Are you ready to unlock your dream home without breaking the bank? San Diego Realtor Carter Orchulli reveals the secrets to conquering the two biggest concerns in the market today: interest rates and down payments. You'll learn about the game-changing "2-1 buy down" strategy that could save you thousands over the years. And forget the hefty 20% down payment myth! There are incredible home-buying programs like FHA (3.5% down), VA (0% down), and more, designed to put homeownership within your reach. But the savings don't stop there. Whissel Realty's VIP buyer program saves you even more on appraisals, moving trucks, and home warranties.

Hey, this is Carter with Whissel Realty Group, and today I'm going to be talking about one of the biggest concerns that home buyers have right now in this market. So, the biggest concern, as you may know, is going to be interest rates. Now, many people are wondering where interest rates are going to go, or how much is the interest rate, or how much my monthly payment be? So, I'm here to answer a couple of those questions for you and explain where they're going to go and how we can still get you into a home at an interest rate that you love. So, the first and most common way that we're going to get you guys the interest rate that you love is called the 2-1 buydown. So, let's say the home is worth $700,000. So, what we'll do is, in our offer, we will ask the seller for 2% of the purchase price as a seller credit, which would be $14,000. So, at closing, what we'll do is we'll apply that $14,000 to an interest rate buydown, which will allow you to get a 2% lower interest rate for the first year to live in the home and a 1% lower interest rate for the second year you live in the home. To put that into perspective, that means that you'll have around a 5% interest rate, and you'll be saving about $885 a month for the first year you're in the home, and a 6% interest rate the second year, which you're saving $440 a month the second year you're in the home. The next biggest concern that home buyers have is going to be having enough money for a 10 to 20% down payment. While that may have been the standard in the past, that is no longer the case, and there are so many extremely awesome home buying programs out there to help people like you get into the home of their dreams. You're able to take advantage of an FHA loan, which is 3.5% down; a VA loan if you're a veteran, that's 0% down; and even conventional loans are as low as 3% down now as well. So, these are just a few of the home buying programs out there that have been made to help you guys be able to get into the home of your dreams. So, by combining these two programs, asking for 2% seller credits, as well as using a 3% down conventional loan, you're going to be saving thousands of dollars every single year, but still being able to live in the home that you've wanted to buy for some time now. And if you add in our VIP buyer program, you'd be saving even more money on smaller costs such as appraisals, moving trucks, and home warranties. If interest rates or down payments have been keeping you guys on the sidelines for home buying, I hope this video was able to ease some of those nerves and help you guys feel more confident in getting back into the home buying process. If you want to learn more about these programs, feel free to call or text 619-932-6108, and I'd be more than happy to answer any other questions you guys have. Again, this was Carter Orchulli at Whissel Realty Group. Thanks for tuning in. Until next time.

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