Housing Affordability

• Is home ownership something you have always dreamed of but you feel like you would never qualify for a home loan?
• Are you always wondering how other people get qualified for a loan or come up with the down payment to buy a house? 
• Are you looking for a way to get into a home with little or no money down but just don't think it's possible? 

Think again! The good news is very few people actually come up with the "20% down" you hear of and the other awesome news is that there are so many programs out there that can get you into the house of your dreams! First, I recommend getting the app CreditWise - for free! - to monitor your credit. Or you can sign up here. The better credit you have, the better chance you have to get a great interest rate and a great program with little or no money down on the house. And by "little or no money down", I mean as low as as 1% down or even get money back!!

Then, contact either your credit union/bank or a great local lender (I have a few awesome recommendations later in this post) to talk about your home loan. If the loan officer says you don't qualify right away, ask them what you need to do to qualify. For example, they may say you need to bring your credit score up by 50 points (this is where CreditWise comes in), or you need to finish paying off one of your credit cards. Whatever the issue is, you can work through it together. Maybe you have no issues and you qualify right away. The loan officer will tell you "how much house", meaning the amount, you qualify for. If you want to know right now, you can also do a quick check here. 

Here is a great example of a program provided by Guild Mortgage that allows a home buyer to put only 1% down:

This program, offered by Movement Mortgage, doesn't require a down payment and even offers a grant of up to 3% from Movement towards your down payment for those who qualify! 

There are so many options out there if you just take the time to look! Don't give up on your dream of home ownership because you are afraid of being turned down for a loan or because you think you don't make enough! In fact, many of these programs are put in place specifically for lower-income households. Take advantage of the opportunities that are being provided! 

Contact one of these amazing lenders today and see what your opportunities are!

Ashley Huegi, Mortgage Consultant

   Paramount Partners
   530.417.4931
   ahuegi@paramountpartnersgroup.com

Stephany Kuennen, Branch Manager

   Guild Mortgage

   916.714.1430

   skuennen@guildmortgage.net

Genie Tompkins, Branch Manager/Loan Officer

   Movement Mortgage

   916.307.6872

   genie.tompkins@movement.com

Email me at sarah@sarah-ratliff.com with any additional questions! I am happy to help. 🏡