Many renters think they don't have enough money to buy a house, but in reality, if you're paying around $1,800 a month in rent, you may be able to qualify for a mortgage and buy a home!
Owning a home has many benefits, one of which is that your monthly payments go toward something valuable: building equity in your home. When you are renting, your money isn't benefiting you at all; it's just making your landlord richer.
FHA loans are designed to make homeownership more accessible, so they're often an excellent option for those with less-than-perfect credit. To qualify for an FHA loan, you typically need a credit score of at least 500. The minimum score required depends on your down payment amount.
Many renters think they don't have enough money to buy a house, but in reality, if you're paying around $1,800 a month in rent, you may be able to qualify for a mortgage and buy a home!
Owning a home has many benefits, one of which is that your monthly payments go toward something valuable: building equity in your home. When you are renting, your money isn't benefiting you at all; it's just making your landlord richer.
FHA loans are designed to make homeownership more accessible, so they're often an excellent option for those with less-than-perfect credit. To qualify for an FHA loan, you typically need a credit score of at least 500. The minimum score required depends on your down payment amount.
Seller financing and other options might be avalaible for the right individual for a wonderful home in Waterbury CT