Here’s how to overcome both hurdles and get into the home of your dreams this year.
Eight out of 10 renters would buy a home tomorrow if they could get down payment assistance or a lower mortgage rate, according to a recent social media survey of current renters.
Allen Edwin Homes asked current renters what would motivate them to become homeowners, and the responses were loud and clear: 57% said extra cash for a down payment and/or closing costs, while another 23% said a lower interest rate. In response, the homebuilder with communities across Michigan is working with its preferred lenders to help renters overcome those obstacles and buy the home of their dreams.
New financing options and builder incentives on select quick occupancy homes are available now through March 31 . These incentives give a buyer up to $10,000 to cover closing costs or to lower their monthly payment. A “rate buy down” of the interest rate or putting down more cash up front can save a buyer thousands of dollars.
“I love introducing the idea of a new home to those who didn’t know it was possible,” said Kelly Lehman, a sales counselor with Allen Edwin Homes. “We look at the best fit for you, your budget, your needs and desires of a new home and see if we have a solution. We can often find something for each and every person that we sit down with.”
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