Are you lacking enough credit or don’t have enough money to make a down payment on a home? Unlike most real estate agencies, the National Home Buyer’s Alliance is here to help those struggling to meet the basic homebuying criteria. We designed our program to prepare you for the world of home buying.
Before being accepted into the homeownership program NHBA prescreens every applicant. During the analysis, NHBA personnel calculates current debt, and monthly income and then age all outstanding derogatory debt on the applicant’s credit report. Using established relationships between debt, income, and credit aging. NHBA ensures that the customer will be able to purchase a home within 24 months or less.
Applicants who are accepted and enroll in the NHBA program will have their information reviewed by a mortgage professional and will be classified as either Qualified or Non-Qualified. Qualified clients, those with acceptable employment, income, and credit, will purchase their homes right away. Non-Qualified clients can choose from one of the following program options while NHBA helps them become qualified.
It is your choice but regardless of which program option you choose NHBA helps you Qualify and ultimately purchase your home.
Whether you are a Qualified client, purchasing a home right away or a Non-Qualified client who participates in the program until you can purchase, NHBA allows you to select your home. Once you are approved for financing, NHBA or its designee purchases the home for cash and then resells the home to you for market value, alternatively you may purchase the home directly from the seller. In the process NHBA helps cover your administrative closing costs…you save a lot of money.
The cost to participate in the NHBA program is based on your monthly income and is typically one-half of what it would otherwise cost to buy your home through a bank or mortgage company.
“NHBA is very easy to work with, the lender on the other hand was a different story. Scott and his team did a great job and helped us with anything we needed and were super friendly and helpful. So glad to be in our first home!”
– Kyle G.
“I had a wonderful experience with NHBA. Very friendly, smart , and very hard working. They make sure that your good on every level on bying your home and make you feel comfortable doing so... im happy this is where I went to get my family's first home”
– Deezy D. O.
“I went to NHBA in late 2019 knowing that I wanted to buy a house but not fully knowing what to expect. Scott, Stacy, Kaylie, were so helpful, knowledgeable, and we're there for me throughout the entire process - assisting me whenever I need help or just had a question. I closed on my house in October 2020 and I could not be more happier ! Thanks to everyone that was a part of me making my dream come true. And thank everyone at NHBA !! Sincerely, Larry C, very satisfied client.”
– Larry C.
“NHBA is very easy to work with, the lender on the other hand was a different story. Scott and his team did a great job and helped us with anything we needed and were super friendly and helpful. So glad to be in our first home!”
– Kyle G.
“I had a wonderful experience with NHBA. Very friendly, smart , and very hard working. They make sure that your good on every level on bying your home and make you feel comfortable doing so... im happy this is where I went to get my family's first home”
– Deezy D. O.
“I went to NHBA in late 2019 knowing that I wanted to buy a house but not fully knowing what to expect. Scott, Stacy, Kaylie, were so helpful, knowledgeable, and we're there for me throughout the entire process - assisting me whenever I need help or just had a question. I closed on my house in October 2020 and I could not be more happier ! Thanks to everyone that was a part of me making my dream come true. And thank everyone at NHBA !! Sincerely, Larry C, very satisfied client.”
– Larry C.
Buying a home is a major milestone in many people's lives. It can be a fulfilling and rewarding experience, but it's also a significant financial commitment that requires careful planning and consideration. That's why it's essential to understand the 10-step process to buying a home. Each step is crucial to ensuring a smooth and successful home buying journey. In this article, we'll explore the 10 essential steps in detail, from determining your readiness to purchase to closing the deal. So, whether you're a first-time homebuyer or looking to upgrade to a new property, let's dive into the process together.
Before you start your home buying journey, it's crucial to determine if you're ready to take on the responsibility of owning a home. There are several factors to consider, such as your financial stability, personal circumstances, and long-term goals. Some tips for determining your readiness to purchase include evaluating your credit score, assessing your debt-to-income ratio, and saving for a down payment.
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Knowing how much you can afford is a crucial step in the home buying process. It's essential to create a budget that takes into account your income, expenses, and debt. There are several tools and resources available that can help you determine your affordability, such as mortgage calculators and pre-approval from lenders.
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A down payment is a significant upfront cost when buying a home, and the amount you need will depend on the price of the property you're interested in. Generally, the higher the down payment, the lower your monthly mortgage payment will be. It's essential to determine how much you need for a down payment and explore different options, such as government-backed programs or down payment assistance.
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Getting pre-approved for a mortgage is an important step in the home buying process. It provides you with an estimate of how much you can borrow and helps you determine your budget. To get pre-approved, you'll need to provide documentation such as your income, assets, and credit history.
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A real estate agent can provide valuable guidance and expertise throughout the home buying process. It's essential to find an agent who understands your needs, has experience in your desired location, and has a proven track record of success. Researching and interviewing multiple agents can help you find the right fit for you.
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Now that you have your budget and real estate agent, it's time to start looking for your dream home. It's essential to keep your budget in mind and explore different neighborhoods and types of homes to find the right fit for you. When viewing potential homes, pay attention to details such as the condition of the property, location, and potential renovations.
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Once you've found the perfect home, it's time to make an offer. Your real estate agent can help you draft an offer that takes into account the seller's asking price, your budget, and other contingencies. Making a strong offer can help increase your chances of getting the property you want.
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After your offer is accepted, it's essential to schedule an inspection and appraisal. An inspection can identify any potential issues with the property, while an appraisal provides an estimate of its value. Both can help you negotiate the price or request repairs before closing.
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Finalizing your mortgage involves completing the final approval process with your lender
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Learn all about what we can do for you when you enroll in our homebuyer program today. We’ll teach you the ins and outs of finances and what it means to be a homeowner. Call us at One of our Convenient Locations to speak with our representative.