Dreaming of owning your first home? Tired of shoveling out rent for a home or apartment that doesn't feel like yours? Take heart, changing from renter to homeowner may be easier than you think.

When you buy your first home, making monthly payments probably won't be a problem. After all, you're already paying rent to your landlord each month. It's coming up with the lump sum needed for a down payment that may seem impossible. Fortunately, there are options to make buying your first home a happy reality.

Programs for first-time buyers
There are several local or federal government programs that help first-time buyers get into the housing market. Ask your real estate agent about these options.

Your lender
Your bank or credit union may help as well. Are you debt free and own something free and clear, like a car? Your lender may lend you the down payment by securing it against this asset.

Private contracts
Look for a seller to help you buy and finance your home. Some sellers are willing to carry the contract themselves and will waive the down payment. You may only have to pay the monthly mortgage installments. Your agent will likely know of sellers willing to work with first-time buyers.

Don’t hesitate to call or e-mail me with any of your real estate questions. I would love to help you find and purchase your first home.

James Paradise, Broker-Realtor: 509-525-1828 or paradise@bmi.net

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