2024 Best mortgage lenders for first time home buyers - Today’s mortgage interest rates are rising for the first time this week. Here are the latest rates for popular home loans: 30-year fixed: 7.80% 15-year-fixed: 7.02% …

 
Andrews Federal Credit Union: Best for first-time home buyers; Alliant: Best for jumbo loans; ... Some top online mortgage lenders aren't available to borrowers in every state.. Best mortgage lenders for first time home buyers

Availing of a home loan is a huge undertaking. That is why the government has introduced several provisions in the Income Tax Act to lessen the home loan burden on the …Government agencies sell real estate and federal lands either by auction or offer. Federal agencies acquire these properties through foreclosure, forfeiture, or failed banks. Learn about government programs that make it easier to buy a home, including loans, mortgage assistance, and vouchers for first-time home buyers. FHA Loans | 3.5% Down. FHA loans have a slightly higher down payment requirement than conventional loans with fewer restrictions for buyers with lower credit scores. Lenders prefer a credit score of 580 …On Bankrate's website Insider’s Rating 4.5/5 Perks Offers many unique mortgages, including bridge loans, energy-efficient mortgages, and mortgages for those who have no Social Security...FHA Loans | 3.5% Down. FHA loans have a slightly higher down payment requirement than conventional loans with fewer restrictions for buyers with lower credit scores. Lenders prefer a credit score of 580 …Feb 22, 2023 · 5.0/5. Bottom Line. Rocket Mortgage, originally known as Quicken Loans, led the transition to a full digital experience and online-only applications. Its seamless process is one reason why it has ... Our Homebuyers Choice loans offer 100% financing on purchases, making them a great choice for first-time homebuyers. ... Our Home Buying Center has everything you ...Freddie Mac Home Possible loan. The Freddie Mac Home Possible Mortgage helps low-income buyers own a home. The down payment is as little as 3%, the income limit is 80% of the Area Median Income, and mortgage insurance can be canceled after the loan balance is 80% or less of the home’s appraised value.Spacepirateroberts. • 2 yr. ago. Step 1: get pre-qualified, search for the best api/intrest rates ect. Step 2 google houses in your area, find one you kinda like and type in your contact information to the site and before you know it you'll get half a dozen realtors calling/emailing you to setup a showing. The Teacher Next Door program helps teachers, administrators and educational support staff, including coaches, maintenance staff and bus drivers, find housing assistance programs and benefits ...St. Louis first-time home buyers. The median home price in St. Louis was $225,000 in August 2023. That was an increase of 5.9% year-over-year, according to Redfin. If you want to buy a home at ...See full list on fool.com If you have a mortgage with First American Home Loans, you may want to consider using their online portal, First American Home Login. This portal offers a variety of benefits that can make managing your mortgage easier and more convenient.FHA: The Federal Housing Administration insures and sets the rules for FHA mortgages.Borrowers with a credit score of 580 or higher can make a down payment of 3.5%. Borrowers with a credit score ... When making a home purchase, only around 32% of aspiring homeowners are cash buyers. That means, for the majority, turning to mortgages is the norm. At the start of that process, homebuyers typically get preapproved, ensuring they know the ...24 ago 2023 ... ad #mortgage #createfinance In this video, Gindy reveals the names of three mortgage lenders that he believes offer some of the best ...The CHFA Downpayment Assistance Program (DAP) for first-time homebuyers offers low-interest second mortgages up to $20,000 to be put towards a down payment or closing costs. For loans made in 2023 ...Jul 15, 2023 · A wide range of mortgage options are available for first-time home buyers through the Georgia Dream program, including 30-year fixed-rate Federal Housing Administration (FHA), Department of ... As you own your home for some years, pay down your mortgage, and make improvements to the property, you build equity. Just like your home served as collateral for your original mortgage, earning you a good interest rate, this equity can als...KEY POINTS. First-time home buyers in California can get down payment and closing cost assistance in the form of second mortgages and forgivable loans. MyHome Assistance and Zero Interest offer ...The Idaho Housing and Finance Association offers purchase and refinance loans through a network of approved lenders for first-time and repeat home buyers, as well as down payment and closing costs ...Best Mortgage Options for First Time Home Buyers · USDA loans are a great first-time homebuyer option for those who qualify, as they offer several unique ...Canadian first-time home buyers aren’t required to purchase home insurance, but good luck trying to get a mortgage without it. Most lenders require all prospective home buyers to buy home insurance (not to be confused with mortgage insurance, which protects the lender in case you default on your mortgage).In addition to the DreaMaker loan, Chase also offers a conventional loan, FHA loan, VA loan and jumbo loan (USDA loans and HELOCs are not offered by this lender). Much like other lenders, Chase ...Here are some of our favorite lenders for first time buyers in Connecticut: 1. Best for Bank Statement Home Loans: Angel Oak Mortgage Solutions. Angel Oak Mortgage Solutions is a full-service ...Government agencies sell real estate and federal lands either by auction or offer. Federal agencies acquire these properties through foreclosure, forfeiture, or failed banks. Learn about government programs that make it easier to buy a home, including loans, mortgage assistance, and vouchers for first-time home buyers.Florida Housing Mortgage Credit Certificate: First-time home buyers may also be eligible for a tax credit. The credit is based on a percentage of the mortgage interest you pay up to a limit of $2,000.The prime rate is basically the “standard” lending rate that your lender offers. currently 7.2% That means that if the prime rate goes up or down, so will your mortgage rate and your monthly ...Negotiate closing costs and ask for concessions. For a buyer, closing costs are fees you pay for your mortgage lender’s services. They include expenses like title insurance, lawyer fees and your ...Oct 20, 2023 · A conventional 97 loan let’s eligible home buyers borrow up to 97% of the home’s value with a down payment as low as 3%. To qualify, at least one borrower must be a first-time home buyer. You’ll need a minimum credit score of 620 and you’re also required to pay private mortgage insurance (PMI). This is the go-to program for many first-time home buyers with lower credit scores. The Federal Housing Administration allows down payments as low as 3.5% for those with credit scores of 580 or ...Qualified home buyers get a favorable interest rate in SONYMA’s Low Interest Rate Program. The program lets you lock in an interest rate for 120 days for existing housing, or 240 days for co-ops ...From renter to homeowner, get the most out of your budget. Apply for a first time home loan in 15 minutes with Abby, our digital assistant.A first home buyer loan provides first-time property buyers with the means to break into the housing market. While it works as a regular mortgage, some lenders offer first home buyers rate discounts, waiver on fees, and free loan features that can help them manage their finances while they service their loans. Types of home loan interest ratesWhile many homeowners are familiar with mortgages, many are not as familiar with the reverse mortgage. Reverse mortgages are a unique financial vehicle that allows homeowners to unlock the equity they have built up in a home.Forbes Advisor compiled a list of lenders that offer first-time home buyers low-down-payment mortgages, specialty loans, flexible underwriting and reasonable costs to simplify your...A conventional 97 loan let’s eligible home buyers borrow up to 97% of the home’s value with a down payment as low as 3%. To qualify, at least one borrower must be a first-time home buyer. You’ll need a minimum credit score of 620 and you’re also required to pay private mortgage insurance (PMI).A conventional 97 loan let’s eligible home buyers borrow up to 97% of the home’s value with a down payment as low as 3%. To qualify, at least one borrower must be a first-time home buyer. You’ll need a minimum credit score of 620 and you’re also required to pay private mortgage insurance (PMI).Qualified home buyers get a favorable interest rate in SONYMA’s Low Interest Rate Program. The program lets you lock in an interest rate for 120 days for existing housing, or 240 days for co-ops ...In this series Mortgages for First-Time Home Buyers. First-time homebuyer guide. ... Best mortgage lenders for first-time homebuyers in 2023. Best Lenders. 7 min read Aug 25, 2023Reverse Mortgages are convenient loans that give you cash using your home’s equity. Some people find these loans help them, but they can lack the flexibility others offer. In order to decide whether a reverse mortgage is ideal for your circ...FHA: The Federal Housing Administration insures and sets the rules for FHA mortgages.Borrowers with a credit score of 580 or higher can make a down payment of 3.5%. Borrowers with a credit score ... Nov 9, 2023 · 5 Tips for Finding the Best Mortgage Lender. Homebuying Process: 15 Steps to Buying a House. Compare current mortgage rates. ... Tips for First-Time Home Buyers. by Barbara Marquand. Read more. Go to a mortgage broker, a traditional bank, and an online bank. Shop around and get them to drive eachother down. In My experience the broker has always won. But the online bank was really quick with documents, so that was who we used to submit offers with as they could quickly get us a pre-approval letter. 1. Aug 25, 2023 · Bankrate looked closely at several key criteria to help narrow down the top mortgage lenders for first-timers, including first-time buyer and low-down payment loans and down payment... Negotiate closing costs and ask for concessions. For a buyer, closing costs are fees you pay for your mortgage lender’s services. They include expenses like title insurance, lawyer fees and your ...An FHA mortgage is often the best mortgage for a first-time buyer. FHA mortgages appeal to people whose finances aren't in the best shape yet, since the …Canadian first-time home buyers aren’t required to purchase home insurance, but good luck trying to get a mortgage without it. Most lenders require all prospective home buyers to buy home insurance (not to be confused with mortgage insurance, which protects the lender in case you default on your mortgage).Qualified home buyers get a favorable interest rate in SONYMA’s Low Interest Rate Program. The program lets you lock in an interest rate for 120 days for existing housing, or 240 days for co-ops ...First-time homebuyer programs are available to help qualified borrowers achieve the dream of homeownership. Depending on the program, buyers who have previously owned a home may also qualify for