Green Street Capital, LLC NMLS #2066586

“I’ll never save enough for a house” - we hear this daily from potential homebuyers who believe they need 20% down.
Here’s what you really need to know:

⭐️ FHA loans start at 3% down
⭐️ Conventional loans start at 5%
⭐️ VA loans offer zero down for veterans
⭐️ First-time buyer programs can help with costs

On a $400,000 home, that’s $12,000 vs. $80,000. Quite a difference, right?

While a larger down payment can lower your monthly costs, waiting years to save 20% might cost you more in rising home prices and lost equity.

Comment “DOWN” below to get a free consultation and stop waiting to become a homeowner! 👇

🏡 Exclusive Open House Tour with Ruslan & Anna! 🏡

This week, our mortgage experts Ruslan and Anna are hitting the road, visiting open houses to bring you exclusive insights! Whether you’re looking to buy your first home or thinking about refinancing, they’ve got you covered. Stay tuned for insider tips and expert advice to help you make the best decision on your mortgage journey. 💼💡

🎉 Celebrating 3 Years of Green Street Capital! 🎉

Today marks three incredible years of serving our clients at Green Street Capital! 🏡 Over the past three years, we’ve dedicated ourselves to helping individuals and families find the perfect mortgage solution for their dream homes 🏠 Our commitment to providing expert guidance, personalized service, and tailored mortgage options has been at the heart of everything we do 💼

Thank you to all of our clients for trusting us on your homeownership journey 🙏

Should you tap into your 401K to buy a home?

Are you thinking about dipping into your 401K to buy a home? 🏡 It might seem like a quick solution, but let’s first weigh the pros and cons:

**Pros:**
✅ Quick access to funds for your down payment
✅ Could help you secure your dream home sooner

**Cons:**
❌ Potential penalties and tax liabilities
❌ Could impact your retirement savings

–> But here’s the good news—you can avoid penalties and tax liabilities if you borrow against your 401K instead of withdrawing it. It’s all about making the right move for your future.

–> Another option is to take advantage of the first-time homebuyer exception. If you qualify as a first-time homebuyer, you can withdraw up to $10,000 from your 401K penalty-free (though you’ll still owe income taxes on the amount). This can be a great way to fund your down payment without the usual penalties, as long as it’s your first home or you haven’t owned a home in the past two years.

Let’s chat about what makes sense for you!

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September Homebuyer Readiness Checklist

Are you ready to turn your homeownership dreams into reality this September?
With mortgage rates expected to hover around 6.7% to 6.8% this month, now is the time to be strategic. 💡

Here’s how:

# # # 1. Check Your Credit Score
✔️ If your credit score is below 700, consider paying off any small debts or requesting a credit limit increase on your credit cards (without increasing your spending). This can improve your credit utilization ratio, which is a key factor in boosting your score. 📈

✔️ Example: One of my clients improved their score by 30 points in three months just by paying off a $500 credit card balance and maintaining a low balance afterward. 💳

# # # 2. Start Saving for Your Down Payment
Open a High Yield Savings Account (HYSA) instead of a regular savings account. HYSAs often offer interest rates around 4.5%, compared to the 0.01% that is typical of regular accounts. 💰

Example: By saving $300 a month, you could earn approximately $3,682 over 12 months. This small but significant boost could help you cover moving expenses, for instance. 🏡

# # # 3. Get Pre-Approved
✔️ Don’t just get pre-approved by one lender. Shop around and get quotes from at least three different lenders. This way, you can compare interest rates, loan terms, and fees to get the best deal. 🔍

✔️ Example: I recently had a client who saved $3,000 over the life of their loan just by choosing a lender (Hello 👋) with a slightly lower interest rate and no origination fee. It pays to shop around! 💸

# # # 4. Understand Your Mortgage Options
If you’re a first-time buyer, consider government-backed loans like FHA or USDA, which often have lower down payment requirements. However, if you can afford a larger down payment, a conventional loan might save you money in the long run by avoiding mortgage insurance. 🏦

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Happy Labor Day! 🔨

Today, we celebrate the hard work, dedication, and achievements of all workers. Your efforts make a difference every day, and this day is a reminder to take a well-deserved break and appreciate all that you’ve accomplished.

I’m incredibly grateful to UWM for hosting such a fantastic educational event! The sessions were insightful, the speakers were inspiring, and the entire experience was truly enriching. 🌟 Thank you for all the effort and dedication in organizing this event. Looking forward to more amazing opportunities in the future! 🙌