First time buyers are the winners in this market!

We have many examples lately of the great deals first time buyers are getting in this market. The most recent one really warms my heart, as I know these kids are getting a great start on their financial future. They did their homework and realized it was smarter to buy right now as opposed to renting. The apartment they were looking to rent was $700 per month. Calculating what their payments would be if they bought, the realized they could own their own place for about the same amount. With the USDA Guarantee loan program available here in Galt, there is no down payment required. We found a property where the seller agreed to pay the closing costs and in a few short days these kids will own a fabulous 2 bedroom, 2 bath home, with a 2 car garage with virtually nothing out of their pocket. With a rental you’d at least have first and last months rent!! They will own the home, have the tax deduction for their mortgage interest AND get the $8,000 first time homebuyer federal tax credit. The best part? Their monthly payment including taxes, insurance and everything, is only $718.00 per month! To rent this same home would cost at least $895! These are smart kids who will go far in this world and we’re so happy to help them with this first step! Congratulations!
If you know anyone who would like to find out about all the first time homebuyer opportunities now available, send them our way! We are so happy to help them!