With the housing market the way it is many buyers are just plain scared off the market from buying a home. There's the fear they may not be able to afford a home in the future or the risk that they just might not be able to afford a home now. But there are plenty of programs still being offered especially for first time home buyers and those searching in the Ruidoso real estate market.
Our buyers agents help first-time buyers and those that may have had a few bumps in their financial record weigh their options and decide if home buying is right for them. The government has implemented a program from the USDA side that helps buyers find and purchase a home with little to no money down. The catch though is that the home must be in a certain condition and perhaps an area that is under the qualifications.
For details on these programs CENTURY 21 urges our clients to find a lender they trust and feel comfortable with to discuss options. Each person's financial situation is different and may qualify for different programs. There are still options to buy zero down homes in Ruidoso New Mexico and the restrictions are getting less intense. Lenders simply don't want to be in the same situation they were just a year or so ago with too many home owners defaulting on their loans. If you have been consistent in paying rent and can pay the same or a little more each month in a mortgage payment then you should definitely discuss your options with a lender.
CENTURY 21 Aspen Real Estate offers many choices and recommendations when it comes to lenders we like to work with and have built a reputable relationship with. It is still your choice to whom you decide to work with. Shop around and get some idea of current rates, fees and choices in loans. You may be surprised as to what you can afford.
Lenders still want to loan money. They simply want responsible homeowners that pay their mortgage on time. If you can do this, it may be a great time to find a home in the Ruidoso real estate market.