As we near the end of the year, more homeowners are realizing the benefits of today’s sellers’ market. Record-breaking home price appreciation, growing equity, low
$1500 All-In Mortgage Program
Dated: October 21 2021
One of the biggest obstacles to home/condo ownership is the cost of acquiring a property. As most buyers don’t have a large amount of cash sitting around to buy their ideal home financing is required. With that, the acquisition costs include substantial down payment and significant closing costs most of the time but not in this case.
We Have a Better Way and it is called “$1,500 All-In”
With our partnership with an exceptional lender and the FHA we are able to offer a true 100% loan with limited requirements. Added to that is our ability to negotiate that the seller pay for some of your closing costs and any remaining, if any, are rolled into the mortgage loan. The result is the ability to purchase a home or qualifying condo for as little as $1,500 out of pocket. You read that right only $1,500
How that $1,500 is broken up is $1,000 as the ‘Earnest Money’ and $500 towards to cost of a home inspection. In the grand scheme of things, the Earnest Money is “good faith money” to show you are serious, it applies towards the cost of the home and will be credited to you at closing. In a lot of cases, the total acquisition cost will only be the home inspection and $450 towards the required appraisal usually paid upfront by lender and rolled into total closing costs.
Of course, this is a major simplification of a very complex process but that is what we are here for at Forrest Team of REALTORS. Experience Truly Matters, Having Forrest Team as your Buyer’s Agents will Save You Thousands!
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There’s no denying the financial benefits of homeownership, but what’s often overlooked are the feelings of gratitude, security, pride, and comfort we get from owning a home.