Are you a single mother? Do you know how to go about buying a home?

Are there ways a single mom can buy a home with Laura Hill at Local Katy Realty
Are there ways a single mom can buy a home?
















Are you a single mother? Do you know how to go about buying a home?

At Local Katy Realty we will inform you “how to” & give you the best possible path to be a home owner. You won’t have the benefit of having two incomes, but there’s no reason why you can’t become a homeowner. You might want to buy a HUD home. A HUD home is when a government-insured loan (FHA) gets foreclosed & the Federal Housing & Urban Development pays the defaulted loan off, & then puts the home on the market.

Low-Down-Payment Loans

Also, the U.S. Department of Agriculture (USDA), U.S. Department of Housing & Urban Development (HUD) & the Federal Housing Administration (FHA) all have programs that help low-income homeowners to buy a home. Low-income loan programs such as the USDA Rural Development loan provide direct loans with zero percent down.

FHA loans require 3.5 % down; the FHA is more flexible with its qualification guidelines than lenders of conventional loans.

Credit Issues

For single mothers who have had credit issues, particularly resulting from a divorce, or who do not have a credit history of their own, government-backed loan programs make it possible to get exemptions from waiting periods associated with bankruptcy or foreclosure, & are more flexible on credit.


Lenders want to see between 12 & 24 months of clean credit with no late payments, collections or judgments. Arrange to pay off any creditors & stick to your repayment agreements with them. Document your payments by using checks or money orders & keep copies of all agreements. Pay down your debt as much as possible. Lenders also want to see at least two-year’s worth of job history either with the same employer or within the same field.

When it comes to finding the right real estate agent, there is none better than a Realtor like Laura Hill at Local Katy Realty who cares & fights for her clients.