I had moved up to Kingston, NY when I was 22 out of college and jobless to move in with my mom. I then found a house to rent and eventually I would leave to rent a small apartment more affordable.
I got a great job working with the county as well.
Things were going great but I had learned I was pregnant and my apartment was growing mold, my showers were scolding me and I couldn't put my baby at risk.
I ended up back at my moms house living in the basement. She decided she was going to build me an apartment, not knowing I was expecting.
At 24 I wasn't really sure what to do or say to anyone about expecting my first and only child.
I finally told my mom and she put me in touch with the first time home buyer program. I went through some great classes with them and started searching for homes.
I eventually found a small home that I wasn't in love with, but it was in the right budget. I needed 3,000 for closing costs.
So I saved for a few months and closing ended up getting postponed each week. Weeks turned into months (March-October to be exact). I was ready to give up and look for something else.
I finally got the call October 2, 2009 that they were ready to close on my house.
Later that day I went to the bank, closed on my house and got a check from the bank BACK in the amount of 3K ( what I had put down).
The first time buyer program also paid for the repairs to my house and had a Lien on it for 10 years.
The evening that I bought my home, I would go in labor with Gia.
I recovered at my mothers house, but only for a few days and then I got to nesting in the house.
By day 6 after my cesarean birth I was painting my home.
I bought my home for 92K... a cute little thing in the ruff... over the ten years I turned it into my little sanctuary, where I don't live over my means and I don't have insane house bills.
10 years later I ended up having my Lien removed from the first time buyers and I was even able to refinance at a lower interest rate.
When we were looking for comps in the area the banks told me they were going for 160-180K.
I'm sitting on a lot of equity right now in the market... and that feels like a great investment!
PS- ask me if I love it and I'll tell you a bit more!