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Kelli’s 2️⃣cent Tuesday


Episode 39👩🏻‍💻💸🔑

🏡Today's Random Real Estate 2️⃣cents Tuesday is about first time home buyers common misconceptions about financing. 

💸Most of the time you do not need a large down payment to get a home loan. Low- and no-down-payment loans do exist, although you may end up paying a larger interest rate. With federally insured loans, people with good credit can pay as little as 3.5 percent down. 20% down isn’t the normal anymore. 

💸Although a 640 credit score might get you a few more loan product options and possibly a better interest rate, there are lenders that will consider you a viable buyer in the mid to low 500s. 

💸Even if you think that you might be paying on student loans forever, being in debt doesn’t necessarily make you ineligible for home ownership. Mortgage lenders look at your debt-to-income ratio, meaning how much you bring in each month compared to what you owe in student loans, car payments, credit card charges, etc. 

😁Bonus info: 

Pre-qualification is not the same as pre-approval. The actually approval includes a more detailed overlook of paperwork that you submit. 

💵Cash in on my 2️⃣cents and reach out to an awesome local lender that can answer your question and get you headed in the right direction!

Ready to find your new 🏡 home?

Kelli Hunt - Full Time 

Buyer’s Agent/Realtor®

[email protected]


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Kelli’s 2️⃣cent Tuesday- Episode 39👩🏻‍💻💸🔑

Kelli Hunt

Kelli Hunt grew up on a small farm in Wisconsin...

Kelli Hunt grew up on a small farm in Wisconsin...

Feb 12 2 minutes read

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