Posted by Yasmin Sabur on December 28, 2008 at 5:28pm
First things first.Why would any one have a blog, a web site and write articles on buying a home in this economic climate?If you’re thinking this woman must be totally out of it, well, in some ways, but not regarding purchasing a home.The best first mortgage and down payment assistance programs currently available were all created during times of national economic hardship. FHA 3% down payment mortgages and VA 100% guaranteed mortgages are just two programs created when folks had a need for low down payments to be able to purchase a home.As we pull out of this financial crisis, I believe more assistance will become available, not only for homeowners, but also for first time homebuyers.If you have a stable job history of two years, have paid your bills on time, kept you credit accounts down to a minimum, and have some money saved, there is no reason why you can’t be in a home of your within a few months. Now is always the best time to own a home.Myhomedownpayment.com is a nationwide directory of down payment assistance programs for low-to-moderate income families (most of us fall into this income group). Down payment assistance and closing costs programs exist on the national, state, county, and city levels. Take advantage of these programs.You need to be willing to do your homework, find ethical and knowledgeable real estate and mortgage professionals to assist you, and begin to enjoy the pleasures of home ownership.The author, Yasmin Sabur, is the founding member of My Home Down Payment and myhomedownpayment.com, e-education businesses promoting affordable housing through mortgage down payment assistance programs for low-to-moderate income families.
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