the beginners guide to buying a house
philosophy The Beginners Guide to Buying a Home
Deciding weather or not to buy a home is a huge decision for anyone. It can be intimidating taking out a loan for over one hundred thousand dollars, finding the perfect neighborhood for you and your family or locking into what seems to be at least a 20-30 year commitment. With the economic trends plaguing our country for the past seven years, it can make one hesitant to make such a significant decision. What I have found out is that there are a lot of great loans out there for first time home buyers, and there are a lot of eager real-estate agents that want to help you find the right home, and make the transaction as easy as possible for you. There are numerous resources and market trends that are telling us that now is an excellent time to buy; assuming you are ready.
What I have found out is that the U.S government gives out home loans for first time buyers. Specifically, the USDA, (United States Department of Agriculture), is the branch of government that is handling these loans. According to their website, “this is one of the best home loan programs in the country. As the USDA home loans are becoming more well known, more and more homebuyers are taking advantage of this cost saving and all inclusive mortgage program.” These loans have been around since 19—and are precisely meant to target moderate to low-income families. One stipulation is that it has to be in a USDA designated rural area, which there are many to choose from. According to the USDA website “ USDA designated rural properties are typically defined as any property that is completely rural in nature, or has less than 10,000 - 25,000 residents, depending on their own guidelines. However, there are currently many USDA eligible homes that aren’t located in rural areas at all, but instead small residential communities with smaller populations.” (explain how the houses in small residential communities are an exception to the rule that to qualify,
Deciding weather or not to buy a home is a huge decision for anyone. It can be intimidating taking out a loan for over one hundred thousand dollars, finding the perfect neighborhood for you and your family or locking into what seems to be at least a 20-30 year commitment. With the economic trends plaguing our country for the past seven years, it can make one hesitant to make such a significant decision. What I have found out is that there are a lot of great loans out there for first time home buyers, and there are a lot of eager real-estate agents that want to help you find the right home, and make the transaction as easy as possible for you. There are numerous resources and market trends that are telling us that now is an excellent time to buy; assuming you are ready.
What I have found out is that the U.S government gives out home loans for first time buyers. Specifically, the USDA, (United States Department of Agriculture), is the branch of government that is handling these loans. According to their website, “this is one of the best home loan programs in the country. As the USDA home loans are becoming more well known, more and more homebuyers are taking advantage of this cost saving and all inclusive mortgage program.” These loans have been around since 19—and are precisely meant to target moderate to low-income families. One stipulation is that it has to be in a USDA designated rural area, which there are many to choose from. According to the USDA website “ USDA designated rural properties are typically defined as any property that is completely rural in nature, or has less than 10,000 - 25,000 residents, depending on their own guidelines. However, there are currently many USDA eligible homes that aren’t located in rural areas at all, but instead small residential communities with smaller populations.” (explain how the houses in small residential communities are an exception to the rule that to qualify,