Martinsburg WV - NMLS #969785

55 Meridian Parkway - Suite 101

Tel: 304.263.1000 - Fax: 304.263.1001

Charles Town WV - NMLS #1564363

119 West Washington Street 

Tel: 304.725.2000 - Fax: 304.725.2100

Morgantown WV - NMLS #1181886

1704 Mileground Road - Suite B 

Tel: 304.598.0000 - Fax: 304.598.0010

© 2019 Sierra Pacific Mortgage Company, INC  - NMLS #1788  (www.nmlsconsumeraccess.org)

Regional branches represented by this website are licensed to originate mortgages in WV, VA, PA, MD. These Branches Are Not Licensed in New York

  • Moises Cardenas

The Top 3 Reasons People Believe They Can't Buy a Home

Updated: Aug 28, 2019




Purchasing a home is a big deal, and while it is in the future for a lot of people, some feel as though it will never be possible. Purchasing a home comes with a lot of myths and misconceptions, and it causes a lot of people to feel as home ownership will never happen.


Something related to Credit

Did you have a bankruptcy, divorce, or something similar that caused your credit to change significantly or make a change? Many people believe that they have to wait up to 7 years in order to be eligible for a house purchase after an event on your credit. Some programs will allow you to be eligible after only 2 years.





I Don't Have 20% Down

While it's a common misconception that you need atleast 20% down, that is not true for all programs. There are programs where you can qualify with 0% down financing. There are many options and programs and they all vary, we'll work with you to find the best option to fit your budget.





It Just Feels Impossible

You may just not even know where to start the homebuying process. You may have better credit than you think you do, we can run a full analysis to give you an accurate look to see what you qualify for. You may think that you may not even be able to afford it, many times owning your own home and paying a mortgage is actually cheaper than renting.


If you want help to achieve your dreams of home ownership, contact one of our qualified mortgage lenders for more information.