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You Can Own A Home!

Most people who rent do so for two primary reasons. One primary reason is that many renters are unaware that they can purchase a home even though they don't have the necessary funds for down payments and/or closing costs. The other primary reason is that is that many renters do not feel that they will be able to meet the credit requirements for the purchase of a home of their own.

Both reasons while extremely prevalent, are very often the result of not exploring home buying options. There are numerous methods home buyers can employ to purchase a new home without being restricted due to the lack of funds and/or poor credit.

In addition to traditional financing options, potential home buyers may be able to purchase a home via NACA, lease with an option to buy, HUD, owner financing, loan assumptions, and special financing.

Your home search may be fun, frustrating, or even overwhelming. Long before you meet with a lender regarding your mortgage financing, you'll need to figure out the type of home you want. A good place to start is to examine your housing needs. It's important to come up with a list because it will help you and your real estate sales professional narrow your home search. Use this worksheet as a place to start; it will help you identify items most important to you and those less important to you.

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Housing Wants and Needs Worksheet

Price Range From $ ____________ To $ ____________

Cash Down Payment $ _____________

Type/Style

of Home

________________________

(For example: bungalow,

one-story, split-level)

Age of Home New___ Existing___ Age (in years) _______

Construction Brick___ Siding___ Shingles___ Cement___

Other ________________________

Lot Size (square feet): _____________________

Rooms

Bath___ Bedrooms___ Study___

Dining___ Family___Living___

Laundry___ Finished Basement___

Other ________________________

Extras

Alarm System___

Car Port___ Driveway___ Garage___

Air-conditioning___ Ceiling Fans___ Fireplace___

Kitchen Appliances (refrigerator,

stove, dishwasher, etc.)

_________________________

Porch/Deck/Patio___ Pool___

Storage Space___ Washer/Dryer___

Other_____________________

Heat Forced Air___ Radiator___

Other________________________

Fuel Electric___ Heat Pump___

Natural Gas___ Oil___

Other________________________

Neighborhood

_____________________________

Schools

_____________________________

Proximity to Transportation

_____________________________

Proximity to Community Activities

_____________________________