Movement Mortgage |
Rich Racine

Rich Racine

Real Estate Agent | ID: 072506

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603-738-0898

 Lebor

Kelly Lebor

Loan Officer | NMLS ID: 1449180

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(603) 943-0643

|
Rich Racine

Rich Racine

Real Estate Agent | ID: 072506

Kelly Lebor

Kelly Lebor

Loan Officer | NMLS ID: 1449180

The keys to move

From renting to owning

What you need to know before you sign another rental contract.

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Myth

You need to have a 20% down payment.

Fact

At Movement, we offer loan prodcuts to qualified borrowers that only require as little as 3% down*, and some that offer 100% financing.

Fannie Mae HomeReady

Minimum 3% down payment*

FHA

Minimum 3.5% down payment*

USDA

100% financing on properties that qualify*

VA Loan

100% financing and no mortgage insurance for qualifying borrowers*
*applies to qualifying borrowers only

Myth

I’m planning to move after a few years, so it’s not worth it to buy.

Fact

Even a few years as a homeowner may be more beneficial than renting for the same amount of time.

Career opportunity, kids, adventure, job relocation. These are all reasons a renter like you may hesitate to buy a home for fear of getting tied down. Sure, you may face a life change that requires you to sell your house and move. But in many cases, it only takes a few years to build up enough equity that it’s profitable to sell.

Myth

I need great credit to get approved for a loan.

Fact

In some cases, borrowers may be eligible for approval without a great credit score.

There are many factors involved in mortgage loan approval and though credit score is one, it’s not the only one an underwriter considers. Don’t assume you don’t qualify until you have all the facts.