Believe It Or Not… Yes You Can!
Of course you’ll need money to pay the mortgage payment each month, but YES, you can buy a home with no money out of pocket!
And not only that, but in many cases your total payment can be lower than what you are already paying in wasted rent!
I am going to run you through 2 scenarios that recent clients just did, where they were able to stop renting, starting saving, and get into a home of their very own!
Scenario 1 – Willow Springs Condos
1,261 sq ft – 3 Bed – 2 Bath
Price – $97,900 w/ $4,000 in closing costs
Payment – $683/month (includes principal, interest, taxes, insurance and HOA fees)
USDA Rural Housing loan APR 4.447%
Buyer paid NOTHING out of pocket!
Scenario 2 – River Bend Town Homes
1,935 sq ft – 3 Bed – 2.5 Bath
Price – $159,400 w/ $4,500 in closing costs
Payment – $948/month (includes principal, interest, taxes, insurance and HOA fees)
USDA Rural Housing loan APR 4.418%
Buyer paid NOTHING out of pocket!
I know there are all sorts of rumors out there that it’s hard to get a loan, or that you have to have 10 – 20% down – but as you can see that’s not that case! Both of these buyers have transitioned from renting to home ownership and did it both seamlessly and with no money out of pocket!
Curious if you can get out of your rental and in to a home? Call me today and let’s find out! 801-368-5337
Thanks to Curtis Price at W J Bradley Lending for providing the numbers on both of these transactions.
