It's officially August. Can you believe it??!? I don't know about you but, this year is going by waayyyyyy too fast for me, imo.
Anywho, here's a quick rundown of what's going on in the real estate world, and most importantly: how it effects you.
And of course, I didn't forget your homebuyer grants for the month!
Once you take a look, let me know if you have any questions!
Like for real, you can reply to this email and I'll answer! I promise!!
MARKET UPDATE
Let's get the boring stuff out of the way first, okay?
market trends
- Interest Rates: Honey, the interest rates are playing limbo! Rates just dipped to 6.87%. It's not low-low, but it's at least giving us something to work with. Lower rates = Lower monthly payments.
- House Hunting: There's actually been an increase of housing inventory! That means you have A LOT more options!
- Housing Price Check: The South is giving us a discount (yasss!), but the Northeast is acting bougie with price hikes. Overall, more sellers are slashing prices than last year.
Keep these trends in mind if you're currently house hunting
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🔥 HOT TOPIC
New Rules Could Mean You End Up Paying More to Buy A Home!
Starting August 17th, new rules could have you digging deeper into your pockets to buy a home because of major changes to how real estate agents get paid. But don't sweat it – I got you!
The real estate game is changing, and not everyone's gonna come out winning. But you? You got the inside track.
Here's Your Secret Weapon: 🗝️
Luckily, you're subscribed to 🌟this newsletter🌟 where you get the details on all the homebuyer assistance to cover those additional costs!!
💰 MONEY MOVES
Special Savings Account Made Specifically for Buying A Home
Foyer Savings: Your Key to Homeownership
High-Yield Savings: Stack your coins with a 4.51% APY— 9x the national average!
Deposit Match: PLUS, they'll match up to 2% on deposits up to $10,000 per year. You get paid extra money just for saving!
Hidden Gems
Homebuyer Assistance to Get You Into Your Home Sweet Home!
💎 Hidden Gem 1: Down Payment Grant
Get up to $10,000 for your down payment! (This one is stackable with other programs!)
Eligibility:
- 640 Credit Score
- Income limits may apply (varies by location)
- Homebuyer education is not required
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No first-time homebuyer requirement
Ready to apply? Get the details here.
💎 Hidden Gem 2: Closing Cost Assistance
Get up to $7,500 for your closing costs! Can be combined with other programs!
Eligibility:
- 640 Credit Score
- Income limits may apply (varies by location)
- Homebuyer education is not required
-
No first-time homebuyer requirement
Ready to apply? Get the details here.
💎 Hidden Gem 3: Mortgage-Free Home for Military Veterans
🚨 Application Deadline: August 11, 2024 🚨
Eligibility:
- Honorably discharged veteran, reservist, national guard, or surviving spouse
- Veterans do not have to be injured or have a deployment to apply
- You must submit properly filled application and along with a compelling personal statement
Ready to apply? Get the details here.
Wanna maximize your chances of getting approved?
Get a ✨winning✨ template for the compelling personal statement, because you need to impress the Selection Committee to win!
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Mark Your Calendars! |
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I'm hosting a virtual "Sip & Learn" event later this month.
We'll be discussing "Hidden Gems: Grants and Programs for First-Time Homebuyers." BYOB (Bring Your Own Beverage), and come ready to take notes!
As a newsletter subscriber, you get first dibs on registration!
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