More and more I’m seeing social media posts asking if anyone knows about an affordable single family home for rent in the Four Corners area. Rental rates in apartment complexes are constantly rising and if you are lucky enough to find an affordable single family home, you run the risk of the owner raising the rent or cashing in and selling the property leaving you scrambling. The chances of an owner selling their rental is high right now since our area is currently in a seller’s market. Especially if the home that is being sold could be considered as a starter home. With new home construction flooding the Four Corners market, starter homes are perfect for those who would like the security of owning their own home, but can’t afford the high cost of new construction.
With a little planning you don’t have to scramble. Did you know that in most cases you can lock in a monthly mortgage payment that is less than what you are currently paying in rent? You read correctly.
One of the biggest hurdles people face when starting the home buying process is securing a loan. If you have a credit score on the lower side or don’t have any money to put down you may not be able to qualify for a traditional bank loan. Don’t be discouraged. There are non-traditional loan options out there that may work for you.
My favorite option that is helping many families enter the world of home ownership is The Neighborhood Assistance Corporation of America or NACA. This program works with you and helps you purchase a home with no down payment, no closing costs, no fees, no requirement for perfect credit, and at a below market interest rate. Sounds too good to be true, right? Before you make up your mind, contact me so that I can give you the information that you need to get you started on the path to home ownership today.