Buying a home in today’s real estate market isn’t as difficult as you might think. Here are some tips to make things easier for you.

We’ve been getting a number of questions about down payments, financing, and getting a mortgage in general. There seems to be a lot of misconceptions out there about the amount of money needed for a down payment. A lot of people think that it’s very difficult to get a mortgage in today’s market, but that’s really not true.

Here in St. Cloud, there are quite a number of people utilizing the rural development loan program, which allows you to get a 30-year fixed rate mortgage with $0 down. FHA programs only require 3.5% down, and many times we can build closing costs right into the purchase price of the property. In addition, there are plenty of grant programs out there that will assist buyers with their down payments.

“There are plenty of down payment assistance programs out there.”

Another thing that is happening is that lending criteria has loosened up a little bit. If you have a good, stable job and good credit history, there should be no problem getting a mortgage right now while interest rates are still good.

If you have any questions for us or you’re thinking about buying or selling a home anytime in the near future, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.