The MYTH that we frequently hear from our clients is this: “Oh, I can’t buy a home right now because I need a 20% down payment to buy a home. That’s a lot of money and it’s going to take me forever to save that up.” A 20% downpayment on the average home in the Bryan College Station area home (average price $250,000) is $50,000. That *is* a lot of money for most people.
TIME TO BUST THIS REAL ESTATE MYTH!
Lenders today offer many affordable loan programs that will allow you to purchase a home with as little as 3% - 5% down for a conventional loan, or 3.5% down for an FHA loan. On the average Bryan College Station home - priced at $250,000 - that means a 3.5% down payment is only $8,750. That’s still a fair amount, but it is a far cry from $50,000.
And the news is even better for U.S. military veterans. Veterans who qualify for VA loans can purchase a home with ZERO down. It’s a tremendous and well-deserved benefit for those who served our country.
CALL US TODAY
Check with us before you decide that you can’t afford to buy a home. We work with a great group of friendly, helpful lenders who have a variety of programs available to help all kinds of people purchase a home. Even if you're not ready today, our lenders can help you put a plan in place to get ready in the near future! Reach out to Wendy at 979-324-1138 today and let’s get the process started!
