Was it in a desirable location? Our tourist town went out of control with our of state buyers during the pandemic, but property values have adjusted back some and the market competition is gone. If you still have some of that $40k now might be a better time. My wife and I just did the federal First Time Homebuyers class and wound up getting a USDA rural development loan, they wouldn’t even let us put a down payment to lower our payments.
I am a skidmark that cannot believe that I live in a house that I “own”(have a mortgage). And I am so much less pessimistic about anybody’s potential to do what I did. I am happy to answer some questions. I make $22 an hour and my wife makes $17, the loan officer told me I almost make too much for the program.
Was it in a desirable location? Our tourist town went out of control with our of state buyers during the pandemic, but property values have adjusted back some and the market competition is gone. If you still have some of that $40k now might be a better time. My wife and I just did the federal First Time Homebuyers class and wound up getting a USDA rural development loan, they wouldn’t even let us put a down payment to lower our payments.
I am a skidmark that cannot believe that I live in a house that I “own”(have a mortgage). And I am so much less pessimistic about anybody’s potential to do what I did. I am happy to answer some questions. I make $22 an hour and my wife makes $17, the loan officer told me I almost make too much for the program.
Yes, at the time, I was hoping to buy in the Salt Lake Valley and it just wasn’t feasible. Thank you for the tip, I will read up on the USDA loans.