Buying a home in Austin is unlike buying a home in any other city. And if you’ve already completed a home search here, you understand a few things about the market that home buyers in other markets don’t get. If this is your first search, you might be looking for some insight. Our 5 Things Only Austin Home Buyers Understand will share insights from seasoned Austin home buyers to help with your search.
A lot of changes happened in the mortgage industry over the last ten years, but one “old school” idea that our clients can’t seem to shake is the idea of 20% down. Most of the young, hopeful home buyers we talk to still tell us that their dreams of home ownership will never happen because they can’t afford to put 20% down on their dream home.
The good news for them, and you, is that there are many loan programs available today that require less than 20% down payment. So, if you don’t have a large nest egg saved up, or you just don’t want to let go of all your cash, you can still buy a house.
In fact, certain loan programs will allow you to put down between 0-3.5%. An experienced mortgage professional can help you figure out which of these programs you might qualify for.
So if you are tired of spending money on rent, and thinking about buying a house – don’t write it off just yet. Talk to a lender and see what programs are out there. You might be ready to buy a house sooner than you think.
Thinking of Buying a Home in Austin in 2018? Start Your Search Now
Our team of buyer’s agents has a combined 58+ years of experience representing buyers. We can help you avoid all of the mistakes and negotiate a great deal on your behalf. We believe home buying should be about counseling you to find the right house for you and your family, not hard selling you the most expensive house you can afford. To learn more about our team, check out our Austin Home Buyers page. Then, fill out our Buyer Survey, email us at mailto:info@11OaksRealty.com or call us at (512) 827-8323 to schedule a no obligation consultation. Remember, hiring a Buyer’s Agent costs you nothing!