Here’s what you need to know about a new program that helps you own a home.
How would you like to achieve homeownership while you’re still trying to get a loan? It seems difficult, but it’s actually very simple. Today I’ll share how you can own a home before you get approved for your loan.
If you’re a buyer with a lower credit score, not much money saved up, or debt you need to take care of, this program is for you. All you need is a 550 credit score and a yearly income of $30,000. This program is also great for people who are self-employed and haven’t been vested for two years.
The gist of this program is that they make a cash offer on a home on your behalf, then you rent the property from them while you pay off the down payment and closing costs. In total, you only need to pay 3% of the home’s value up front. Homes in the Charlotte area are appreciating about 1% per month, so you’ll have 9% equity in just a year.
If you would like to learn more about this program, please reach out to me via phone or email. I would love to talk to you about it!
