

Rent’s going up. Again.

You’re all about hanging out with your friends after work and where you “keep your stuff” isn’t really that important.  You’d rather let the landlord worry about fixing the broken toilet and the leaky roof.  I get that.  How nice is it to not have to remember to have heating oil delivered?  It’s so easy to just leave all the headaches to someone else.

Until those other little things start creeping in.

  • You love your hobbies- kayaking, biking  with your friends.  But that trip to the storage unit to get the kayak- (that storage unit that’s costing you a hundred bucks a month) every weekend is just getting old.
  • That flyer on the board at work with the adorable, floppy earred puppy keeps calling to you every time you walk by.  It would be nice to have a pup waiting to go for a walk when you get home after work. When you signed the lease agreeing to no pets,  it didn’t seem like a big deal.  It does now.
  • These little nagging things are annoying – yes.  But you can deal…….
  • UNTIL-  You go to your mail box and there it is.  The LAST STRAW.

                              The Rent is going up….AGAIN!Mailbox-Free-Download-PNG-180x180

         Maybe it’s time. 

  • It would be nice to have a basement or maybe a shed to keep the kayak and you wouldn’t have to drive to the storage unit (or pay for it!) every time you want to use it. Not to mention how awesome it would be to not have to have the bike hanging from a hook in the livingroom.
  • How about that cute, cuddly puppy?  Having your own place, being your own landlord- setting the rules.  Hmmmm.

Rental prices are rising across the country.  Many people are paying rents upwards of $1200-$2000 a month and higher.  These could very easily cover your monthly mortgage including homeowners insurance AND taxes.  But, while you’re still paying the rent, how do you save for your new home?  Sounds next to impossible, right?  WRONG.

Stay tuned, my friend Tasha Booth, also known as  The Frugal Fit Girl  has lots of great ways to “almost pain-lessly”  save for that new home.

We want to help you go from raging renter to happy homeowner. Come along and we’ll show you how to not go crazy in the process…