Finding a Way to Purchase your Home

Buying a home may seem difficult at times but is usually not as complicated as it may seem as long as you have the right information on your hands. You need three basic things to purchase a home: 

  • good income
  • good credit and 
  • a good amount of cash 

If you are lacking in one area, don't worry, with a little effort, you can find a solution.

For example, if you have a lot of cash, your income and credit may not matter. You simply pay in full for your home outright. That is the ideal situation. You can even usually negotiate with a seller for a lower purchase price because you don't you can close fast and don’t require a mortgage approval. You offer a simple and quick transaction to the seller.

However, you may be in the opposite situation. You could have a good income and excellent credit, but little cash saved. There are options for you as well. You can find many loan programs, especially those for first-time homebuyers, which offer low down payments, sometimes as low a 3%. You will have to pay for private mortgage insurance, but it is worth it to be able to purchase a home.

3 Ways to Get your down payment sooner

There are loan programs out there for those who do not want to disclose their income information. These loans are called no-doc mortgages. You will pay a higher interest rate and might have to put a large down payment on the mortgage, but you won't have to submit your income information. Many self-employed individuals turn to this option.

There are ways to purchase a home, no matter your situation. If you have made poor choices in the past and have questionable credit, you can find lenders out there willing to grant you a mortgage. You may have to prepay points. You will most likely pay a higher interest rate as you are more risky to the lender. But if you are willing to make the sacrifice, there is no reason you can't refinance your mortgage in five to ten years, when your credit is improved.

If your credit is low, you can also work with a credit repair professional to help you increase your credit score in a relative short period of time and remove inaccurate information that may be hurting your score. 

Look into all of your options when considering purchasing a home. It may be that you are better off waiting, saving some money and improving your credit history. Given time, you may be in a better position to purchse.

The important thing is to always get creative and find ways to buy your home. Check with your Realtor as he will be able to give you the best solution tailored to your specific situation. 

1613 Properties
Page 1 of 135
Open 6/23
1149 43Rd Street Orlando, FL 32839
$185,000
Subdivision: Holden Manor
4
Beds
2
Baths
1,356
Sq.Ft.
1990
Year Built
2
Days on Site
O5792441
MLS
This truly charming home in a very quiet Holden Manor community is offered for sale. It boasts both beauty and functionality. From the oversized backyard to its East facing deck, this home provides...
$412,000
Subdivision: Storey Lake Ph 1-3A
4
Beds
2F11/2
Baths
2,655
Sq.Ft.
2018
Year Built
2
Days on Site
S5019501
MLS
Beautiful 2 story family house, 4 bedrooms, 2.5 bathrooms. 2018 year built home with a spacious floor plan with floor tiles on Dining room, Kitchen, entrance hallway, Bathrooms. Property has an open...
$225,000
Subdivision: Willow Creek Ph 04
3
Beds
2
Baths
1,827
Sq.Ft.
1995
Year Built
2
Days on Site
O5792461
MLS
Spacious home, great place to entertain, home featuring 3 bedroom and 2 bath, 2 car garage with eating space in the kitchen, large master bedroom with walking closet, shower with separate garden...
$789,000
Subdivision: Windermere Town
4
Beds
4
Baths
3,268
Sq.Ft.
1955
Year Built
2
Days on Site
O5790336
MLS
Original one of a kind & sure to charm...from the waterfall entry, bougainvillea pergola, custom ironwork & enchanting brick paths & courtyards. This Spanish style home was established in 1955 on one...
$228,000
Subdivision: Windtree West
3
Beds
2
Baths
1,462
Sq.Ft.
1978
Year Built
2
Days on Site
O5792510
MLS
Just listed! Don't miss out on this 3 bedrooms 2 bath home located in the sought after Windtree West community in the Heart of Longwood!
The home features a great floor plan which includes a...
$503,000
Subdivision: Eola North
3
Beds
3F11/2
Baths
1,823
Sq.Ft.
2019
Year Built
2
Days on Site
T3179972
MLS
Under Construction. Life at Eola North means the perfect pairing of a superb central location along with elegant and contemporary upgrades. Located just south of Downtown at the corner of the...
3
Beds
2
Baths
2,129
Sq.Ft.
2019
Year Built
2
Days on Site
T3180243
MLS
One or more photo(s) has been virtually staged. Under Construction. Begin building cherished memories together in the open and bright Arabica. Design the family movie theater or game center of your...
$498,000
Subdivision: Eola North
3
Beds
3F11/2
Baths
1,823
Sq.Ft.
2019
Year Built
2
Days on Site
T3180338
MLS
Under Construction. Life at Eola North means the perfect pairing of a superb central location along with elegant and contemporary upgrades. Located just south of Downtown at the corner of the...
$487,000
Subdivision: Eola North
3
Beds
3F11/2
Baths
1,834
Sq.Ft.
2019
Year Built
2
Days on Site
T3180348
MLS
Under Construction. Life at Eola North means the perfect pairing of a superb central location along with elegant and contemporary upgrades. Located just south of Downtown at the corner of the...
$785,000
Subdivision: Wissahickon
4
Beds
3
Baths
2,489
Sq.Ft.
2019
Year Built
2
Days on Site
T3180420
MLS
Under Construction. A great home design and perfect location all in one! The popular Southhaven design features an open floorplan, four bedrooms, three full baths, upstairs laundry, a study and...
$159,900
Subdivision: Poinciana Village 02 Neighborhood 01
2
Beds
2
Baths
1,008
Sq.Ft.
1989
Year Built
2
Days on Site
O5791806
MLS
Come experience this gem of a home. Tile throughout all of the home NO CARPET here. Pride of ownership resonates throughout the entire house. The same owner has lived there for 24 years and the...
$120,000
Subdivision: Poinciana Golf Villas Condo
2
Beds
1F11/2
Baths
1,157
Sq.Ft.
1980
Year Built
2
Days on Site
O5792431
MLS
Great investment property . This 2 bedroom 2 story townhome in the heart of Kissimmee.
Laminate flooring with high ceilings and out side screened in lanai overlooking the pond. Property located...

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