Buying a house is a significant financial investment that requires careful planning and budgeting. The amount of money required to purchase a home varies greatly but it might not be as hard to buy a house as you might think. There are FHA loans available with only 3.5% down and in Colorado we have CHFA which is a down payment assistance program that could get you into a new house with no money down.
On top of the down payment, there are actually only a couple of other expenses to consider when buying a home. You’ll need to pay for an appraisal and a home inspection but beyond that, all of your lender fees get wrapped up in the loan so you don’t really need a huge pile of cash to buy a house.
If you are a First Time Home Buyer, you will want to save some money and be sure to have great credit but don’t sit out of the home ownership lifestyle just because you don’t have 20% of the purchase price in the bank. We can help you get into a house and you can take advantage of all of the advantages of owning your own home.