Reasons for Buying a Home

For many families and individuals, the idea of owning their own home has become the American Dream. For most families and individuals it can become a reality, but to become a reality, it must be done with realistic goals, careful planning and an understanding of the cost involved in buying a home.

When buying a home, it is a decision not to be taken lightly. When deciding to buy a home it requires a significant investment in energy, money and time.

Listed below are several good reasons for purchasing a home, that is, if you are ready for the responsibilities that go hand-in-hand with homeownership:

HOMEOWNERSHIP ADVANTAGES

• A place to call home Analyzing your current expenses
• Financial incentives The costs of purchasing a home
• Scheduled savings Upfront costs
• High cost of homeownership Closing costs
• Possibility of foreclosure Ongoing costs
• Repairs and maintenance Down Payment
• Decreased mobility Monthly mortgage payment
• Possible drawbacks to homeownership Taxes & insurance
• Can you afford to buy a home?

Homeownership involves both advantages and obligations. It is important to take a realistic look at whether homeownership is right for you. By analyzing your current expenses and comparing them to the upfront and ongoing cost of a home purchase, you can determine whether or not you can afford to purchase a house at the present time. Take the time to look at all aspects of your current expenses and then ask yourself are you ready to purchase a home.

The Role of We Help CDC

• Identify and qualify clients in terms of eligibility to participate in accordance with the HAP income eligibility guidelines.
• To identify, locate, negotiate and purchase available lots in the target area on behalf of the clients.
• Assist clients in resolving any credit issues they may have prior to the submission of the loan application to the lending institutions.
• Do post- and pre-housing counseling with homebuyers.
• Hire construction general contractor for the building of the homes.
• Hire architect for the architectural design of the homes.
• Make sure that all homes meet energy and amenity specifications as outlined in the application.
• Arrange construction and permanent financing and first mortgage financing for clients with lending institutions.
• Assist the clients in qualifying for either County, HOME or SHIP down payment assistance.

Applications now being accepted. Call or come by our office at: 349 SE 3rd Street, Belle Glade, FL 33430 to apply, or fill out our online application.