Buying a home as a single parent can be challenging. Single-parent families don’t have the benefit of dual incomes; therefore, the total household income is often lower for a single parent than it is for most dual-income families. This can make it difficult to obtain a mortgage loan with a favorable interest rate.
But home ownership has many advantages, especially for single parents who desire the feelings of independence and self-sufficiency home ownership provides. Additionally, by buying a home, you’re building equity and establishing financial independence that can prove beneficial later
Low-income loan programs such as the USDA Rural Development loan provide direct loans with zero percent down. This can help you to get into a home faster, since you do not have to wait to save for a down payment. #singlemomlife#realestategoals#ready#creditrepair 🏠👩👦👦👩👧👧⚽️⚾️🏀 👇 👇 Double Tap or DM me to find out how I can help you.
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