| Logan says...
My mom & dad want to be your real estate agents! CONTACT MIKE: Instant Message, Skype, Email, or Call: CLICK HERE - Even meet me "face to face" via webcam! Office Phone: 515.633.8877 Recent press about Mike Davis at KCCI Channel 8 WEBSITE MENU
CONTACT US: Instant Message, Skype, Email, or Call: CLICK HERE - Even meet us "face to face" via webcam! Office Phone: 515.633.8877
The Mike Davis Real Estate Team
Mike Davis - Realtor
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| Des Moines Real Estate : Buyers : Iowa First Time Home Buyers |
I
do all kinds of real estate transactions; but I REALLY love working with
first-time buyers, and it's what I specialize in. It's a great feeling for
me to give someone the keys to their very first home!
Does buying a home with ZERO down payment sound crazy?
Well, it's not. It happens all the time, and it's becoming more and more
common. Here are some questions that people ask me about zero down payment home
loans:
(NOTE:
To find out if you qualify for the zero down payment program, go to our
Des Moines Home Loan page.
It's free!)
Question: Do I have to have good credit to get a low or zero down payment home loan?
Answer: While your credit certainly does not have to be perfect, these
loan programs generally require somewhat good credit.
Question: Are the rates for these home loans higher than other loans?
Answer: Usually not. The rates for low down payment home loans are
usually very competitive with high down payment home loans.
Question: What about "closing costs"?
Answer: Everyone has to pay closing costs, but I am almost always able to
negotiate for the seller to pay most of those for you, to keep your up-front
costs as low as possible. In fact, some of my buyers have even received
money back at the closing.
Question: Does it help if I have a little money?
Answer: Sure! There's another program called an FHA home loan mortgage that only requires 3% down, and I can still have the seller pay your closing costs in most cases. This program usually allows you to get a lower payment for the same price of home. Both programs, however, are excellent. (NOTE: To find out if you qualify for the zero down payment program, go to our Des Moines Home Loan page. It's free!)
Question: So what if down payment is not an issue, and you would rather get that interest rate down as low as possible?
Answer: Well, there's a great program called IFA (Iowa Finance Authority) that allows you to do that. The qualifying details change a lot. Contact me for more information on this low interest rate home loan.
I look forward to helping you own your next home.
To search ALL listed homes for sale in the Des Moines area, go to our Des Moines Iowa Real Estate search page, or our Des Moines MLS search page.
