Do i need to be skeptical of Very first-Date Owning a home Software?
Now I confronted by an agent (A consumer associate, apparently). I became expecting to discuss rescuing up a genuine down payment, and you may birth brand new search for a property a bit the following year.
Rather, she is actually extremely thrilled for people. All she knew try that we made lower than 70k and had no down payment saved. She thinks she can get united states to your a property within this six months, in place of 2 years instance I had believe.
She brought me to a lender and wants us to look for when we can get pre-accepted for an excellent “special” home loan that’s :
- 100% Funded
- Up to $two hundred,000
- No PMI
- Having Earliest-Big date Homebuyers simply
- To possess Customers having Low to help you Modest Earnings
I was according to the perception you to FHA funds had been my personal merely solution, however, that it looks too good to be real. I will put up a meeting with the lender, but have a sense these include trying to set me personally up which includes style of predatory financing. Read More