It’s great when a plan comes together,..but when it comes together twice in one family, that is even more exciting! Great Financing terms and loan programs are making home ownership affordable and possible!
Case #1. Sweet young couple, hoping to be engaged, but committed to purchase a home together begin their search for their “first home”. In this case, as with many first time home buyers, both of these young professionals are working and contributing to a household income. They are not making a killing, but are able to afford car payments, nights out, vacations and a few of the simple pleasures in life. Their goal however is to be married soon, and to acquire a home. Enter, Realtor Debbie.
The first step was qualifying,.. the second was finding a home with land.. a little piece of the American dream! Looking for land is easy, as we are surrounded by plantations, unrecorded rural subdivisions and estate properties. A small subdivision just outside the city limits fit their needs. Paved roads, half to one acre lots, only 25 home-sites and a new construction home, Sycamore Ridge was the answer! The best news.. this home qualifies for the US Rural Housing Home Loan… 100% financing with NO Mortgage insurance! With a builder willing to pay closing costs, the couple ended up bringing $28.07 to closing! What would be their down payment became money for a fence and some needed furnishings! Even more good news.. now construction like this is hard to find in Tallahassee..ergo..their value just escalated!
Within days of closing,.. I was given the best post-closing gift ever.. a referral. The homeowner has a brother, with a wife and twin toddlers.. and they want to move up as well. Same process..same loan product.. and a successful closing on a home with immediate equity!
Today I had dinner with these kids.. all 4 and the twins..their treat! It seems they both received their first time home-buyer credit money.. and took me to dinner! What a complete and utter surprise! This makes it all worthwhile!
p.s. If you are wondering about Realtors getting customers in over their heads with 100% loan products..don’t forget: REALTORS are bound by a code of ethics…I take that seriously. Counseling home buyers and working with customers for AFFORDABLE homes and SMART purchases is both my business and my obligation. My buyers are well prepared and represented!