If you are currently paying rent, here are some amazing statistics:

  • $700 a month rent converts to a = $113,688 mortgage for a home
  • $800 a month rent converts to a = $129,929 mortgage for a home
  • $900 a month rent converts to a = $146,171 mortgage for a home
  • $1000 a month rent converts to a = $162,412 mortgage for a home

If you are currently paying rent, and have thought of entering into home ownership here are some amazing statistics:

In 2007 Livingston County has had 1029 homes that have been lost to foreclosure, and as a result of this surplus Property values have dropped in some areas of the county in excess of 20%. This means that one of these properties valued at $150,000 just a year ago are now selling for as low as $120,000. A $30,000 savings.

If you are currently paying rent, here is an amazing Government Program:

620-800 credit score will allow you to purchase a home with the USDA R/D Home Ownership Program. This program allows up to 100% financing with a conservative 30 year fixed rate mortgage with rates near 6.00%, 6.56% apr. This program is designed by the Government to assist renters who wish to enter home ownership.

You will qualify if the household income does not exceed:
  • 1 Person - will allow up to $60,000 a year.
  • 2 Persons - will allow up to $68,550a year.
  • 3 Persons - will allow up to $77,150 income a year.
  • 4 Persons - will allow up tp $85,700 household income a year.
If you are interested in finding out all the exciting details of this opportunity of buying a home, call me today to obtain the available list of properties available for you and your family.

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