It’s no lie, the housing market has been wild. If you’re a first-time homebuyer, don’t lose faith in finding your first home. You have options. Sometimes thinking outside the box can lead you in the right direction. Here are a few things to consider:
Have you crunched the numbers yet to see how much you can afford? If you’re unsure of your magic number, reach out to the experts at Greenway Mortgage. We’ll look at your finances and assess what you can borrow.
Consider a Condo or a Townhouse
Condos and Townhouses make great starter homes. In fact, they’ll help you build equity to fuel a move when you’re ready!
Expand Your Radius
Widening your radius to include nearby neighborhoods or communities can help you find a hidden gem.
Weight Your Must-Have and Nice-To-Haves
Not finding the perfect house? Take another look at your desired features and see if any are nice-to-have instead of essential. Work with your trusted real estate agent and let them know what your wants and needs are.
Greenway Mortgage is Here To Help Guide You!
As a first-time homebuyer, there are a variety of different mortgage programs available to you. Some include:
- No Money Down FHA Loan
- NJ FHA Down Payment Assistance Program
- Conventional 97 First-Time Home Buyer Program
- The HomeReady Program
- FHA Mortgage
- Monmouth County, NJ First-Time Home Buyer Program
We also have a variety of tools and resources to help you through your home buying journey. Whether you’re just starting to save or you already have a house in mind, we can help you get your keys to your first home.
- Free First-Time Buyer Guide: Learn how to navigate the entire home buying process from pre-approval to closing and beyond!
- Home Buying Comparison Chart: Be sure to take this handy chart along with you during your home search.
Your first home is out there. Work with your real estate agent and loan officer to stay up to date on all your options and to find out what other first-time homebuyers are doing to find their dream homes.
Reach out when you’re ready to take the next step! We are here to help.