Tom Johnson

  • Home
  • Search
    • Advanced Search
    • Map Search
    • Get Property Alerts
    • What’s My Home Worth?
  • Areas
    • Aurora
    • Denver
    • Parker
    • Centennial
  • Featured Properties
  • Blog
  • About
    • About Tom
    • Testimonials
  • Contact

Try Our Property Search

Get Property Alerts

Read Our Blog

What's Your Home Worth

Your Refund Could be the Difference

March 6, 2018 By Tom Johnson

One of the silver linings to filing your income tax return is finding out that you are going to receive a refund. If you happen to be one of these fortunate taxpayers, your next decision is what to do with it. With the average tax refund around $3,000, it could be the difference that makes a home a reality sooner rather than later.46795263-250.jpg

Many would-be buyers think it takes 10% or more down payment to purchase a home, but actually, it can be much less. There are VA and USDA mortgages that have no down payment for qualified buyers. FHA has a 3.5% down payment program and FNMA has 3% down payment mortgages for qualified creditors.

Closing costs for originating new mortgages can easily range from two to three percent of the purchase price but most lenders will allow the seller to pay part or all of them based on the agreement in the sales contract.

While the average tax refund might not cover the down payment on the median price home, it certainly helps. Your refund could make it as simple as 1-2-3 to get into a home.

  1. Get the hard, cold facts for the homes and mortgages in your area and price range.
  2. Get pre-approved with a trusted mortgage professional.
  3. Start looking at homes.

Call me at (303) 856-6185 or tomjohnson@yourcastle.org to get started.

Filed Under: Uncategorized

Recent Posts

  • Why Your Home Inspection Matters [INFOGRAPHIC]
  • Why Buying a Home May Make More Sense Than Renting [INFOGRAPHIC]
  • Why You Should Consider Condos as Part of Your Home Search
  • What Experts Say Will Happen with Home Prices Next Year
  • What Every Seller Needs To Know About Renovating This Year
  • 4 Simple Graphs Showing Why This Is Not a Housing Bubble
  • Don’t Let Student Loans Delay Your Homeownership Dreams
  • What’s Driving Today’s High Buyer Demand? [INFOGRAPHIC]
  • The Top Indicator if You Want To Know Where Mortgage Rates Are Heading
  • How Remote Work Impacts Your Home Search [INFOGRAPHIC]

Categories

  • 1031 Exchange
  • Aurora Neighborhoods
  • Home Buying
  • Home For Sale
  • Home Improvements
  • Home Maintenance
  • Home Ownership
  • Home Selling
  • Home Value
  • Investment Property
  • Market Information
  • Money Matters
  • Mortgage
  • New Construction
  • Recommendation/Testimonial
  • Taxes
  • Uncategorized
  • VA Loans
  • Email
  • Facebook
  • LinkedIn
  • Twitter
Equal Housing
Blue Fire Group    Real Estate Websites
© 2023 Copyright
LAC
Buying Buddy    Powered By Buying Buddy ®