Some Highlights:
- Many buyers are purchasing a home with a down payment as little as 3%
- You may already qualify for a loan, even if you don’t have perfect credit
- Interest Rates in Missouri are still very low! Right now, around 4.25%
First Time Homebuyer in St. Louis?
The State of Missouri is generous enough to have a program to help First Time Homebuyers get money for a downpayment on their home. The money is in the form of a loan that is forgiven over time, meaning if you plan to stay in your home for several years, you could get free money from the state!
There are income and home purchase price limitations (i.e you can’t be a “trust fund kid” and buy a mansion with your parents’ money).
Interested in learning more?
Lenders are like Realtors, it doesn’t cost you anything to talk to them. So, I recommend you reach out to one and discuss your options! If you have a good lender, tell them you are thinking about buying a home. Call me if you need a recommendation for a great lender! Call 636-224-4470