Advice for Buyng a Home in Marshall, Michigan
I thought I would put together some advice for buying a home in Marshall, Michigan. Marshall, Michigan is considered a rural community according to the US Department of Agriculture maps for their Single family Rural Development loan program.
Why is this significant? Well, Marshall has a nice infrastructure as a town, and it is also the seat for Calhoun County. My advice for buying a home in Marshall, Michigan to first time home buyers is to first see if you qualify for the USDA Rural development loan program, if you are looking at financing. This program offers 100% financing, requiring no down payment from the buyer.
They will still have to present an earnest deposit with any offer
they write, but that is often done with $500 to $1000 and that often can be gotten back at closing, especially if the seller agrees to cover the closing costs on the loan. I have closed many homes with Rural Development where the buyers are out of pocket with very little funds, if any.
This allows the buyers additional funds of their own for fixing up their new home, and making it their own. More advice for buying a home in Marshall, Michigan is to buy closer to the city if you want to be on water and sewer, or more out in the rural areas of Marshall if you want to be on well and septic, as the community has both.
Finally, the best advice for buying a home in Marshall, Michigan would be to work with an experienced Realtor that knows the area. I have sold many homes in Marshall, and have many lenders that are familiar with the best first time home buying programs, including USDA Rural Development loans.
I can be reached directly at: 269-441-8182 or through my website at: www.michaeldelaware.com. I look forward to working with you to buy your home in Marshall, Michigan. So that is my advice for buying a home in Marshall, Michigan.