First Time Homebuyers Rio Rancho

First–time homebuyers in Rio Rancho will want to know how the process works, so you should go through the options. According to HousingNM.org, you need at least a credit score of 620 to receive a mortgage. You also have a minimum downpayment based on the conditions set by the lender, though you can receive downpayment assistance from various programs. As a general rule, you should prepare for a three percent downpayment.

Going to Trulia.com will show you 1,447 homes for sale as of February 2024, with some houses starting as low as $211K. With properties starting at a lower price, you can find choices in the area while going through your mortgage options, giving you a great chance to see something for your situation. You can get a sense of your buying power and work through the details by contacting a local REALTOR®.

Instead of going through over 1,000 properties alone, you should talk with a REALTOR® like me. I’ll assist you with the process and can take some of the challenges to relieve you of the trouble. This will allow you to work on what you want while I show you the best approaches to real estate. Contact me so we can create a plan and determine the best programs and mortgage options to help you with your needs.

• Rely on a real estate professional if you’re a first-time homebuyer in Rio Rancho.