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Do you want to buy a house?

Updated on December 4, 2015

Have you been renting for too long and never seem to be able to save up the money for a down payment and closing costs?

If you have low to moderate income, you might be able to use one of the many programs available to help with your down payment and closing costs to become a home owner!

Your local government typically has Down Payment Assistance (DPA) programs available.

Most cities, counties, rural areas and even states offer assistance to help lower to moderate income families buy a house giving you funds to pay for down payment and closing costs. Families with very low incomes can sometimes get even more money to buy a house. Foreclosed properties can save you quite a bit of cash especially if you’re handy. Or, if you are a teacher, a policeman, a fireman or an EMS, you can get 50 percent off of the price of a house.

Even with financial assistance, the process of purchasing a home is kind of scary. I’ll be the first to admit it. Most first time home buyers give up before actually closing the sale. The process of buying a home is lengthy and involved and to be quite frank, it’s intimidating. The process can make you want to run away or even cry because of the ultimate frustration of it all. This book will help you to avoid all of that or to understand what’s coming so that it’s not such a surprise.

I just bought a foreclosed HUD home and the odds were stacked against me from the start. If I can do it with all of these obstacles, you can do it, too.

Where to Start the home buying process!

“So many people dream of owning a home, but oftentimes aren’t able to save up the money for closing and down payment costs or don’t have any idea of where to begin the home buying process. This book will take you step-by-step through the home buying process to make it easier,” says M.G. West.

Answer these questions to see if you qualify to buy a house

So, if you’ve ever thought about buying a home, but just can’t afford the down payment and closing costs, I’m here to tell you that there are programs available to pay for those costs.

Answer the following very important questions so you’ll know if you qualify to buy a house before you even start the process.

1. Who qualifies for the programs? Do you have to be a first-time home buyer?

2. What kind of house can you buy? Price range?

3. What does your credit score have to be?

4. How long do you have to be at your job?

5. What are the requirements if you’re self-employed?

Money to help with down payment and closing costs

Most people don’t know that there are many sources for low or no cost financial assistance that help with your down payment and closing costs. In my experience few realtors actually know about the programs. This book will locate the sources for down payment and closing costs assistance and explain the low down payment home loans available to you including grants that do not have to be repaid.

There are also Individual Development Accounts. This type of program will match the money you save for a down payment. For example, when you put in $2,000, they’ll match that money so then you’ll have $4,000 to put toward purchasing your home. There are thousands of dollars available to you from many, many programs in the United States.


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    • NikaWest profile image

      NikaWest 2 years ago from Sunny Florida

      Thanks Reynold. I do love owning. The foreclosure was quite a bargain!

    • Reynold Jay profile image

      Reynold Jay 2 years ago from Saginaw, Michigan

      You did well with the foreclosure I would bet! I would also bet you never lease or rent from this point. I was always a buyer all my life--ever rented. Good sound advise in your HUB!!!

    • NikaWest profile image

      NikaWest 2 years ago from Sunny Florida

      Owning my own home is AWESOME. It was a foreclosure, too. This book will give you some insights into foreclosed homes as well.