Where do you start?
Here at Rocky Mountain Real Estate we will show you the way. First of all, learn the financing basics. Get pre-approved and become a smart shopper check out this Grant to see if you can qualify. It is a class to take online or in the classroom than may help you cover downpayment assistance and closing costs.
When you buy your first home, making monthly payments probably won't be a problem, actually they may be less than rent! 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.
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.
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.