Your Home Sold Guaranteed Realty — The Nathan Clark Team

Buy a Home For No Money Down in Providence With a Top Realtor

No Money Down in Providence

Learn How to Buy a Home in Providence For No Money Down

Curious about how to buy a home in Providence for no money down? It’s no secret that down payments can be expensive. Many home buyers struggle to afford them, but especially first-time home buyers, who have to pay rent while they save up.

What many home buyers don’t know is that they may qualify for financial assistance programs that can help them purchase a home for little to no down.

In this post, our realtors at Your Home Sold Guaranteed Realty – The Nathan Clark Team will briefly discuss two of these 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 at the bottom of this post.

Down Payment Options For Veterans 

One way to buy a home in 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.

Down Payment Options For First-Time Home Buyers

If this is your first time buying a home, you can take advantage of government programs that let you buy a home in Providence for no money down, or at least a much smaller amount.

These financial assistance programs aim to help people enter the housing market who otherwise wouldn’t be able to afford to do so. For example, many first-time home buyers are stuck paying rent, which makes it harder for them to save up for a proper down payment.

Even if you’re already living in a home, you may still technically qualify as a first-time home buyer if you aren’t the home’s owner. This may be the case if your spouse’s name is on the deed but yours isn’t.

Ultimately, the best way to find out what you qualify for is by consulting with an experienced realtor in Providence, Rhode Island. Realtors are knowledgeable about down payment assistance programs in the area.

Our Team Can Help You Buy a Home in Providence For No Money Down

To learn more about how to buy a home in 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!

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