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The majority of tenants say they’d like to own a home
but continue to pay rent and missing out on financial
and emotional advantages. There seems to still be a lot
of misinformation in the marketplace.

There are a number of programs for low or no down
payment options. Veterans can get into a home with no
down payment or closing costs. In qualifying areas,
USDA has zero down payment programs. FHA requires
3.5% down payment and there are conventional
programs for as little as 3% and 5% down.

People with credit issues need expert opinions about
their specific situation. Borrowers with bankruptcies or
foreclosures may be eligible to purchase again after
certain periods of time. There are short-term fixes for
some types of credit problems. There is an extended
list of individual issues that a skilled mortgage
professional may be able to overcome.

Most tenants realize considerably lower cost of housing
by owning once the appreciation, amortization and tax
savings are considered. The savings in the first year
alone could easily be more than the down payment

Plug in your own numbers in a  
Rent vs. Own to see
what your real cost of housing may be. Contact us for a
recommendation of a mortgage professional who can
give you accurate information about your situation.