First Time Buyer? Dreaming Of Purchasing Your Own Bozeman Real Estate?
Tired of shelling out rent for Bozeman homes, condos and town homes, or apartments that don’t feel like yours? Take heart. Changing from renter to Bozeman home owner may be easier than you think. I’m here to help you in your Bozeman real estate search. So, where do you begin?
First, Learn Financing Basics
Get pre-approved and I will help you become a smart Bozeman real estate shopper.
When you buy your first Bozeman, Montana property, making monthly payments probably won’t be a problem. After all, you’re already paying rent to your landlord each month. It’s coming up with the lump sum needed for a down-payment that may seem impossible. Fortunately, there are options to make in choosing one of the many Bozeman, Montana homes available to you in the present Montana buyer’s market.
Programs For First-Time Home Buyers
There are several local and federal government programs that help first time buyers to get into the Montana real estate market.
Your lender. Your bank or credit union may help as well. Are you debt free and own something free and clear, like a car? Your lender may lend you the down-payment by securing the property against this asset.
Private contracts. Look for a seller to help you buy and finance your Montana home. Some sellers are willing to carry the contract themselves and will waive the down payment. You may only have to pay the monthly mortgage installments.
Bozeman’s Human Resource Development Council – HRDC Affordable Housing Initiative has assistance programs for first-time home buyers.
The United States Department of Agriculture USDA provides home ownership possibilities to Montanans living in rural communities. USDA programs offer Lender and Housing Development Opportunities, too.
The State of Montana Housing Division has assistance for Bozeman home buyers and home owners, ensuring Montana’s hard-working families and communities have safe and affordable homes.
The United States’ Department of Housing and Urban Development offers first-time Bozeman home owners HUD FHA Loans through the Federal Housing Administration.
Need Financial Solutions?
Credit or tax problems? Do you have problems with your credit rating or owe money in taxes? Buying your first home is still a possibility. Check with your lending institution about options, such as paying a higher down-payment. I can recommend a few, if you would like, but, ultimately, the choice of mortgage lenders or other real estate financial options is yours; be smart, be savvy, be wise.