Moving to a new state can be daunting, especially if you’re a first time homebuyer or a retiree looking to downsize.
The good news is that while it can be overwhelming, moving can actually make financial sense for someone on a tight budget. This is especially true for remote workers who have managed to secure the flexibility of working from home.
According to Mortgage Research Network, numerous rural cities nationwide have introduced significant cash incentives to draw in new residents. Although the USDA has long supported these regions with 0% down payment loan options, local communities are increasingly providing their own incentives, some even equivalent to at least 3% of the average home price in the area, which is the minimum down payment required for a conventional mortgage…