Build equity·Live in it or rent it out
*Example based on a $[000,000] purchase with [0.0]% down ($[00,000]) on a 30-year fixed-rate loan at [0.000]% interest, [0.000]% APR, with 360 monthly principal and interest payments of $[0,000]. The $2,000 monthly figure includes estimated taxes and insurance; your actual payment may be higher. The $15,000 figure is the down payment plus estimated closing costs. Rates as of [date] and subject to change. Not all buyers will qualify.
See what you qualify forNo cost. No obligation. A real person calls you back.
You're already making a mortgage payment. It's just your landlord's.
Every month you rent, you build equity for someone else. This program exists to move that equity to your side of the table.
For most families, a home is the biggest asset they will ever own, and the main way wealth gets built and passed down.
Rent is gone the day you pay it. A mortgage payment works differently: part of every payment pays down what you owe, and the part you've paid off belongs to you. That's equity, and it keeps growing whether you think about it or not.
Owning also means a payment you can plan around. With a fixed-rate mortgage, your principal and interest stay the same for the life of the loan, while rents tend to rise year after year. It means a place no landlord can decide to sell out from under you, and something real to hand down to your children.
Equity is the difference between what your home is worth and what you still owe on it. It grows three ways.
Each month, part of your payment pays down your loan balance. Over time, more and more of each payment goes toward what you own instead of interest.
Home values have historically risen over the long run. When your home is worth more, the gain is yours, not a landlord's. Values can also go down in the short term, which is why owning works best as a long-term plan.
A new kitchen, a finished basement, an added bedroom. The right improvements raise what your home is worth. With licensed brokerage and licensed contracting under one roof, we can tell you which ones are worth doing.
Equity isn't just a number on paper. You can borrow against it, use it toward your next home, or sell and keep the proceeds.
Your first home can do more than give you a place to live. There are three common paths, and we'll help you choose the one that fits.
Make it your family's home. Build equity with every payment, put down roots, and stop paying for someone else's investment.
Buy a two-, three- or four-family home, live in one unit, and rent out the rest. The rent from your tenants can cover a large part of your mortgage, and first-time buyer loans can be used for these homes when you live there.
Live in your home for the period your loan requires, typically at least a year, then buy your next home and keep the first one as a rental. Your tenants help pay it down while you keep the equity.
First-time buyer loans are for homes you will live in. We'll make sure the path you choose fits your loan's occupancy rules before you buy.
Five steps from renting to owning. Most people move through them in a few months.
A real conversation about your income, your credit, your savings, and where you want to live. Free, and there is no pitch at the end of it.
You'll leave knowing exactly what stands between you and a mortgage approval, and how long each item takes to fix.
Credit work, savings plan, documentation, homebuyer education. This is the part most people skip, and it's the part that decides the outcome.
We match you to the loan program you actually qualify for, through lenders who work with first-time buyers every day.
We find the house, negotiate it, and walk you through inspection, appraisal, and closing. You are not doing any of this alone.
A clear read on where your score is, what's dragging it, and the fastest legitimate route to where it needs to be.
Live sessions that walk you through credit, budgeting, the mortgage process, and what to expect at closing, so you walk in prepared instead of guessing.
Licensed brokerage and licensed contracting under one roof. We can tell you what a house needs before you buy it, not after.
You will not be handed off between departments or left wondering who to call. The same person is with you from the first conversation through closing day.
This program is sponsored by Todd Eliott Real Estate, licensed real estate broker.
Tell us where you are. Someone will call you back to set up your first conversation.
We'll reach out shortly to set up your first conversation. If you'd rather not wait, call 516-710-3374.
Yes. Many first-time buyer loans can be used for two- to four-family homes as long as you live in one of the units. Lenders may count part of the expected rent from the other units when qualifying you.
Usually, yes. Most first-time buyer loans require you to live in the home for a set period, typically at least a year. After that, many owners buy their next home and keep the first one as a rental. We'll walk through your loan's rules with you.
For many first-time buyers, yes. Your own payment depends on the price of the home, your down payment, your rate, and the property taxes where you buy. We'll run your real numbers in the first conversation.
Many buyers can, depending on the home, the loan program, and closing costs in the area. We'll lay out your actual cash needed in the first conversation.
The first conversation and the guidance are free. When you buy a home, the transaction is compensated the way real estate transactions normally are, and that will be explained to you in writing before you commit to anything.
No. Credit is the most common obstacle we work on, and it's usually the most fixable one. Some people need a few months. Some need longer. Either way you'll know where you stand and what to do about it.
Not necessarily. Some loan programs require very little down, and we'll build a savings plan around your timeline. What you can put down is one input, not the whole answer.
Most first-time buyer loan programs define a first-time buyer as someone who hasn't owned a home in the past three years. Veterans and buyers in certain designated areas may be exempt from that requirement entirely.
It depends entirely on what needs fixing. Someone who is already close can be in a house in a couple of months. Someone rebuilding credit may need a year. We'll give you a realistic timeline in the first conversation rather than an optimistic one.