First-Time Buyers

Dreaming of owning your first home?  Tired of giving your money away to a landlord for a home or apartment that doesn't feel like yours?  Changing from renter to homeowner may be easier than you think.  I'm here to help you every step of the way and make the process as stress-free as possible.

Where do you start?

First of all, learn the financing basics.  Get pre-approved and become a smart shopper.  The first step is to check your credit report.  You can get a free report from annualcreditreport.com.

When you buy your first home, making monthly payments  probably won't be a problem.  After all, you're already paying rent to your landlord each month. It's coming up with the lump sum needed for a down-payment that may seem impossible. Fortunately, there are options to make buying your first home a happy reality.

Programs for first-time buyers.   There are several local or federal government programs that help first time buyers get into the housing market.  You may qualify for these programs as well as a VA loan that requires no down payment money.  Let me help you with finding the best financing program for you! 

Your lender.   Your bank or credit union may help as well.  Are you debt free and own something free and clear, like a car?  Your lender may lend you the down-payment by securing it against this asset.  If you are looking for a local bank to help finance your home you might check with First National Bank of Alamogordo Theresa Murray.  Click the link above and then click on Mortgage Loans.

Private contracts.   Look for a seller to help you finance your home. Some sellers are willing to carry the contract themselves and will waive the down payment.  You may only have to pay the monthly mortgage installments.

Need financial solutions?

Credit or tax problems.   Do you have problems with your credit rating or owe money in taxes? Buying your first home is still a possibility. Check with your lending institution about options, such as paying a higher down-payment.

If necessary, contact a financial advisor or tax resolution service.