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How to Buy a House with only $1,000 down!

The programs to buy a house for only $1,000 apply to first time home buyers

The first thing to do is to be pre-qualified by a lender. The pre-qualification process is very easy. We will be very glad to help you through it.

It is estimated that the cost of buying a house is approximately between 6%-7% of the house value. However, if buyers negotiate the purchase of the house, the seller could contribute substantially towards the buyers closing costs and/or down payment. Other financial sources that could help reduce the amount of cash needed to buy a house are the different programs offered by the State, county or municipality. We can help you negotiate the seller’s contribution toward the purchase of your home. For more information please call us.

Some sellers advertise programs with “no money down”. This is a little bit confusing because buyers believe that they do not have to put any money at all. In reality “no money down” means no money put towards the principal. However, buyers will have to put money for the closing costs. “No money down” does not mean no cash out of pocket. You will need a minimum of $1,000 in order to be able to purchase a home if you follow the steps mentioned above. For more information feel free to call us. We are here to help you in your Real Estate needs. We specialize in First Time Buyers Programs.

For more information give us a call today! 302.256.0155