October 2019 Real Estate News
TO FIND AN OPEN HOUSE IN GLENVIEW IL NORTHBROOK IL OR MORTON GROVE IL
Are you buying a home in any of these communities? Check out this Market Tracker.
In this month’s October 2019 Real Estate News, learn five way to buy a house with little to no downpayment, deciding between remodeling or moving, the hottest front door trends for autumn, and tips to cozy your home up for fall. Read the newsletter to learn more about the housing market including why affordable homes are in short supply in spite of homes sales being up. All of this and more in the October 2019 Real Estate News.
Five Ways to Buy a House with Little or No Money Down
Many people believe that you must have a huge down payment saved up to get your foot on the property ladder. However, this is not the case. There are a number of programs in place that will allow you to buy a home with little or no money down.
VA Loans
If you’re active-duty military or were honorably discharged, the U.S. Department of Veterans Affairs (VA) has a no-money-down program that’s worth a look. The qualification process is straightforward, and unlike private lenders, the VA doesn’t require mortgage insurance, which can be a major expense depending on the size of your loan.
USDA Loans
If you’re not in the military, consider the U.S. Department of Agriculture (USDA), which runs a no-money-down program for low-to-moderate income homebuyers in rural and suburban areas nationwide. Unlike the VA, the USDA requires mortgage insurance in the form of an upfront fee and an annual amount, but both can be rolled into the loan and paid monthly.
October 2019 Real Estate News
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Marina Jacobson
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