Learn How to Buy a Home in Warwick For No Money Down
Wondering how to buy a home in Warwick for no money down? Many home buyers think they won’t be able to find a good home unless they put down a hefty down payment. However, this isn’t an option for every home buyer, particularly first-time home buyers.
Luckily, if you’re looking for ways to save on your down payment, there are a few options. In this post, our team at Your Home Sold Guaranteed Realty – The Nathan Clark Team will discuss what these options are.
For more information, take a look at our free guide on “How to Buy a Home With Little Or No Money Down,” available for download below.
How First-Time Home Buyers Can Save On a Down Payment
If you’re a first-time home buyer, you have the best chance to buy a home in Warwick for no money down or at least a much smaller amount.
Many first-time home buyers qualify for government programs that are designed to make it easier for people to enter the housing market.
Worried you might not be a first-time home buyer? You may still qualify even if you currently live in a home. For example, if your current home is registered under your spouse’s name. As long as your own name isn’t on the deed, you may still potentially qualify for first-time home buyer programs.
Ultimately, the best way to find out what you qualify for is by consulting with an experienced realtor in Warwick, Rhode Island. Realtors are knowledgeable about down payment assistance programs in the area.
How Veterans Can Buy a Home in Warwick For No Money Down
VA loans are backed by the federal government and are a great option to help veterans buy a home with little to no down payment.
To qualify for a VA loan, you must have served any one of the following:
- 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.
You can also qualify if you are:
- Discharged from the service connected to a disability
- 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 requirements, your credit score will have a role to play in qualifying for the loan.
Our Team Can Help You Buy a Home in Warwick, RI
To learn more about how to buy a home in Warwick 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.
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!