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. 

672 Properties Found. Showing 1-12
Sort By:
2699 Manesty Lane
Kissimmee, FL 34747
2699 Manesty Lane Kissimmee, FL 34747
1 of 41
$379,900
Subdivision: Windsor Hills Ph 03
BEDS
6
BATHS
4
SQ.FT.
2,812
BUILT
2006
ON SITE
2Days
MLS
O5752295
A 6 bed, 4 bath poolhome located in Windsor Hills, you are located minutes from all major highways and attractions. Boasting a spacious kitchen and living area, this property comes with a games room...
5461 Lake Margaret Drive #103
Orlando, FL 32812
5461 Lake Margaret Drive #103 Orlando, FL 32812
1 of 10
$145,000
Subdivision: Manors Bryn Mawr Condo Ph 01
BEDS
2
BATHS
2
SQ.FT.
919
BUILT
1987
ON SITE
2Days
MLS
O5751030
Fabulous and cozy 1st floor unit freshly painted throughout with new carpet in the rooms!!!! Has huge master suite, screened porch, large living / dining area, sunny eat in kitchen. This unit looks...
14043 Gold Bridge Drive
Orlando, FL 32824
14043 Gold Bridge Drive Orlando, FL 32824
1 of 8
$320,000
Subdivision: Lakes Estates
BEDS
3
BATHS
2
SQ.FT.
1,979
BUILT
2016
ON SITE
2Days
MLS
S5010959
Excellent location with convenient access to major highways, Lake Nona/Medical City and airport. Value is found within this spacious 3 bedroom, 2 bathroom home. You will appreciate the master suite...
5708 Delorean Drive
Kissimmee, FL 34746
5708 Delorean Drive Kissimmee, FL 34746
1 of 22
$189,900
Subdivision: Regal Oaks At Old Town
BEDS
4
BATHS
4
SQ.FT.
1,852
BUILT
2007
ON SITE
2Days
MLS
O5752309
Beautiful end unit townhome backing onto the pond only a short walk to the clubhouse amenities, community pool, jacuzzi, water slide, tennis court and fitness room. Living / dining room combo open...
503 Purdue Street
Orlando, FL 32806
Open House
503 Purdue Street Orlando, FL 32806
1 of 27
$669,000
Subdivision: Delaney Park
BEDS
4
BATHS
4
SQ.FT.
2,966
BUILT
2005
ON SITE
2Days
MLS
O5752308
Rare opportunity to buy a newer Delaney Park home without the cost, hassle or wait of new construction. Built in 2005 this home has modern features like high ceilings, lots of closet space, spacious...
1600 E Washington Street
Orlando, FL 32803
1600 E Washington Street Orlando, FL 32803
1 of 11
$369,000
Subdivision: Rosarden Rep
BEDS
2
BATHS
1
SQ.FT.
1,269
BUILT
1925
ON SITE
2Days
MLS
O5752319
Wonderful downtown bungalow available on one of Orlando most desirable streets. The home is being sold with the adjacent property 1606 E Washington Dr. This opportunity may not come again. Both...
2457 Beacon Landing Circle
Orlando, FL 32824
2457 Beacon Landing Circle Orlando, FL 32824
1 of 26
$308,900
Subdivision: Beacon Park Ph 3
BEDS
4
BATHS
3
SQ.FT.
2,109
BUILT
2015
ON SITE
2Days
MLS
T3120709
WOW! PRICE REDUCED TO SELL! COME SEE THIS BEAUTIFUL HOME! Location!!! Location!! Location! Close to Lake Nona, Be connected to highly desirable Lake Nona without paying Lake Nona prices! Come See...
1606 E Washington Street
Orlando, FL 32803
1606 E Washington Street Orlando, FL 32803
1 of 10
$369,000
Subdivision: Rosarden Rep
BEDS
2
BATHS
1
SQ.FT.
1,146
BUILT
1951
ON SITE
2Days
MLS
O5752323
Wonderful downtown bungalow available on one of Orlando most desirable streets. The home is being sold with the adjacent property 1600 E Washington Dr. This opportunity may not come again. Both...
2417 Reading Drive
Orlando, FL 32804
Open House
2417 Reading Drive Orlando, FL 32804
1 of 17
$360,000
Subdivision: Palm Terrace
BEDS
3
BATHS
2
SQ.FT.
1,411
BUILT
1950
ON SITE
2Days
MLS
O5752321
Can we say Location, Location, Location! Enjoy this College Park home only half a block away from Lake Silver and you have Lake
Silver privileges. In the mornings enjoy a coffee in your front...
549 Pinehurst Cove
Kissimmee, FL 34758
549 Pinehurst Cove Kissimmee, FL 34758
 
$199,900
Subdivision: Pinehurst At Cypress Woods
BEDS
4
BATHS
2
SQ.FT.
1,774
BUILT
1998
ON SITE
2Days
MLS
S5010615
Perfect starter home. Home is well situated in beautiful subdivision in first village of Poinciana. This home has a well distributed floor plan with a spacious atmosphere. Home also features a new...
3100 Parkway Boulevard #526
Kissimmee, FL 34747
3100 Parkway Boulevard #526 Kissimmee, FL 34747
1 of 22
$190,000
Subdivision: Parkway Palms Rsrt Maingate
BEDS
2
BATHS
2
SQ.FT.
969
BUILT
1990
ON SITE
2Days
MLS
S5010977
Investor Alert!!! Rare opportunity to own a 2 bedroom/2 bath second story fully furnished unit with a pond view at the Parkway Palms Resort. It is just 1.5 miles from Walt Disney World. Located...
1729 Natchez Trace Boulevard
Orlando, FL 32818
1729 Natchez Trace Boulevard Orlando, FL 32818
1 of 19
$255,000
Subdivision: Magnolia Spgs
BEDS
4
BATHS
2
SQ.FT.
1,963
BUILT
1988
ON SITE
2Days
MLS
O5752272
This spacious 4 bedroom 2 bath home sits on an oversized lot with a large fenced-in backyard backing onto a small pond. This home features a substantial screened in pool that is ideal for relaxing or...

Post a Comment