Has anyone used to program NACA, to purchase there home's? I came across the program yesterday looking for grants for first time home buyer. I was just curious 🤔 if you have used them what was your experience I am can you change using them in the middle of your purchase because I have already submitted an offer on a home and was expected on Tuesday last week and my inspection is tomorrow but my closing date is not until August 3rd
Hi Everyone,
I'm curious to know if there's anyone out there who became a first time homeowner after 50. I'm 47 years old and never owned a home. I'm thinking about buying a home (or townhome or condo) in the next year or two.
I've been renting my entire adult life and that honestly has worked for me. I'm just tired of having to think about moving every few years due to huge rent increases but I also dread all the responsibilities that come with homeownership.
I also know that I have to get a home within my budget, so honestly, I can't afford a brand new home. I might have to settle for a fixer upper, which I'm not looking forward to.
This is a huge decision for me.
Id much rather have a garden. So ill have enough money to fill in the pool by next year. But the pool is fully functional. is there a way to avoid paying the bonus taxes on a pool that I wont use, until it gets filled in?
Always heard you should list your wants, then get rid of the bottom few/half. Im looking to buy, in the south, <350k. Below are my 'wants'...what can I be more flexible about? What 'wants' did you have that you ultimately settled without? Anything I should add?
2 bathrooms
Space in kitchen
Ample Parking
greater than 1200sqft
Hi everyone. I've posted here previously, but I am in need of some advice once again.
Long story short, my husband and I bought a house about three months ago. We've since moved in, and I am the most miserable I've ever been in my life. I absolutely hate this house, and I regret the purchase so much. We've been trying to do things to get settled in, but I just feel so uncomfortable here. I've never experienced a feeling like this before.
I've been really trying to mentally shift and lock in to living here for at least a little while, but after our basement crawlspace flooded after a heavy rain last night, I have been inconsolable. Several hours and a borrowed shop vac later, we were able to get most of the water out, but we will have to wait until Monday to really do anything about it, and it's supposed to rain more until then.
This has really set me back mentally, and I cannot stop crying. I had a panic attack when I saw the swimming pool in our basement. We're supposed to go meet up with family for the holiday, and I am nervous that I'll be a wreck the whole time. I just want out of this house and this situation. I want to sell this house now, or in three months. Saying this, I fully understand the financial hit that this would cause. We would be set up to lose a good chunk of money. Logically, I know that, but just imagining the relief of selling this and being done with it is almost comforting. I almost want to contact our realtor and see if he would consider selling it for a reduced commission or something.
Realistically, how much could we expect to lose? Would it be absolutely insane to try to sell after 3-6 months of owning? Would anyone even want to buy it? I also know that Redfin/Zillow estimates are essentially meaningless, but both are showing an appreciation since we bought the house (Redfin showing a $21k appreciation, which I realize is not even close to what we could sell it for after three months, but is still weirdly comforting me). We put 20% down on $240k and have since paid 5k off of the mortgage, so about $53k total equity.
Thanks for listening. I just need some words of wisdom. <3
I currently make 70k a year looking to put a 50k down payment
I have a 770 credit score , 0 debt , paid off cars, 38k in stock, and 100k in a cd ending soon
Any advice would be appreciated even looking at 160-180k house range
I know getting approved and being comfortable with the income is very different but my real income is higher than what my LO is calculating. The house we love is 265k, I have a salary job that is 65k. My LO is only using that income to qualify me.
Thing is, and I’ve explained this to him, is I work other contract jobs/self employment that bring in an extra $2000/mo or ~$24,000/year (I’m being conservative with these numbers, some months are $10,000). But one job I haven’t had for long enough, and the other is self employment with a bunch of write offs every year.
So my real income is closer to $90k minimum, but we aren’t using that. My LO seems to think I can get approved on the 65k salary.
We have $55,000 liquid, we only want to put the minimum down to save money for repairs, (3%) but we can put more down if needed, but then no emergency fund.
Do you guys think I can get approved for the 265k house using a 65k salary?
I’m in the process of finding a place I want to live within an hour of my work, with certain places out of the question.
Came across a couple interesting places, but didn’t have enough info in the listing for me to want to pursue.
