PrivateMI Helps Homeowner Move Up to Larger Home
Jan wasn’t able to put as much down as she had planned because she did not get the asking price for her condo, but with PrivateMI from Triad Guaranty Insurance Corporation, she was able to buy the house that she wanted with a 5 percent down payment.
Jan purchased a three-bedroom, two-bath house with a yard and detached garage. Though she had two condominiums prior to this, it is the first house that she has owned.
In addition to helping people purchase the home they want for less money down, PrivateMI also helps buyers like Jan afford more house with less than the 20 percent down payment required for a typical loan.
“I’m kind of numb right now. I don’t think it’s hit me, but I do love it. I think it’s even nicer than I thought it was when I first looked at it. I’m thrilled!” said Jan, a 50-year-old Medi-Cal specialist.
Jan’s sister and brother-in-law, who is a real estate agent, helped her look for a new home. She found her house, which is just a stone’s throw from her old condo, in about two weeks. The new house has more room, plenty of storage, sunny windows and vaulted ceilings in the living room, dining room and master bedroom as well as space for a table in the kitchen. Jan also has a garage for her car and a fireplace for the first time.
“I had outgrown my condo and was pretty crowded there, but to have this much space still seems amazing to me,” she said.
Her old condo had two patios and a small area where she kept a lot of plants, but the new house has a good-sized yard and mature trees with much more space to garden. Jan loves the yard and looks forward to putting out bird and wildlife feeders.
The yard also has room for Jan’s pet rabbits that had been living in “foster care” while she sold her condo. Her four Netherland Dwarf rabbits will be standing on real grass for the first time this spring.
Jan likes her quiet, well-kept street in the Natomas area of Sacramento, California. Her office remains less than three miles away, an important factor when she began looking for a house. At one time, before an office change, Jan had commuted 30 miles in each direction, and it was important to her to keep her drive to work short. Jan says that while she had never made a short commute a priority before, “once I had it I thought, ‘Why move away now?’”
Although the house needs some work, Jan likes the idea of making all the choices herself. Her first priority is to clean and organize the house, and then she’s planning to turn her attention to getting the yard in shape and doing some spring planting. Her other future projects include painting the exterior, finding new window coverings, and getting a new stove and dishwasher. “It just needs a little TLC,” she said.