Myth: Buying a home requires 10-20% as a down payment.

FACT: In the past, mortgage providers required a 20% down payment, however it is in fact possible to purchase a home today without any down payment.

Myth: Less than perfect credit prevents individuals from buying a home

FACT:  Credit challenges don’t have to stand in the way of reaching your homeownership goal.  Our loan counselors will walk you through the necessary steps to improve your credit so you can qualify for the American Dream.

Myth: Two years of work history is required in order to qualify for a mortgage.

FACT: The truth is, there are several ways in which to qualify for a home loan.  A loan counselor will offer different loan scenarios, which will provide you with the flexibility you need to qualify.

Myth: Bankruptcy prevents buying a home for 7-10 years

FACT: Although a bankruptcy will remain on your credit for several years, it will not prevent you from buying a home during that period.

Myth: It is less expensive to rent than to own a home

FACT: It is often the case that your mortgage payment will be comparable to your current rent.  As a matter of fact, once the homeowner tax break is applied, your new mortgage payment will actually be less than  if you continue to rent.