Buy a Home with Little to No Down Payment

If you are renting for $2,100 a month in 3 years you would have spent in rent $75,600 and in 10 years $252,000. For the same $2,100 a month you can buy a $300,000 home and the same payment will include principal, interest, taxes and insurance. The after-tax cost of a home loan and the property taxes actually make it less than the cost to rent.
  • Want info on how to have your closing cost covered?
  • Want to know how all you may need for a down payment is what you pay for a security deposit?
  • If your FICO is 620 or higher, you could qualify
  • In the above scenario, combine yearly income  to qualify is $64,300