There is no denying that it’s a buyer’s market out there. If you can, then you definitely need to be purchasing while the prices are down and interest rates are low. However, young professionals and new couples typically have not had the opportunity to save enough money to put 20% on a new home and think that they are unable to take advantage of the buyer’s market. Well, this is when FHA financing comes to play.
By qualifying for an FHA loan, you are only required to put 3.5% down in order to purchase a home. While you are thinking that not many homes in Sandy Springs would offer FHA loans, take a look at Serrano.
Serrano features one, two and three bedroom condos in Sandy Springs only minutes from Perimeter Mall and GA 400. With a Mediterranean-inspired atmosphere, Serrano offers luxury living in a low-key environment. Each unit features hardwood floors, granite countertops, stainless steel appliances, crown molding and more. In addition, the community offers a long list of resort-style amenities, like a swimming pool, fitness center with sauna, gas grill, street-level retail, outdoor living room with television, movie room and more. You might think that luxury living like this would be extremely expensive, but the Serrano condos are priced from the $120’s.
As you can see, Sandy Springs has plenty of fantastic opportunities for first time buyers, all you have to do is look for them. When it comes to shopping for your first home, it’s always better to be pre-approved for a loan before you begin your search. If we can be of assistance in your Sandy Springs home search, don’t hesitate to contact us.
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