A couple really interesting places, but needed some work so I wasn’t sure if it would qualify for conventional financing.
The way I’ve been approaching it is to look until I find a property I absolutely want. Find an agent, find a lender, make an offer.
I didn’t want to go to an agent earlier, and have them recommend me 10 houses, I don’t like any of them, and I’m wasting their time.
Am I doing it the best way?
Btw I am “preapproved”, but they didn’t take my credit score or anything. Literally just asked what my estimated purchase price would be and immediately sent back an approval, like its computer generated
I am looking to invest in a multifamily property for the first time and I am having an issue getting my foot in the door. A lot of sellers do not want to sell to me because I am coming with an FHA loan and in addition to that I would also need a couple grand in concessions. I keep getting my offers rejected and in some cases I am offering way more than what they are asking for. Pessimism is creeping up and I feel like no one will want to sell to me. Am I valid in feeling this way or is this just the way it is starting out? Also is there something I can do (or ask for) to make my offer more appealing to sellers?
I’m in attorney review was shopping around for home owners insurance to get a feel for what I will owe and found out there was a claim for water damage in 2022
15k payout. This was not on the sellers disclosure.
Realtor asked listing agent. Seller responded “ I forgot about it” and said a line burst in the laundry room.
During viewing no obvious signs of any of this.
What should I do now before I’m out of attorney review ?
Have a hard time believing the seller “forgot” to list this
Someone please help me. My husband and I are so frustrated. We are trying to buy in a VERY competitive market in Connecticut. We are looking for houses that are $350k-$400k. We've seen quite a few already and have made 3 offers so far. Each time, we always beat out. Our down payment isn't special, it's like 7%. First house we wanted the winning offer waived inspection (and their over asking price was $1k less than ours). We offered $15k over asking. Second house the listing agent just said it was because of the "overall terms", so we're thinking maybe those buyers also waived some contingencies or something. That one we offered $30k over asking. The third one we offered $25k over with making the inspection pass/fail and we were beat out with a higher offer with that one.I am genuinely feeling so hopeless. WHAT IS THE TRICK! WE NEED A HOUSE SOON WHAT DO I DO TO MAKE THIS HAPPEN!!! I get money talks, but what's frustrating about this market is that we have the money to buy, but we DON'T have the money to go over asking by a million dollars. We are going over and it's just not enough.
I have been looking for houses and went for couple open houses. I did find one house that I really like which is couple years old. What should be my approach to my realtor since I am the one involved more on my own, should I ask her to share commission? Or should I handle all my self. I do have approved loan from my local bank. Note: my realtor has been pushing me to buy new construction and can give me rebate on new house.
Me and my husband are buying our first home in a HCOL area. We have been looking at smaller homes online for months, no realtor, and when one I loved went under contract then came back a few weeks later we took the plunge, got a realtor, and looked at the house. It was the largest we had seen in our budget at just under 2000sqft.
I hated it in person. I cried because I was so upset. It was the only house that sized in our price range for 6 months. My realtor is well known in the area and was not phased. I mentioned I’d love a pool since we have two tots, and she shut that down so quick lol
That night a house went on the market. 2200 sqft. 3/2 with a loft and 19 foot ceilings, A POOL. A HUGE POOL. Backed up to woods with a trail to explore and play on. Wood everywhere. Beautiful. The kitchen is the ONLY part we’d want to remodel in a year or so. And the top of our price range! I walked in, turned to my husband said I love it and we made an offer. With 12 showings the first day on market we weren’t sure, but our realtor went above and beyond and made the deal happen.
Inspection was yesterday, we knew it needed a roof so that that was no surprise. Other than that and some cosmetic issues, IT PASSED. My inspector happens to live in the neighborhood and was giving me the tea on the people and HOA (27$ a month, no club house or anything so not paying for those). We are getting the pipes viewed today and a termite inspection, but aren’t afraid of tenting if needed.
We are asking for the seller to go halfsies on the roof, let’s hope they agree! Looks like we will be closing later this month!
Pretty much what the title says. My husband and I just purchased our first home and are going to be buying new furniture.
We are not interested in buying used furniture and plan to go to a big name furniture store for living room, dining room, and Primary bedroom.
