Acorn Housing Program

Money is obviously a biggest hurdle to buying your first home. Knowing where to go for a fair interest rate and loan terms is half the battle. I recently had a first-time homebuyer purchase their home using the Acorn Housing Program. The overall mission of the Acorn Housing Program is to increase homeownership opportunities. A few key points regarding this type of program: 1. No PMI insurance. This is HUGE. Most first-time homebuyers fail to calculate PMI insurance when they're considering buying a home. On average, this will save you about $60-80 off your monthly payment. 2. No minimum credit score. Now, that doesn't mean they will allow the loan if you have credit problems. However, the Acorn Program may give you just the edge you need. AND 3. This program typically has below market rates on a 30 year conventional fixed rate loan. So if you do have some credit problems, you won't get sacked with a high interest rate. Call or e-mail me to learn about this program. You may find that you CAN purchase you first St. Louis home and start gaining home equity and tax advantages this summer!