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Mini-Cassia MLS Realtors for Burley, Rupert,
Heyburn, Paul, Declo, Albion, Malta, and surrounding
areas. Homes, Businesses, Land, Farms, Ranches, Lots &
Development Property For Sale. Serving both Cassia
County & Minidoka County.
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Tired of paying rent for an apartment or house that doesn’t feel
like home? Dreaming of your own place but short money for the
down payment?
You’re not alone. For many renters, buying that first home seems
like an impossible task. They feel trapped in the renting cycle.
Fortunately, you can break free. Armed with professional
information, you can make owning your own home a reality.
Buying your first home is a huge hurdle, especially coming up
with the down payment. This report features professional tips
and facts to help you in the process. Learn about new financing
options. Look at your assets in a new way. This information may
solve your financing dilemma.
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Explore low down payment options
You know you can make the monthly payments (you already
do that), but where will you get the down payment for
your home? How can you possibly save enough money when
you’re pouring your money into rent each month?
Fortunately, you may not need as much as you think.
There are many low-down payment, even zero-down,
programs available. Ask your real estate agent for
information and get referrals to lending institutions.
Call all the banks and mortgage companies listed in your
phone book’s yellow pages and ask about options.
Research home loans on the Internet. You may be
surprised at what you find.
There are also local and federal government programs
designed to help renters become homeowners. Again, ask
your real estate about these programs. A little homework
may make the difference in financing your first home.
Work with the sellers
Ask the sellers if they’re willing to act as your lender
and carry the loan. Sometimes, if you commit to pay more
than the asking price – or pay a higher interest rate –
sellers carrying the loan won’t require a down payment.
Use the assets you already have.
If you don’t have debt and own an asset (like a car or
boat) free and clear, you may be in better shape than
you thought. Ask your lending institution if they’ll
lend you the down payment using your asset as
collateral. While this option may come with a high
interest rate, it might work for you.
Ask Friends or Family Members for Help
Most lending institutions allow borrowers to use gifts
for their down payment. Perhaps a friends or family
member is in the financial position to help you purchase
your first home. It’s worth considering.
Keep Saving
While you explore your options, continue to save on a
regular basis, even if it’s only $25 a month. Not only
will this will take you closer to your goal, it will
show lending institutions you have a record of
responsible saving.
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Search
Idaho's MagicValley
Properties for Sale
Search all home and property listings for sale in
Mini-Cassia. Burley, Rupert, Heyburn, Paul,
Declo, Albion, Malta, and surrounding areas.
Homes, Businesses, Land, Farms, Ranches, Lots &
Development Property For Sale. Serving both
Cassia County & Minidoka County.
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Featured Listings
View our featured homes and properties for sale in
Burley, Idaho.
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Realty Watcher
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home or property becomes available. Sign up today and we
will email you daily or weekly all Burley area listings
for sale as they become available. This is a free
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View our Agents Southern Idaho Real Estate Professionals
Serving Idaho's Magic Valley. Mini-Cassia MLS Realtors for Burley, Rupert,
Heyburn, Paul, Declo, Albion, Malta, and surrounding
areas. Homes, Businesses, Land, Farms, Ranches, Lots &
Development Property For Sale. Serving both Cassia
County & Minidoka County. |
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