Finding the Right Home
Welcome to Our Guide: Debunking Home Buying Myths and Finding the Right Home
Buying a home can feel overwhelming, especially if you’re unsure where to start. At AAA Capital Funding, we’re here to simplify the process, clear up confusion, and help you feel confident about taking the next steps.
In this section, we’ll tackle three common home buying myths:
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What to consider when buying your first home
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The types of homes eligible for mortgage financing
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Government-backed programs like FHA loans that can make homeownership more accessible
Myth #1: “I don’t even know what to look for in a home.”
Before you start browsing listings, take some time to identify your needs and goals. Ask yourself:
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How big is your household? Is it just you, you and a partner, or do you have (or plan to have) kids? Maybe you need space for a home office, guests, or a future nursery.
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What location fits your lifestyle? Do you want to be near public transportation, in a walkable area, or somewhere more rural with more land? How important is your commute? Are school districts a factor?
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What type of home fits your lifestyle? Not everyone wants to maintain a yard or fix a roof. A condo or townhouse might be a better fit—and we’ll help you understand the financial differences, including HOA fees that factor into loan qualification.
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What features matter most? Create a prioritized list of must-haves and nice-to-haves: bedrooms, bathrooms, fenced yard, garage, updated kitchen, etc. This will help you stay focused and avoid being distracted by features that don’t match your core needs.
Most importantly, know what you can afford before you start looking. Falling in love with a home outside your budget can be a major disappointment. Talking with a loan officer at AAA Capital Funding early in the process will give you a realistic price range and a smart starting point.
Myth #2: “Only certain types of homes can qualify for a mortgage.”
There’s a wide variety of homes you can finance, especially with our team by your side. At AAA Capital Funding, we finance:
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Single-family homes
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Townhomes and row homes (villas)
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Condominiums
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2–4 unit properties (duplexes, triplexes, fourplexes)
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Some manufactured homes
Yes—you can purchase a multi-unit property (2–4 units) with as little as 3.5% down if you live in one of the units. It’s a great option for building wealth through rental income.
We’re proud to offer 100% financing for Veterans through the VA loan program.
Condominiums can be tricky. A property may look like a townhome or be listed as one, but legally be a condo. That legal distinction matters, and we’ll help you determine exactly what kind of property it is to make sure you get the right loan.
We also finance certain manufactured homes (also known as mobile homes or double/triple wides), but there are exceptions. Properties we typically do not finance include hotels, motels, fully commercial buildings, or some mixed-use properties.
Myth #3: “I can’t buy a home that needs repairs.”
Many buyers shy away from fixer-uppers, thinking they’re too risky or unaffordable. But with the right loan program, you can buy and renovate with a single mortgage.
At AAA Capital Funding, we offer two FHA 203(k) renovation loan options:
FHA Standard 203(k) – For Major Renovations
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Allows structural repairs, additions, and significant upgrades
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Based on the future appraised value after improvements
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Requires a minimum of $5,000 in renovations
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Must use a HUD-approved 203(k) consultant
Eligible improvements include kitchen remodels, foundation repairs, room additions, and major system replacements (plumbing, HVAC, electrical).
FHA Limited 203(k) – For Minor Repairs
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Up to $35,000 in renovation costs
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No 203(k) consultant required (but optional)
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Great for non-structural upgrades like flooring, appliances, painting, or patio repairs
These loans are a powerful way to turn a not-quite-perfect home into your dream property—with financing that makes it achievable.
Bonus Program: $100 Down HUD Homes
Looking for a great deal? Ask us about HUD REO properties—homes acquired by HUD after a foreclosure on an FHA loan. These homes are often listed below market value and come free of liens.
With AAA Capital Funding, you may qualify to buy a HUD home with just $100 down.
Let’s Find the Right Path to Homeownership—Together
We offer a full suite of loan programs, including:
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FHA and VA Loans
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Conventional (Fannie Mae & Freddie Mac)
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HomeReady & Home Possible
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Non-conventional programs
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Down payment & closing cost assistance
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Renovation and rehabilitation loans
Whether you’re buying your first home, upgrading to fit your lifestyle, or investing in a multi-unit property, AAA Capital Funding is here to help.
📞 Call us today at 954-390-7994 or 888-601-8344 to review your situation and explore the best path forward.
Ready to Take the Next Step Toward Homeownership?
If you’re looking to become more informed and confident in the home buying process, AAA Capital Funding is a great place to start. As your local mortgage experts, we’re here to guide you every step of the way.
Whether you’re a first-time homebuyer or just exploring your options, we’ll review your unique situation and help you understand the best path forward. From answering common questions to explaining the many loan programs available, our team is here to make things clear, simple, and personalized.
We’re also a trusted resource for:
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First-time homebuyer tips
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General home buying guidance
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Down payment assistance and affordable loan options
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Understanding what you can afford and how to get pre-approved
At AAA Capital Funding, we believe in building strong, inclusive communities by helping people access quality, affordable housing.
📞 Call us today at 954-390-7994 or 888-601-8344 to find out which mortgage program is right for you.
Let’s make your path to homeownership clear, achievable, and exciting.
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