Reddit first time home buyer

Hello all! This is my first post on Reddit so I apologize for any spelling formatting or grammar mistakes, I am also on mobile. My fiancé 23(m) and I 22(f) are planning on hopefully purchasing our first home this coming year. We would be first time home buyers, and in addition to that the first home owners in either of our families.

May 31, 2023 ... Unless you're paying cash, talk to a lender and get preapproved first. Make sure when you're budgeting you take into account taxes, insurance, ...A Reddit first-time home buyer is defined by most government and nonprofit programs. The word, however, can be deceptive. If you haven’t owned a home in the last three years, you’re considered a first-time home buyer. Even if you’ve previously owned a property, you may still be qualified to participate in some first-time home buyer ... Early 2021 - Thought about buying house with potential date of early 2022 March 21 - Registered for the initial Homebuyer's Workshop given a date of May 22 May 22 - Attended Workshop July 8 - First Intake Counseling Session; met mortgage counselor who gave some minor requirements before approval July 14 - Follow-up session with counsellor. First time home buyer programs for non-low income in Texas/DFW? I live in DFW with my husband and we're looking to become homeowners. I've been trying to find any programs that can help with the process as I've heard that there are programs for first time home owners but we make too much money.First time home buyer Questions. I've been working for a year out of college and have about 50k in cash saved up and make 80k/year before taxes. I'm hoping that will be enough for a down payment on a townhouse (<300k) but I'm just lost and confused at this gigantic task before me. What resources would you guys recommend for first time home ...We put 3.5% down. Our escrow is lower than the cost of our rent from our mediocre apartment last year. We went from 2200 a month to our landlords to paying $1900 a month towards our escrow and an extra few hundred a month towards principal.NOVA includes Prince William County and Loudon County, whose far west and far south areas include plenty of townhouses for under 400K. Condos are much less at ~200K. So open up Zillow, put in your max price filter, and zoom out. gordo0620 • 10 min. ago. 4 bedroom, 3.5 bath, garage, end unit in PWC, $430K.

First time home buyer stress. Okay so my husband and I will be first time home buyers soon and I literally cannot handle the stress. We both work full time and I am constantly answering texts and calls during work about the house- some of which send me into a mental spiral of panic, confusion, and fear that we will not be able to afford our ... Hello! I've been thinking about buying a first home in 2024 and hearing about mixed sentiments around a looming housing market crash. What I've noticed a lot is that people in favor of 'yes' make an analogy to 2008 housing market crash, and the other people in favor of 'no' make an analogy to 1981 where the interest rate hiked over 18%. The ultimate subreddit for everything a first time home buyer NEEDS to know. A subreddit for Millennials also known as Generation Y. We are the largest demographic currently alive that were born from the years 1981 to 1996. (or 1980 to 2000 in the absolute loosest definition). This community is a place to hang out and discuss content related to ... The ultimate subreddit for everything a first time home buyer NEEDS to know. A subreddit for Millennials also known as Generation Y. We are the largest demographic currently alive that were born from the years 1981 to 1996. (or 1980 to 2000 in the absolute loosest definition). This community is a place to hang out and discuss content related to ... Are you considering bringing a Dalmatian puppy into your home? These adorable and energetic dogs make great companions, but it’s important to do your research before making a purch...

Think before buying a home at your max loan amount because the higher the loan the bigger the monthly payment and the larger a deposit you will need. Down payment on a house is usually 20% of the total loan amount depending on where you live. FHA and VA loans might be different. Looking for a house: Never buy a house the very first time you ... by koala5643. First-time home buyer! Is 5.29% a good rate for 2022? **EDIT: 5.49%, not 5.29%! Just got pre-approved from Chase for $350k* for a condo in Chicago. They've offered a 5.29% interest rate on a 30-year fixed loan. Our annual gross income is about $125k, and we carry no debt. My credit score is 740-799 range and his is 800-850 range.Yes, most mortgages require it. Go to a broker or call a direct-sales insurance company and set up a policy starting on your completion date. Schill Insurance (I think they have two Coquitlam locations) is a good broker for home insurance. There are also some direct-sales companies such as TD Insurance and ScotiaLife.1. Thinkwronger12. • 1 yr. ago. In a sellers market, FHA offers are often eschewed for offers that have more stable financing and don’t require an assessment that could kill the deal. An FHA offer is looked at with some suspicion because on the whole, they are less likely to successfully close on time.Bought a $165k house on a 60-70k income in 2014. Step 1: start saving. Not just for a down payment, not just for closing costs but because houses have operating costs that you can't imagine. Expect to spend 1 to 2% of the cost of the house each year on maintenance. Let's say that the difference is $75.00 a month. The DPA program is giving you $6,000. Take 6000/75=80. That is 80 months or 6.666 years that it will take you to recuperate/save the $6k you received from the bank. keep in mind that a first time buyer stays in their home for about 7 years and then sells.

