If you need assistance, please call 440-452-2000

Dispelling Myths: First Time Home Buyers

Wednesday, June 5, 2019   /   by Matt Chase

Dispelling Myths: First Time Home Buyers

There are often myths that are commonly believed when it comes to first time home buyers. 

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!

  first time home buyer, mortgage, real estate, realtor

Keller Williams Greater Cleveland
20525 Center Ridge Rd. Suite 220
Rocky River, OH 44116

Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2021 Last Updated May 6, 2021
The listing information herein is provided through the MLS IDX database. Information is deemed reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of NEOHREX.
This site powered by CINC: www.cincpro.com