First Time Buyers

The Personal Joys of Having a Home To Call Your Own

The Personal Joys of Having a Home To Call Your Own

There’s no doubt that owning a home comes with significant financial benefits. And this time of year is a great time to reflect on the other reasons why owning a home is so meaningful. A house is more than four walls and a roof – it’s a place where memories are made, connections are built, and life happens. From the sense of accomplishment that comes with owning your own home to the joy of...

Infographic titled 'The Truth About Down Payments,' debunking the misconception that buyers need to put 20% down. It highlights that median down payments are 9% for first-time homebuyers and 18% for all buyers. The infographic explains that some loans require as little as 3.5% or 0% down and features stats on down payment assistance programs, with the average benefit being $17,000. Includes resources for more information.

The Truth About Down Payments

There’s a misconception going around that you have to put 20% of the purchase price down when you buy a home. But the truth is, many people don’t put down that much unless they’re trying to make their offer more competitive. And if you want to give your savings a boost, look into down payment assistance. There are thousands of programs that offer an average benefit of nearly $17,000. To learn more...

The Biggest Perks of Buying a Home This Winter

The Biggest Perks of Buying a Home This Winter

Waiting for perfect market conditions often means missing out. Because what you may not realize is, if you’re ready and able to buy, this time of year could actually give you an edge. Here’s why. As the weather cools down, the housing market can too – and that works in your favor. You Likely Won’t Feel as Rushed Homes tend to take a little longer to sell during this time of year. Data from...

More Starter Homes Are Hitting the Market

More Starter Homes Are Hitting the Market

More entry-level homes – also known as starter homes – are popping up on the market. And after several years with very few homes available to buy and prices rising, there are finally some more options for first-time buyers. Inventory Is Increasing – Especially at Lower Price Points Over the past year, the total supply of homes for sale has improved. According to Realtor.com, in November...

What Homebuyers Need To Know About Credit Scores

What Homebuyers Need To Know About Credit Scores

Data shows 7 out of 10 prospective homebuyers don’t know the minimum credit score required by lenders or that it varies by lender and loan type. According to Experian, the range is anywhere from 500 to 700 for the minimum credit score. That means you don’t need perfect credit to buy a home. Your credit score is important – but that doesn’t mean it needs to be perfect. Work with a lender to learn...

The Top 2 Reasons To Look at Newly Built Homes

The Top 2 Reasons To Look at Newly Built Homes

When planning a move, a newly built home might not be the first thing that comes to mind. But with more brand-new homes on the market and builders focusing on smaller, more affordable options, this type of home may just be the key to crossing the homebuying finish line. Here's why a new build is worth considering – and how an agent can help you find one that meets your needs and your budget. 1....

How Co-Buying a Home Helps with Affordability Today

How Co-Buying a Home Helps with Affordability Today

Buying a home in today’s market can feel like an uphill battle – especially with home prices and mortgage rates putting pressure on your budget. If you’re feeling stuck, co-buying could be one way to help you get your foot in the door. Freddie Mac says: “If you are an aspiring homeowner, buying a home with your family or friends could be an option.” But there are some things you'll...

Renting vs. Buying: The Net Worth Gap You Need To See

Renting vs. Buying: The Net Worth Gap You Need To See

Trying to decide between renting or buying a home? One key factor that could help you choose is just how much homeownership can grow your net worth. Every three years, the Federal Reserve Board shares a report called the Survey of Consumer Finances (SCF). It shows how much wealth homeowners and renters have – and the difference is significant. On average, a homeowner’s net worth is nearly 40...

Is a Fixer Upper Right for You?

Is a Fixer Upper Right for You?

Looking to buy a home but feeling like almost everything is out of reach? Here’s the thing. There’s still a way to become a homeowner, even when affordability seems like a huge roadblock – and it might be with a fixer upper. Let’s dive into why buying a fixer upper could be your ticket to homeownership and how you can make it work. What Is a Fixer Upper? A fixer...

Debunking Scary Myths About Buying a Home

Debunking Scary Myths About Buying a Home

There are a number of scary myths about homebuying in today’s market. Here’s what you need to know. Prices are not expected to crash, it is possible to buy even with student loan debt, and there are programs that can help you save for a down payment. Don’t let scary myths delay your homebuying plans. Let's connect so you have a pro to help you separate the facts from your...

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