Columbia SC Real Estate and Homes for Sale

Did “No Money Down” Catch your attention. I hope so!

In the Columbia SC Real Estate Market, we have all heard about how 100% financing has disappeared. In a large part it has. That is why you need a good Columbia SC Real Estate Agent and Mortgage broker!

The Nehemiah Program allows for you to put no money down on Columbia SC Real Estate!

Both Columbia SC Real Estate First Time Home buyers and repeat home buyers can use Nehemiah.

So how does it work?

1. Find a house.
2. Get an FHA Loan
3. Get the seller to contribute up to 6% in gift funds through Nehemiah
4. This covers your 3% down payment and closing costs
5. Move into your Columbia SC Real Estate home with no money down

Pretty much Nehemiah allows for the seller to contribute up to 6% of the purchase price which can be applied towards the buyer’s down payment and closing costs as mentioned above. They charge a $499 fee for this service. Think of it as an escrow fee of sorts. This fee can be paid by the seller, buyer, or even the lender.

What takes place is that the Columbia SC Real Estate seller gives Nehemiah the money which turns around and gives that money to the buyer as a gift. These gift funds can be for first time home buyers and even repeat buyers. There are no income limitations. The best thing is that you don’t have to repay the money, hence the reason why it’s called a gift.

Really, the only thing that has to happen is to be approved by your mortgage broker or lender of choice for an FHA mortgage and for the seller to give you the funds to buy a Columbia SC Real Estate Property. What is great about FHA is that they allow for 6% seller contribution. Another reason on how you can get into your Columbia SC Real Estate dream home with no money out of your pocket. Between Nehemiah and the seller contribution, you could be in that house with as little as zero money.

There you have it. The perfect piece of Columbia SC Real Estate with NO MONEY DOWN.

Of course there is a bit more to it than that, but in all reality, it is a very simple, easy to use program.

If you have any questions about Nehemiah or FHA Loans in the Columbia SC Real Estate Market, feel free to contact me!