Learn How to Buy a Home in North Providence For No Money Down
Wondering how to buy a home in North Providence for no money down? Expensive down payments can make it hard for anyone to purchase a home, especially home buyers entering the housing market for the first time.
Fortunately, there are financial assistance programs available to help home buyers purchase a home for little to no money down.
In this post, our realtors at Your Home Sold Guaranteed Realty – The Nathan Clark Team will cover two types of down payment assistance programs. For more in-depth information, download our free guide “How to Buy a Home With Little Or No Money Down,” by filling out the form below.
Down Payment Assistance Programs For First-Time Home Buyers
First-time home buyers often face a much harder time breaking into the housing market. This is because they are usually paying rent, rather than saving that money for their down payment.
There are many financial assistance programs available to help first-time home buyers who are caught in this situation. These programs make it easier to buy a home in North Providence for no money down or a much smaller down payment.
Worried that you’re not a first-time home buyer? You might technically qualify as one as long as your name has never been on the deed for a home. For example, this may be the case if your spouse’s name is the only one on the deed.
Ultimately, the best way to find out what you qualify for is by consulting with an experienced realtor in North Providence, Rhode Island. Realtors are knowledgeable about down payment assistance programs in the area.
Down Payment Options For Veterans
Another way to buy a home in North Providence for no money down is if you’re a veteran. VA home loans offer down payment assistance to eligible veterans. To qualify, you may need to meet several requirements. These include:
- 90 consecutive days of active service during wartime
- 181 consecutive days of active service during peacetime
- More than six years in the National Guard or Reserves or at least 90 days under Title 32 orders, with at least 30 of those days being consecutive.
There are also other scenarios where you might qualify for a VA home loan. For example, if you:
- Were discharged from the service connected to a disability
- Are the spouse of a service member who died in the line of duty
- Have a disability from a service-related injury
In addition to service qualifications, keep in mind that traditional financial requirements may be in place, such as a good credit score. Be sure to check with your local VA office to see what the exact requirements are in your area.
Our Team Can Help You Buy a Home in North Providence For No Money Down
To learn more about how to buy a home in North Providence for no money down, be sure to read our free guide on “How To Buy A Home With Little Or No Money Down.”
And when you’re ready to take the next steps in the home-buying process, our award-winning real estate team at Your Home Sold Guaranteed – The Nathan Clark Team can help. We have years of experience helping home buyers purchase a home for little to no money down.
On top of that, we offer several buyer’s guarantees, such as our Buyer Protection Plan, that make the home buying process as easy and risk-free as possible.
Our proven track record of results speaks for itself– but don’t take our word for it. Check out what people are saying about our real estate team here.
To learn more about working with us, or to download our free guide, give us a call at 401-288-3557 or fill out the form below. Get ready to start packing!