800-418-0007
Hablamos Español
Nou pale kreyòl
Financial Myths: The Real Estate Money Talk
Don't let outdated advice or confusing jargon keep you from buying or selling. The financial landscape of real estate is far more flexible and accessible than most people think. We're here to set the record straight on down payments, financial programs, and affordability.
​
The Myth vs the FACTS
​
"You need 20% down to buy a house."Busted. This is the biggest misconception! Many buyers get into homes with as little as 3% to 5% down. If you qualify for a VA or FHA loan, the down payment requirement can be even lower, or even zero. Stop saving for a mythical 20%. We specialize in finding low-down-payment loans that fit your budget, allowing you to start building equity sooner.
​
"Affordable programs are only for people with bad credit."Busted. Financial assistance programs—like Down Payment Assistance (DPA)—are designed for hardworking families across various financial health levels. The average credit score of a DPA user is often higher than you'd expect.Don't assume you won't qualify. We can check your eligibility for programs like Hometown Heroes or state DPA loans that assist buyers with good or great credit.
​
"Using Down Payment Assistance will delay my closing."Busted. This may be true for some complex local programs, but state-backed programs are often streamlined. With the right lender, using DPA should add zero extra days to your contract.Our team works exclusively with DPA-trained lenders who guarantee an efficient, on-time closing process, so your move-in date stays secure.
​
"My income is too high for any financial assistance."Busted. Income limits for assistance programs vary dramatically by county and program type. Some non-bond programs have surprisingly high limits, well into the six figures, to serve middle-income families.Never self-disqualify! We provide a quick, confidential way to check the most current income limits in your area. You might be eligible for thousands in assistance.
​
Top 7 reasons to talk with a good loan officer
​
Don’t fret, my friend! Home loan officers are not the dragons they might seem. Let me ease your worries with a few comforting reasons you need them:
​
-
They’re on Your Side: Loan officers are like friendly guides on your home-buying adventure. They want to help you find the best loan options and make your dreams of homeownership come true. Their job is to assist, not intimidate.
-
They Want You to Succeed: Seriously! Their success depends on your success. If you get a loan and buy a house, it’s a win-win for both of you. So, they’re rooting for you, not against you.
-
They Speak Human: Sure, they deal with numbers and paperwork, but they’re also people. They understand that buying a home is a big deal, and they’ll patiently explain things, answer your questions, and guide you through the process.
-
They’re Not the Decision-Makers: Loan officers collect your information and present it to the underwriters (the real decision-makers). They don’t decide whether you get the loan or not. So, no need to fear judgment from them.
-
Transparency Is Their Jam: Good loan officers lay out all the details—interest rates, fees, terms—like a well-organized picnic. They want you to know what you’re getting into. No hidden traps here!
-
You’re in Control: Remember, you’re the captain of this ship. If you’re uncomfortable with something, speak up! Loan officers will adjust sails (figuratively) to keep you comfortable.
-
They’ve Seen It All: From first-time buyers to seasoned homeowners, they’ve dealt with every kind of borrower. Your situation isn’t unique, and they won’t judge you.
​
So, take a deep breath, put on your brave face, and march into that loan officer’s office. You’ve got this!
In the meantime, get an idea of what that dreamhouse will cost you with this handy calculator. Simply plug in the price, and type in 30 years and hit "calculate."
