How Do I Get My Pooch A Home In 2023?

It is amazing to see how history changes housing. The Covid-19 pandemic led to the newest statistic; 70% of U.S. households own a pet! The most unusual time in modern history created a rise in pet adoption, according to the American Pets Product Association as well as a rise in income levels. The millennials are the largest percentage of Americans who own pets, and the National Association of Realtors state that 43% of U.S. households are willing to move or change their living situation to accommodate their pet. 81% of REALTORS consider themselves animal lovers, hope the right one represents your interest. Does the property have the proper fencing? How close is it to the Vet office?

Let us find your loan match. What are the differences, and how does it best fit you, your pet, and your family?

VA Loans. The Department of Veteran Affairs home loan programs assist eligible veterans to become homeowners with 100% Financing, meaning no down payment is required for you or the POOCH!

USDA loan is an option for moderate to low income and is specific to rural areas but also 100% financing. A great path to take for more wide-open spaces for the pets to play.

FHA Loan, Federal Housing Administration only requires a 3.5% down payment and is frequently used by 1st-time homebuyers. With bumps in credit history and not a large down payment, this loan is a popular option. The Loan limit for our area is $472,030.

CONVENTIONAL Loan. 2023 the conventional loan limit rose to $726,200, which means it meets the requirements for Fannie Mae or Freddie Mac financing. This loan works with good credit history and larger down payments. You can do a conventional loan with a minimum down payment of 3%, which will require low debt to income and excellent credit.

Every pet owner’s plan is different for housing needs, so get advice to navigate the journey!