Real Estate Search Blog

There is an extremely helpful Boston Globe article offering loan-securing tips for new and seasoned home buyers. Buying Boston real estate and Massachusetts real estate in general is not as hard as many think it is.

• First-time buyers have plenty of options when it comes to securing a loan. The homebuyer tax credit is a good example that even extends to repeat buyers. Conventional loans for relatively smaller mortgages, which can be secured for as low as 3% down, are another example.
• Veterans, surviving spouses, and active duty members can secure a loan for 0% down.
• Massresources.org offers 30 and 40 year mortgages for 3% down. There are income requirements but they are not nearly as strict as Section 8 housing restrictions.
• Bostonhomecenter.com is a great resource for people looking for similar programs catered to Boston real estate.
• Contact your town or city offices to find out if there are additional programs available for your use.

For more great resources on Boston real estate, visit Prudential Prime Properties on the web.