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1stHomeNetwork How to Go From Renting to Buying Your Dream Home (DMV)
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The Buyer’s Market Is Back – Now Is the Time to Buy!
The market has shifted in your favor. Sellers are once again offering closing help and incentives, and buyers are building equity faster than ever.
From Renter to Homeowner – With Little to No Money Down
If you think you can’t buy a home because of low savings, imperfect credit, or high rent, think again. Last year alone, my clients received over $250,000 in down payment assistance and closing cost help.
Here are real results from buyers I’ve helped:
Buyer received $20,000 in closing help → now has $65,000 in equity.
Buyer received $18,000 in closing help → now has $50,000 in equity.
Buyer received $12,000 in closing help → now has $77,000 in equity.
Buyer purchased with no money down (seller covered costs) → now has $25,000 in equity.
💡 Equity = the difference between what you paid and what your home is worth today.
Example: My client purchased for $274,500. Their neighbor just sold for $335,000. That’s $60,500 in equity gained – money renters can never build.
Why Renting Is Costing You More Than Buying
Rent = 100% interest (all your money goes to your landlord’s mortgage).
Homeownership = equity, stability, and tax benefits.
Rent increases every year; a 30year mortgage locks in your payment.
If your rent is $1,665 month, you’re giving away nearly $20,000 per year. Over 5 years, that’s $100,000 lost.
The Advantage of Today’s Market
Seller’s Market (Past):
$300,000 home = $19,500 out of pocket (down payment + closing).
Buyer’s Market (Now):
Down payment assistance covers $10,500.
Seller covers $9,000 in closing.
Your out-of-pocket cost = $0.
Credit & Financing Options
You can buy with a credit score as low as 620.
No money down options are available.
FHA loans allow you to buy again within 2–3 years even after foreclosure, bankruptcy, eviction, repossession, or short sale.
Common Challenges – and Solutions
High car payments? Consider refinancing, paying off, or replacing your car after closing.
Family support? Children or relatives can help you qualify, or you can use your 401k.
Bad landlord situations? Mold, pests, rising rent – homeowners I’ve helped walked away from these issues for good.
Why Act Now?
When interest rates drop again, you’ll be positioned to refinance at a lower rate while keeping all the equity you’ve gained. That could mean tens of thousands in taxfree cash for vacations, college, renovations, or your next home.
If you wait, you’re just paying your landlord’s mortgage.
Take the First Step Today
I’ve helped renters with:
Credit challenges.
Limited savings.
Tough landlord situations.
All of them are now proud homeowners with equity, stability, and freedom.
The seller pays the Realtor’s commission – you pay nothing to get started.
My lenders work 100% online to make the process fast and simple.
Stop renting. Start owning. Build equity.
Contact me today to learn how you can qualify for down payment assistance, closing cost help, and no money down programs.
Wesley Howard Realtor
https://www.1sthomenetwork.com/
It’s not about “if” you can buy a home – it’s about when you decide to stop paying your landlord’s mortgage and start building your own future.