How were your experiences purchasing furniture in the manor? How long did it take for your furniture to arrive?
I'm curious what experienced homeowners would tell someone who's about to buy their very first home.
Looking back, what's the one thing you wish someone had told you before you signed the paperwork?
It could be about inspections, budgeting, negotiations, unexpected costs, choosing the right neighborhood, or anything you learned the hard way.
I'd love to hear the advice that made the biggest difference for you—or that you wish you'd known sooner.
I'm sorry this is kind of long but just like the title says, I feel like I'm very much in over my head and unprepared for what I'm getting into.
A little background information: I'm currently renting a 3 bedroom, 2 bath apartment for $1582 in MS. My lease is up October 31st (spooky) and my long-standing plan had been to move out of state but I don't feel comfortable doing so right now with the way the world is so I'm staying up put in MS for the next few years. With that said, I thought it would be best to get out of renting (for a whole lot of reasons) so I'm now taking my first steps towards home ownership and I definitely need some help.
I am trying to secure a lender but I am uncertain where to turn to. Here's where I'm at: my yearly pay fluctuates but I calculated that the most I can borrow is probably $250K or less. What I need is a 3-4 bedroom house, 2 full bathrooms, with a walk-in disability shower and either a guest house or mother-in-law suite or the ability to add one to the property. Due to some financial constraints (my mother was laid off so I've been footing her bills for most of this year), I've only got about $3000 to realistically put as a down payment at this point in time now. There's also closing costs to consider. Just because I didn't know where else to start, I put in an application through my bank but there was an unexpected issue: my car was repossessed in 2024. Short back story but I bought a car in 2022 and paid it off in October 2025. I accidentally missed my payment in March 2024 and my car was repossessed (horrible experience, did not mean to miss the payment, never did it again.) This was the only issue on my application and the mortgage specialist said I should call the dealership where I got my car to see what was going on, since it was apparently it's reported on my credit report as "paid repossession" and that it was reported as repossessed in 2025, which is incorrect. So I called and spoke to someone where I bought the damn thing and she said it should be "repossession reinstated" and that the date was actually wrong and I could get that corrected, which I'm in the process of doing.
However, that leaves me with the issue still: is this going to be a problem with any future lender I put in an application with? I actually was eligible for a loan package at my bank for $200K and it helped with both the down payment and closing costs but due to the report on my credit, I'm not eligible for it and unfortunately, my savings won't cover the amount for both, which the mortgage specialist estimated at $19,000 to $20,000 out of pocket. So now I need to figure out if I can find a lender that will take my credit like it is (it's 684 but with the repossession on it) and if there's any grants or programs for first time home buyers needing help with the down payment and/or closing costs.
I've looked through so many resources but I feel like there's so much out there that I have no idea where to turn to and I keep getting so confused and turned around so I thought I'd reach out for some advice to see if anyone has any idea if this is even feasible for me and my family and where I should start looking for help with all of the above.
Thank you in advance for any advice, it is greatly appreciated.
I've been spending way too much time looking at listings lately ,after a while they all start to feel the same nice kitchen, living room, bedrooms, backyard...and it feels like they all show the same basics. I'm curious what would've helped you decide whether a home was worth touring especially if you're buying your first home.
The account in question, is about 4 years and 11 months old. Not sure if that is relevant.
I am looking for people knowledgeable on this or who have already done this.
Follow up questions - assuming you have to pay it back:
Hello all. I don’t really use reddit that much so if I do something incorrect, I apologize.
My husband and I are looking to buy a house. We are currently in the middle of attorney review and I’m starting to get cold feet. I’m just worried that we are about to start living above our means.
We are looking in a place with pretty high property taxes (thanks NJ) and it just hit me that with the mortgage and taxes it’s gonna be more than I realized. I feel like everyone else seemed to know the amount but me.
Its a 575k house with a 5.7% and idk there are a few other factors that I will keep personal but I feel very anxious suddenly. Is this normal or should I listen to my gut.
Bought my first property and spent so much time thinking about the down payment and mortgage
After a few months I realized there were recurring expenses that never came up when people talked about buying real estate
None of them were deal breakers but together they added up faster than I expected
What ended up costing more than you expected?