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1st Time Buyers
First Time Buyers have an extraordinary opportunity in the Reno/Sparks real estate market. The combination of home prices and interest rates, I believe, will never be better. FHA financing offers loans with as little as 3.5 % down and in most cases it is possible to have the Seller pay for the Buyers’ closing costs. I specialize in helping first time buyers with the purchase of their home and feel it is the most rewarding part of my job.
“Mona was awesome to work with. She took her time talking with us about our options and listening to us about our needs and wants in a home. She spoke to us honestly and openly about the pros and cons of each house. We felt very comfortable working with Mona, we were so happy with our experience buying our first home….”
Brian & Brandy , Reno
With as little as 3.5% down, buyers can obtain an FHA loan for the purchase of their home. FHA loans have made a major comeback due to the lower down payment option and are the majority of loans underwritten these days. To qualify for FHA financing, buyers must have a credit score of at least 620. Buyers are permitted to borrow the funds from a family member or from their 401k.
The task of buying your first home may be a daunting one if you don’t have the right people working for you. You need a realtor you can trust who is informed about the market and a mortgage lender who can lead you through the loan process smoothly.