Are you wanting to buy a home, but feel it is an insurmountable task?  Are you feeling that you don’t have enough to put down, or you will never be able to save the proper amount of money?

Well, what people don’t realize is there are many programs available to help first time buyers.  Did you know if you are a vet, you could qualify for a 0% down?  If you are not a Vet, there are other programs that could get you in for 1/2 a percent of the purchase price? 

Let's face it, the cost of rent continues to rise annually, and usually more than your income increase, which negatively effects your personal economic stability. Buying a home will get you a 30 year loan with no annual increases to your mortgage payment, so annually you will be in a better financial situation when your income goes up and your mortgage does not.

The first thing people tend to do is look at homes where they want to live.  I encourage my clients to first reach out to a lender and see what you might qualify for so you can hone in on what you'll be able to afford. Most people feel that a small condo would be the best fit because it would yield the lowest monthly payment.  But what many don't realize is that most condos have steep association dues that could amount to an additional $300 a month, and some even have have Mello Roos. Mello Roos is an additional tax for the newer communities that cover the cost of schools in the newer neighborhoods which could increase your monthly payments by about $3000 per year.  So make sure you know the neighborhoods that are affected by these additional taxes, or call me and I will help you with determining those neighborhoods. You may find that a smaller home in and older neighborhood would be the same monthly payment or less.  

There is a lot to know about buying a home and if you feel that all the information is overwhelming, let me help you break it down.