The Home Buyer's Korner

Information presented should be used for educational purposes only.

March 8th, 2015

Guy looking up in color

GREATER JACKSON~SOUTHWEST MISSISSIPPI

The Home Buyer’s Korner

Google+ RE Community

Google+ Mortgage Lender Community

Google+ General Contractor Communities

Down Payment Assistance

nillionaire

The days government assistance programs aren’t as easily found as they were a few years ago, but homebuyers can still get mortgages with little to no money down if they know where to look.

From down payment assistance grants to interest-free second mortgages and other special mortgage programs, there are a number of options for home buyers who want to buy a home without a down payment.

You still need to have decent credit and all of your income has to be thoroughly documented.

Often, potential home buyers have what it takes to qualify for a mortgage but haven’t managed to save enough for a down payment or simply don’t want to spend all of their savings on a down payment. Meanwhile, money from the many types of down payment assistance programs, available through state and local housing agencies, goes unused because home buyers think they don’t qualify for help.

When you think of down payment assistance, you think of would-be home buyer that are income challenged, but these are not just for low-income folks. They are for working people who make a decent income but don’t have enough to save for a down payment.”

Home buyers can earn as much as 120 percent to 140 percent of the median area income and still qualify for some down payment assistance programs.

For instance, that median income for New Orleans is $26,131 and would-be home buyers can often qualify for down payment assistance, soft seconds and grant whose income is 31,357 or less a year for a single person. Higher incomes levels are available for families.

To find down-payment assistance programs available your best resources will come from a real estate agent who works with first-time home buyers and your mortgage lenders.

We’ve provided a few resources you should contract to find out what is available:

American Dream 

Down Payment Resource

NeighborhoodWorks

City of Jackson

Mississippi Home Corp

VISIT OUR SOUTHWEST MISSISSIPPI “HOMES FOR SALE” BOARDS

Livingston Homes for Sale

FIND HOMES THROUGHOUT SOUTHWEST MISSISSIPPI

HUD $100 DOWN PAYMENT HOMES IN MISSISSIPPI

USDA RURAL DEVELOPMENT HOMES IN MISSISSIPPI

FIND FORECLOSURES IN JACKSON AND SOUTHWEST MISSISSIPPI

FIND MORE FORECLOSURES IN JACKSON AND SOUTHWEST MISSISSIPPI

START YOUR PATH TO HOME OWNERSHIP TODAY

MISSISSIPPI HOME OWNERSHIP TOOLS

FHA 203K

Your Home Purchasing or Refinancing & Renovation Tool

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

FANNIE MAE HOMESTYLE

The Conventional Alternative to FHA 203K

Great for Real Estate Investors and Second Home Renovations

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

USDA RURAL DEVELOPMENT

Up to $10K for Home Improvements, Renovations or a Simple Remodel

Mortgage Loan Officers, Real Estate Agents & General Contractors are ready to assist you

A SIMPLE HOME SHOPPING INSPECTION TOOL

Organizing your home shopping experience affords a wise decision-making process.

This simple home inspection tool makes your ultimate buying decision a smart one.

To print this document click on “Open in New Window” located at the lower right corner;

click on “File”; then click on “Print”. In the center of the screen you will

have the option to “Create A Printable PDF of the Presentation”.

START YOUR PATH TO HOME OWNERSHIP TODAY

Adams County

Natchez Clifton Heights Historic District Estates Downtown Estates Duncan Park Estates

Amite County

Centreville  Crosby

Claiborne County

Port Gibson

Copiah County

  Beauregard  Crystal River  Georgetown   Hazelnut   Wesson

 Franklin County

Buda  Meadville  Roxie

 Hinds County

Bolton Clinton  Edwards  Jackson Belhaven Estates Belhaven Heights Estates Broadmoor Estates Brookhollow-Cedars Estates Colonial Circle Estates Colonial Heights Estates Eastover Estates Ferncreek Estates Fondren Estates Hanging Moss Rd Estates Heatherwood Estates Highland Village Estates Kirkwood South Estates Lexington Estates Little Europe Estates LOHO Estates Manhattan Park Estates Meadowbrook Hills Estates Meadow Oaks Estates Midtown Estates North Jackson Estates Norwood Estates Oak Hill Drive Estates Old Canton Estates Quail Ridge Estates Ridgewood Park Southeast Estates Riverwood Estates Robinson Road Estates Robinson Road South Estates Sheffield Estates Sherwood Forest/Audubon Estates Swan Lake Estates The Village Glen Estates TraceWood Estates Twin Lakes Circle Estates Virden Estates West Jackson Estates West Park Estates White Oak Creek Estates Willowood Subdivision Woodlea Estates Learned Raymond Terry Utica

Issaquena County

Mayersville

Jefferson County

Bassfield  Prentiss

 Lawrence County

Monticello   New Hebron  Silver Creek

 Lincoln County

Brookhaven

Madison County

Canton Flora Madison Ridgeland Beaver Creek Estates Bridgewater Estates Dinsmor Estates Greenbrook Estates Highland Cove Estates Lake Meadow Orchard Estates Montrachet Estates Northpark District Estates Old Agency Village Estates Planters Grove Estates Shadowood Estates Township at Colony Park Estates Trace Ridge/ Trace Woods Estates

Simpson County

Braxton  D’Lo  Magee  Mendenhall 

Sharkey County

Anguilla  Cary  Rolling  Fork

Warren County

Vicksburg  Fairways/Oak Ridge Estates  The Highlands Estates

Turning Leaf/Little Wood Estates

Wilkinson County

Woodville

 Yazoo County 

Bentonia  Eden  Satartia  Yazoo City Sunset Dr-Wildwood Terrace

Join us at Real Estate Social

Comments are closed.