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First time home buyers here as well! We submitted an offer on a house that had showings stacked 3 couples deep. We had our showing set for 6 PM the day after it hit the market, and 2 other couples had showings at the same time. The market here is hot due to the extremely good public schools and job market.grumpyITAdmin • 2 mo. ago. Yeah, never EVER waive the home inspection. Your realtor was wrong to advise you to waive it, especially as first time homebuyers. I know how tough it is because I'm also in the market and I've lost 13 offers so far, some of them to people who waived inspections.Dec 10, 2022 ... I don't think you need 20% down these days but most will require at least 3%. You also might not realize that closing costs along can be better ...A first-time home buyer education course is a workshop that walks you through the process of how to buy a house. Some lenders recommend – and others may …Aug 17, 2023 ... Additionally, if the home appraises for higher than the selling price, you can even finance the closing costs. House I'm buying cost $145K, ...

First homeowners! GOT THE KEYS! 🔑 🏡. My partner and I closed on our cute little dream home right before Christmas 🏠♥️. Sort by: AutoModerator. Depends on the area and family size. I think long island, 2-3 person single family home capta the HHI limit around $126k. What county are you looking and how big is your family. Jmitch680 • 1 yr. ago. Oswego county and just me and my wife. Jmitch680 • 1 yr. ago. For Oswego county with a 2 person income, the limit looks to be $62,710.1. Start saving early. When calculating how much money you need to buy a house, consider one-time expenses as well as new, recurring bills. Here are the main upfront costs to consider when saving ...JumpKP • 7 mo. ago. The new law allows a taxpayer to designate an account they have with a financial institution as a first time homebuyer savings account. However, although financial institutions may choose to offer such accounts to their customers, the new law does not require them to create or offer these types of accounts. If they do so ...The old general rule was that you needed 10% + saved to cover down payment and closing costs. Nowadays you can getl loans from 3 to 5% down + closing costs. This would be around $8k MINIMUM plus about $500- $1000 in closing costs on a home of $245k. To me it doesn't sound like you have enough saved.With the rising popularity of electric vehicles, more and more people are considering purchasing a Tesla. One of the key concerns for potential buyers is the availability of chargi...Learn. First Time Home Buyer Tips. First-Time Home Buyer Tips: A Guide. March 12, 2024 9-minute read. Author: Carey Chesney. The lure of first-time homeownership is …Nov 6, 2023 ... Thank you u/efFishency for posting on r/FirstTimeHomeBuyer. Please bear in mind our rules: (1) Be Nice (2) No Selling (3) No Self-Promotion. I ... First homeowners! GOT THE KEYS! 🔑 🏡. My partner and I closed on our cute little dream home right before Christmas 🏠♥️. Sort by: AutoModerator. 333K subscribers in the FirstTimeHomeBuyer community. The ultimate subreddit for everything a first time home buyer NEEDS to know.

Thoughts on pricing for renters or buyers. So we bought a house in a very small oil/military town with limited housing options. The house we bought is old, but in our price range and honestly not in bad shape. We’ve spent maybe 6K in renovations, but we had a budget of $10K. Our house is fairly large compared to houses in this area and in ...

Think before buying a home at your max loan amount because the higher the loan the bigger the monthly payment and the larger a deposit you will need. Down payment on a house is usually 20% of the total loan amount depending on where you live. FHA and VA loans might be different. Looking for a house: Never buy a house the very first time you ...First Time Buyers. We found a house we like and we really want to make an offer but are worried about overvaluation and current market. A similar property on the same road (all built at the same time and part of the same estate) just sold for 550k. This property is on the market for 575k, but from the last sale price adjusted for inflation it ...Mar 24, 2023 ... With all of that in mind, like I said above, I'm eager to buy a house and start investing in my own finances and myself. Below, I'll describe my ...Feb 21, 2023 ... I would definitely recommend talking to a lender, probably a couple of them. Here's a list of lenders that participate in IHCDA's first time ...First-time home buyer in NJ. Hello, I am researching on buying my first home in NJ. I have been a permanent resident in the US for quite a few years with a good credit score (~800). I know there is a first-time buyer mortgage program that indicates if you have not owned a property in the past 3 years, you are qualified to enroll.Are you considering buying a pre-owned mobile home? Whether you’re looking for an affordable housing option or a vacation property, pre-owned mobile homes can offer great value. Ho...Dec 10, 2022 ... I don't think you need 20% down these days but most will require at least 3%. You also might not realize that closing costs along can be better ...View community ranking In the Top 1% of largest communities on Reddit. First time home buyer assistant grants . Hi everyone, me and my wife currently live in philadelphia pa and were seeking possible grants for first time home buyers. We do make around 120k a year but assistance would be helpful.Jul 7, 2023 ... Are there any 1st time home owner grants you recommend? Which lender did you go through? What type of loan did you use? Conventional, FHA, WHEDA ...

