Is it your first time? Because if it is, it just got easier! (Oh yeah, and if it’s not your first time, we can pretend)

Are you a first timer? Do you want to be?

Today Fannie Mae, a government entity that helps ensure that Americans can become homeowners, announced an improved option for qualified first-time home buyers, which allows them to buy with as little as a 3% down payment. On a $150,000 home purchase, that is less than $5,000 down and with today’s interest rates, your monthly payment would be around $1,000 (including Principal, Interest, Taxes and Insurance [PITI]). You still have to meet their standards of income and credit, and really, that’s just because they want you to be able to keep the home that you buy.

Two important things to remember; 1. A “first-time homebuyer” (in their eyes) is someone who has not had a mortgage in the past two years. (pretty cool, huh?) 2. The down payment can be a gift from a family member.

You can read more about the announcement here on Fannie Mae’s web site;
http://www.fanniemae.com/portal/about-us/media/corporate-news/2014/6203.html

Would you like to search for your first home? Click the link below to search for single family homes between $125,000 and $175,000 in Southwest Las Vegas
http://goo.gl/oG0Fe6

Would you like to find out if you qualify for this 3% down program?
https://www.my-loan-application.com/SecureLoanApp_Step1.cfm?org=2079&cli=18192

Author: The Jeff Howard Group powered by Keller Williams Realty Las Vegas

I moved to Las Vegas in 1993 and I have been investing in Real Estate since 2003. I believe in creating win-win scenarios whenever I buy or sell any real estate. Although, I live in Las Vegas, I have had interest in real estate in Idaho, Ohio, South Carolina, Rhode Island, Massachusetts and Nevada. Contact me today if you want to invest in Las Vegas. As your realtor, I will help you find outstanding investment properties here.

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