Andy's Journey to Homeownership
Andy came to us in July and had a unique challenge - find him financing for a first time buyer, and find a home for his budget... $125,000! He had saved a good sum of money for his downpayment, and was ready to move out of his parents house and into a place of his own.
We were able to help him secure financing, and the day that he was pre-qualified, a 2 bedroom condo came up in his price range! Multiple offers meant that he needed to write an aggressive offer, which he did and got it accepted. We were able to schedule the inspection to allow him to go on a planned family trip, and everything there was good.
Alas, it wasn't going to be that easy!!! The HOA, not Andy, could not qualify for the loan that he was set up with. We were able to send the scenario out to other lenders that we work with, and once one was found, worked with the seller to extend closing and work with us on the HOA issues.
Not only was the HOA able to qualify with the new bank, his rate was more than 1% less than the previous bank, saving him over $250 per month!
With the help of his dad and some friends, Andy will be remodeling the condo and will have it ready to start the next chapter of his life when he and Elizabeth are married in 2019!
Here are Andy's own words after the smoke had cleared:
"It was a great experience! Nic helped me through some lender issues, he always kept me informed through every step of the process, and helped me find a home for me and my future wife. I highly recommend working with Nic and the team!"