20 Tweetable Tips for Digital-Native First Time Home Buyers
First time home buyers looking for advice and tips online often take in their information in short bursts. Headlines on Twitter, status updates on Facebook and short videos on YouTube have conditioned us to look for bite-sized information chunks. So we compiled these tips to help satisfy the craving for home buying education in short bursts. We even included a "tweet this" button so you can share with buyers you might know.
Here are 20 tweetable tips for first time home buyers looking for some #HomeBuyingEd:
A credit score below 640 can make life difficult for the first time home buyer (but it's not the end of the world).
You can finance remodeling into one mortgage: FHA 203k.
A down payment isn't always necessary to buy a home.
Down payments can come from family as a gift.
Insurance on a mortgage is still a tax benefit.
The FHA 203k mortgage loan option can pay for a deck.
A kitchen remodel doesn't have to break you. Finance it with the 203k.
Down payment for an FHA loan can come from your bridal registry.
A HomePath-eligible house is often priced below the market.
100 percent financing does exist for a home: VA Loans or USDA Rural Development.
Making a list and checking it twice will help: first time home buyer's checklist.
Free guides don't have to suck: download home buying eBooks here.
Planning for home decor can happen on Pinterest.
Bank owned homes often need work: FHA 203k is one solution.
FHA loans require a 3.5% down payment.
HomePath and HomePath Renovation mortgages require a 3% down payment.
Home inspections are a worthy expense.
Pest inspections are a great investment.
A bankruptcy isn't the end of the line for home buyers. You just need patience.
A short sale in the last 3-to-4 years will keep you out of a mortgage.
Bonus tip #21: A bankruptcy on your spouse's credit history doesn't have to affect you.
Now, these tips are just the headlines. We often include links in our blog articles to relevant, deeper information. You can also find more detailed information in our vast library of free guides. Click the link below for one of our most popular guides for first time home buyers. From FICO scores to down payments and more, it's full of information for first-timers.