I have excellent credit, make very good $$ and would like to purchase a second home. I have been dumping all

Pappy
Home Buyer
Greeley, CO

extra income into getting rid of debt so in today's economy, how can I purchase a second home with little down?

Answers (4)
Lori Jarrett
Broker
Fort Collins, CO

Hello Pappy,

I am a Broker in the Greeley area and wanted to introduce myself to you.

Depending on the area in Weld county you are interested in, the USDA Rural Development program could be an option for you for little money down. I'd be happy to assist you with the process of gathering information and finding a second home that meets your needs and wants in the Greeley area. For more information on the USDA loan program, you can follow this link:

http://www.takemehomerealestate.com/real_estate_blog.html

I also have worked with local lenders who could offer some more expertise on the best loan programs to best suit you with purchasing a second home.

I look forward to hearing back from you,

Lori Jarrett, CSP, SRES
Broker/Owner
Take Me Home Real Estate, LLC
970-378-2615

Mon Jun 1 2009, 09:20
Pappy
Home Buyer
Greeley, CO

Kurt, we are very interested in Greeley.

Sun May 31 2009, 14:24
Pappy
Home Buyer
Greeley, CO

Goat, I wasn't looking for your personal opinion on my finances. But to give you some insight, retiring a credit card with 15% interest vs 6% or less home mortgage, deductible interest, and a market that has tons of short sell and devalued homes available. That is the reason.

Sun May 31 2009, 14:21
Kurt Thomas
Broker
81501
FIRST ANSWER

You will probably need to put 10% down. What part of Colordo are you looking to buy in?

Web Reference: http://www.owngj.com
Sun May 31 2009, 06:57

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