August 4th, 2012 10:28 AM by Nathan Rufty
Rancho Cucamonga, Ca has a very short supply of homes for sale for first time homebuyers to purchase. It is crucial that the home buyer has all their ducks in a row.
Such as credit, income, the ability for a down payment and a set budget for a home payment.
Credit is the key component to purchase a home. Need two items for credit, credit score and credit in the body of the report, overall credit is important in purchasing a home.
As long as you have income coming in and a 2 year employment history, you are good and a trade school can be a part of the 2 year history.
Down payment can come from, checking, savings, CD, money market, retirement account, gift from a family member, sale something of value, down payment assistance home loan program, many ways to find the ability for the down payment.
Set a budget for the overall payment, you are renting now and you have set a budget for that, just exchange that rent payment for a house payment.
Lets explore the option of purchasing your own home or lets get you in a position to purchase a home in the very near future.