$3,500 a Month in Rent? Here’s Why You Should Buy Instead

Angelica Figueroa – Helping You Turn Your Dream of Homeownership Into Reality

For many, homeownership feels like an unattainable dream. Whether it’s concerns about credit scores, down payments, or simply not knowing where to start, the process can feel overwhelming. That’s where Angelica Figueroa, a loan officer with 12 years of experience, steps in. As a trusted expert at Interstate Home Loan Center, Angelica has made it her mission to guide clients through the mortgage process, proving that owning a home isn’t just possible—it’s achievable.

In this article, we’ll explore Angelica’s journey, the misconceptions she clears up for clients, and how her personalized approach to financing transforms lives.

Meet Angelica Figueroa: Loan Officer Extraordinaire

Angelica’s career began in 2012, working with mortgage brokers, credit unions, and mortgage bankers. This diverse experience gives her a unique edge in understanding the complexities of financing and offering tailored solutions for every client. But her success isn’t just about numbers—it’s about people.

“I love helping first-time homebuyers,” Angelica shares. “It’s so special to walk families through the process and see their joy when they finally get the keys to their new home.”

Debunking Common Mortgage Myths

If you think you can’t buy a home because of your credit score or savings, Angelica has news for you. Two of the biggest misconceptions she encounters are:

1. “I need perfect credit to buy a home.”
   • The truth: You can qualify for a mortgage with a credit score as low as 580. FHA loans are designed to help buyers in challenging credit situations secure financing.
2. “I need 20% for a down payment.”
   • The truth: Conventional loans require as little as 3–5% down, and FHA loans need just 3.5%. “With the right guidance, you don’t have to wait years to save for a massive down payment,” Angelica explains.

The Power of Pre-Approval

One of Angelica’s first steps with new clients is securing pre-approval. This process involves evaluating your credit, income, and financial history to determine how much you can borrow. Pre-approval isn’t just a formality—it’s your ticket to making confident offers on homes.

“Pre-approval helps you understand what you can afford and sets realistic expectations,” Angelica says. “It’s also a great way to spot any financial roadblocks early, so we can address them.”

First-Time Homebuyer Tips

Angelica’s passion for first-time buyers shines through in the advice she shares. Here are her top tips for anyone preparing to buy their first home:

1. Check Your Credit: Review your credit report for errors and take steps to improve your score. A higher score means better rates.
2. Start Saving Early: Even with low down payment options, you’ll need funds for closing costs and reserves. Angelica suggests creating a monthly savings plan.
3. Explore Grants: Programs like the Town of Brookhaven’s $50,000 grant for first-time buyers can significantly reduce upfront costs. “Grants are a game-changer,” Angelica says. “But make sure you understand the terms, like residency requirements.”
4. Work With an Expert: Navigating the home buying process is easier with someone who knows the ins and outs. “Don’t go it alone,” Angelica advises. “Having the right team makes all the difference.”

Real Estate Investing: Building Wealth Through Homeownership

For those looking beyond their first home, Angelica offers strategies for turning properties into wealth-building investments.

“Your first home doesn’t have to be your dream home,” she says. “You can rent it out, use home equity to fund a second property, and create a portfolio that generates income.”

Here’s how Angelica helps clients transition from homeowners to investors:

1. Using Home Equity: Take out a home equity loan or line of credit to finance your next purchase.
2. Evaluating Rental Income: Determine how much rent your current property can generate and use it to offset mortgage payments.
3. Finding the Right Loan: Angelica guides investors toward Non-Qualified Mortgages, which don’t rely on tax returns and are ideal for self-employed individuals.

Success Stories That Inspire

Angelica’s dedication to her clients has led to countless success stories. One of her favorites involves a young couple with a baby who thought homeownership was out of reach.

“They came to me after being denied by a big bank,” Angelica recalls. “We reviewed their finances, found a grant to supplement their down payment, and got them into a two-bedroom home within months. Seeing them at the closing table was unforgettable.”

These stories fuel Angelica’s passion for her work. “Helping families find stability and security in their own homes—it’s why I do what I do.”

Advice for Potential Buyers

Angelica knows that taking the first step toward homeownership can feel daunting. Her advice? Start small and stay informed.

“Knowledge is power,” she says. “Learn about your options, meet with a loan officer, and don’t be afraid to ask questions. Even if you’re not ready now, we can create a plan to get you there.”

Connect With Angelica Figueroa

Whether you’re buying your first home or exploring investment opportunities, Angelica is here to help. Her personalized approach ensures you’ll have the tools and knowledge needed to achieve your goals.

• Instagram: @Angelica_YourMrtgLoanOfficer
• Phone: 631-636-4415

For more real estate insights and to explore homes for sale in Long Island, NY, visit www.dreamselectrealty.com.

Closing Thoughts

Angelica Figueroa is more than a loan officer—she’s a champion for homebuyers and a trusted advisor for anyone navigating the real estate market. With her expertise, compassion, and commitment to client success, Angelica proves that the dream of homeownership is not only real but within reach.

Whether you’re starting your journey or planning your next move, Angelica’s guidance can make all the difference. Contact her today and take the first step toward your dream home.