Having Trouble Saving For Your Down Payment? This May Help!

Let's see if this scenario applies to you:

• You are a renter
• You pay your rent on time every month, along with the rest of your bills
• You have decent credit
• You live comfortably at your current rent, but have difficulty saving money

Many people in this situation really want to buy but have trouble saving money- and that does not mean that they cannot afford to buy or are not good candidates for home ownership.

I recently learned of a program offered by Lauren Morris at Ambeck Mortgage in Modesto to help people specifically in this situation. It is called the Platinum Program, and it offers a 3 percent grant to buyer to use towards their required minimum 3.5 percent down payment on FHA loans. This means as a buyer you only have to come up with .5 percent of the purchase price ($500 on a $100,000 purchase for example). As the buyer you end up with a 30 year fixed FHA loan, and since the money is a grant (gift) it never has to be repaid.

Since values in our area are so good right now, may people can find a home as nice or nicer than the one they are renting and pay the same or LESS than their previous rent!

If this is of interest to you, please contact me and I can forward you more information on the program and the contact info for Lauren. To get your property search started NOW click HERE!