Wednesday, June 5, 2019 / by Matt Chase
We are going to dispel these and encourage more people to stop paying rent, and to get their own mortgage, because it doesn't have to be a scary process!
Myth #1: You need a 20% down payment. This is not true. You can put as little as 3% down; or with USDA or VA loans; you can put 0% down! Down payment assistant programs are also available and our agents have the experience with them.
Myth #2: You must have a 800 credit score. Wrong again! If your credit score is anywhere near 600, you have a shot. We have had clients with rough credit issues and we have worked out a game plan to build her credit and get her in her first home.
Myth #3: You must have 2 year industry experience. Also a myth! all you need is the offer letter, and first pay stub. We have got recent graduates in their first homes, easily!
We have a great relationship with lenders that work with all situations. Stop paying your landlords mortgage, and start paying your own!