Government funds of up to $25,000 available to assist first-time home buyers

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If you are considering buying your first home you may very well be asking yourself if now is the time, have prices bottomed out and trying to weigh the risks of buying a home versus the rewards.  Well, if this is the case, allow me to give you some things to put on the “rewards” side of the equation….

For starters, with mortgage rates at historic lows, your monthly mortgage payment in most cases should be much lower than what you are currently paying in rent!   Remember this…”Your Landlord says Hi…& Thanks You for Paying His Mortgage.”  Also, we have seen flexibility from sellers on negotiations and most are helping in paying for the buyers closings costs…so that just leaves the down-payment, and that may not be as much as you think…… Continue reading “Government funds of up to $25,000 available to assist first-time home buyers

Housing Resource Fair Offers Help to Potential Home Buyers

Beyond Housing is hosting a housing resource fair tonight at the University of Missouri-St. Louis campus and there will be over 25 local lenders and agencies there to help potential home buyers be aware of programs and resources that are available to help them become homeowners.  Included in the program will be information on the Neighborhood Stabilization Program (NSP) through St. Louis County, a program that  Dave Schott has used to help many people become  homeowners and had an opportunity to share information about on Fox 2 news this morning.  Check out the video below for more information or contact Dave using the contact form. Continue reading “Housing Resource Fair Offers Help to Potential Home Buyers

Down-payment funds available to qualified home-buyers under NSP Program

The Neighborhood Stabilization Program (NSP) was established as a result of the Housing and Economic Recovery Act (HERA) of 2008.   It’s purpose is to allow state and local governments to purchase and redevelop abandoned or foreclosed properties in areas in the greatest need of help.

The NSP program is designed to help low, moderate, and middle income families purchase REHABBED foreclosed homes and stimulate the economy. This is a middle income housing program that has an income limit for buyers at 120% of the Area Median Income.  It is important to note that NSP is not just for first-time-home buyers- you can be a homeowner looking to move up or to downsize—but NSP does require that this be your primary residence (sorry, no investors). Continue reading “Down-payment funds available to qualified home-buyers under NSP Program