Today, we’re thrilled to share some enlightening insights from Kevin O’Neil of OVM Financial, who brings a wealth of knowledge about accessible home-buying options. In a recent video, Kevin highlighted the various programs available for those looking to own a home with little to no upfront costs. We’ve encapsulated the key points from his talk here, offering an easy-to-understand breakdown of these fantastic opportunities.
Little to No Money Down: It’s Possible!
Kevin emphasizes that there are numerous options for prospective homeowners, especially for those concerned about hefty down payments. OVM Financial, being a local lender, offers an array of choices:
- First-Time Home Buyer Programs: These programs require no money down, making it easier for first-time buyers to step into their new home.
- Grant Funds Availability: You don’t have to be a first-time buyer to benefit! Grant funds are available to help with home purchases.
Special Highlight: USDA Loan Program
A standout program mentioned by Kevin is the USDA Loan. It’s a unique offering aimed at facilitating housing needs in certain rural areas. Let’s delve into some of its benefits:
- Geographical Flexibility: Ideal for rural areas, like Isle of White County in the Tidewater area.
- Flexible Credit Guidelines: This program is accommodating regarding credit histories.
- Attractive Interest Rates and Low Mortgage Insurance: Enjoy competitive interest rates and significantly lower monthly mortgage insurance costs, which decrease as you pay off the loan.
Our homes are a perfect fit for the USDA loan program. With prices starting at $279,999, it’s an opportunity not to be missed. By combining a builder like Franciscus Homes, who covers your closing costs, with the 100% financing from the USDA loan, the out-of-pocket expenses for you are minimal.
Want to Know More?
If you’re curious about your eligibility for these programs or have any questions, Kevin is just a call away. The USDA loan, for instance, has specific credit score and income requirements, but you might be pleasantly surprised by the generous income limits.
Take the Next Step
Eager to learn more and explore your options? Our dedicated sales team is here to guide you through every step of the process. Contact us today to schedule a tour and discuss how you can leverage these incredible home buying programs. Remember, your dream home in our vibrant community is just a call or click away. Don’t let this opportunity pass you by – reach out to us now!
