This is the perfect time to buy real estate. The interest rates are good. Qualifying for a loan is not hard. Yes you are going to need good credit and a down payment, that is not a lot to ask. FHA will allow for a 3% down payment. You will need money for closing cost. With some sellers it is possible to negotiate with them to pay all allowable closing cost and reserves. So what are you waiting on? There are other conventional loan programs with 5% and 10% down payments depending on credit scores. To move away from PMI you will need 20% down. Are you waiting on interest rates to go up?
FHA, VA, Conventional rates today! 6%
There is a nice selection of homes on the market in all price ranges. There are also some screaming deals. I can think of several off the top of my head. Then you have the ones that are priced over market, because the listing agent is afraid to have the market value reality talk. So for us here in the Central Kenai Peninsula it's a normal real estate market. So you need to get off the fence and find your dream home. I'll have you moved in before Christmas, Thanksgiving if you hurry.