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I'm close with my dad and we'd like to buy a place together with my GF. My salary is 65k a year base and at least a 13% yearly bonus (usually 3-5%more). 13% is a conservative guarantee. $35k cash saved, $50k in my 401k (I put 15% away with a 4% company match), no debt other than $8k left on a car loan at $160 per month.No, the first time homebuyer incentive is NOT worth it in my opinion. Unless you really need it, you’re essentially putting an additional mortgage on your home. 7. carnewbie911. • 3 yr. ago. If you need that extra 5% then it's worth it. If you don't need the money, don't use it. You are losing 5% equity in your house. 4.For reference, we paid $496k for our home and PMI is $81 dollars a month. $200 a month less than other lenders were offering me. At the time (March 2021) the household income limit was $167k. There were also home price limits based on zip codes. Not sure of what those were, but our home qualified.You can fix anything yourself. Start looking for sales of Ryobi battery operated tools at Home Depot. If you think something needs to be replaced, get 3 quotes and tell them you are getting 2 other quotes. Otherwise you’ll get 3 high quotes. OlafTheDestroyer2 •. Agreed, but let’s substitute Reddit for YouTube. A SONYMA low interest rate mortgage was the only first time home buyer “program” that co-ops were even willing to consider, in our experience. Co-ops don’t like things like down payment assistance programs because to them, it’s just another debt on your application, making you a riskier buyer. A "Sale Pending" sign is posted in front of a home for sale on Nov. 30, 2023, in San Anselmo, California. Real estate agents face lower commissions after a major …The market cost is high right now but the Feds are raising the interest rate in March. That means do you want to pay a lower interest on a house now at a higher cost or you could wait and risk the market crashing because of the interest hike. If the market crashes you will get a house for thousands cheaper but will the interest rate raising ...First time home buyer programs for non-low income in Texas/DFW? I live in DFW with my husband and we're looking to become homeowners. I've been trying to find any programs that can help with the process as I've heard that there are programs for first time home owners but we make too much money.There are a couple of programs that are available nationally. Check out National Homebuyers Fund, Chenoa Fund, and Neighborhood Assistance Corporation of America. A few lenders also offer assistance, for example Bank of America, Chase, and Ameris bank (not sure if this last one is in your area). Hope this helps, good luck!!First-time home buyer programs are specifically created with you in mind, with the goal of assisting renters in becoming homeowners by providing them with … Is buying a condo worth it? This is a question that many first-time homebuyers face when looking for a place to live. In this Reddit post, you can find different opinions and experiences from condo owners and real estate experts. Learn about the pros and cons of condo living, such as HOA fees, appreciation, resale value, and more. Nov 6, 2023 ... Thank you u/efFishency for posting on r/FirstTimeHomeBuyer. Please bear in mind our rules: (1) Be Nice (2) No Selling (3) No Self-Promotion. I ... ….

Think like 600-1400 for a basic impact window. Not to mention prices are ridiculous you’re going to pay like 400-500k minimum. Not sure what you’re planning to do with the home also lawn care in the summer is every 2 weeks basically. r/FirstTimeHomeBuyer. NOVA includes Prince William County and Loudon County, whose far west and far south areas include plenty of townhouses for under 400K. Condos are much less at ~200K. So open up Zillow, put in your max price filter, and zoom out. gordo0620 • 10 min. ago. 4 bedroom, 3.5 bath, garage, end unit in PWC, $430K.Go to a mortgage broker, a traditional bank, and an online bank. Shop around and get them to drive eachother down. In My experience the broker has always won. But the online bank was really quick with documents, so that was who we used to submit offers with as they could quickly get us a pre-approval letter. 1.Nov 29, 2023 ... Talk with several local banks to get the best rates and don't forget to ask about first time home buyer grants. Equitable bank is wonderful for ...With the rising popularity of electric vehicles, more and more people are considering purchasing a Tesla. One of the key concerns for potential buyers is the availability of chargi...Dave’s first choice is always 100% down. But if you are first time homebuyer you should aim for at least 10%. Some first time homebuyer programs have no PMI if you are over 80% LTV but these can come with a higher interest rate. Just make sure you have a pile of cash for down payment and a pile of cash for closing costs.The 31k came from the CalHFA program, which was divided in half to cover closing costs and down payment. The CalHFA loan pays itself off after living in the home for 5 years as a primary residence, if you move, refinance or sell the property in under 5 …I’d encourage you to look into the Hayward hills area by CSUEB, East Ave, Garin, or you can stick to flat lands and go near Costco area by Eden Shores. Tennyson is the only questionable part of South Hayward, but overall other areas are good imo. The hills is the way to go imo. Lolitsgab • 2 yr. ago.Learn. First Time Home Buyer Tips. First-Time Home Buyer Tips: A Guide. March 12, 2024 9-minute read. Author: Carey Chesney. The lure of first-time homeownership is …I just bought a house a few weeks ago. One thing that stands out for me is the sewer system. Have it inspected. Eight days after closing on my house, lower level flooded due to clogged sewer lines in the front lawn. Reddit first time home buyer, [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1]