first-time homebuyer loans and programs if they haven’t owned property in the past three years. Mortgage lenders, local …Buying a home is one of the biggest investments you’ll ever make. But, if you’re looking for an affordable way to get into the housing market, buying a repo home may be the perfect option for you. Repo homes are homes that have been reposse...If you find the sums just aren’t adding up, some help available to first-time buyers: Lifetime ISA: These accounts offer a government bonus of £1 for every £4 you save, which can be put ...Nov 29, 2023 · Best North Carolina Mortgage Lenders of 2023. Farmers Bank of Kansas City: Best for Online Loan Application. New American Funding: Best for low APR. Rocket Mortgage: Best for customer service ... The Conventional 100 mortgage is a no-money-down down payment assistance program for U.S. home buyers. It’s available to first-time home buyers in partnership with Homebuyer.com. The Conventional 100 gives access to 100% financing, reduced mortgage insurance rates, and generous approval standards.If you are ready to get a mortgage you are in luck. Currently mortgage rates are the lowest they have been in a long time. Mortgages are a long commitment so doing the process right will mean you are free of headaches and high fees for the ...5 Tips for Finding the Best Mortgage Lender. Homebuying Process: 15 Steps to Buying a House. Compare current mortgage rates. ... Tips for First-Time Home Buyers. by Barbara Marquand. Read more.Eligibility requirements. 620 minimum credit score. Complete an in-person or online CHFA home buyer education course. Meet income limits, which vary by location and household size. Make a minimum ...First-time home buyers can reduce their mortgage interest rate by 0.5% or 1%, depending on family income. As the program's name suggests, income limits apply. The interest rate reduction applies ...Oct 26, 2023 · Down payment assistance loans. Many first-time homebuyer programs offer a lower-cost first mortgage to help you buy the home, then a second mortgage to help you cover your down payment and closing ... Go to a mortgage broker, a traditional bank, and an online bank. Shop around and get them to drive eachother down. In My experience the broker has always won. But the online bank was really quick with documents, so that was who we used to submit offers with as they could quickly get us a pre-approval letter. 1.Generally, a first-time buyer is expected to put down a deposit of at least 10% of a property’s purchase price. It’s possible to have only a 5% deposit and get a 95% mortgage, but there are risks in having to borrow such a large amount, as our guide to 95% mortgages explains. The more you can save for a mortgage deposit, the more equity (or ... Benefits of being a first-time home buyer. If you're looking to buy a house in 2023 or aiming for homeownership next year, a lower down payment and credit-score flexibility are two of the biggest ...Jun 27, 2023 · Qualified home buyers get a favorable interest rate in SONYMA’s Low Interest Rate Program. The program lets you lock in an interest rate for 120 days for existing housing, or 240 days for co-ops ... This is the go-to program for many first-time home buyers with lower credit scores. The Federal Housing Administration allows down payments as low as 3.5% for those with credit scores of 580 or ...Bankrate looked closely at several key criteria to help narrow down the top mortgage lenders for first-timers, including first-time buyer and low-down payment loans and down payment...Bringing a new cat into your home is an exciting and rewarding experience. However, before you rush to buy a cat, it’s important to ensure that your home is prepared to welcome your new feline friend.Summary: 2021 KHC first-time home buyer programs. Conventional Preferred Program for low income borrowers with a down payment of just 3%. Conventional Preferred Plus 80 Program for a down payment ...The CHFA Downpayment Assistance Program (DAP) for first-time homebuyers offers low-interest second mortgages up to $20,000 to be put towards a down payment or closing costs. For loans made in 2023 ...KeyBank's Key Community Mortgage is an incredibly affordable option for low-to-moderate income borrowers or those in eligible areas. The bank also offers also offers a $5,000 closing credit to ...FHA loan benefits for first-time home buyers. Minimum down payment requirement is 3.5% (on a $200,000 loan, that’s just $7,000) To qualify for a 3.5% down payment, you’ll need a credit score ...Get Ready for Take Off. Rocket Mortgage ® is an online mortgage experience developed by the firm formerly known as Quicken Loans®, America’s largest mortgage lender. Rocket Mortgage® makes it ...What is the best way to get a first home loan? · 1. Variable rate home loans · 2. Fixed rate home loans · 3. Split rate home loans · 1. Principal and interest home ...Nov 29, 2023 · Best Maryland Mortgage Lenders of 2023. New American Funding: Best for low APR. Rocket Mortgage: Best for customer service. NBKC Bank: Best for online application & VA loans. First Horizon Bank ... Summary: 2021 CHFA first-time home buyer programs. HFA Advantage and HFA Preferred loans with low interest rates and lower mortgage insurance premiums. Military Mortgage Option with interest rate ...Fortunately, there are mortgage products specially designed for every stage of the homeowning journey. Whether you’re a first-time buyer, switcher or home mover, there’s a lender to meet your needs and a mortgage to match. If you’re a first-time buyer, take your time to understand how mortgages work and what stepsQualified home buyers get a favorable interest rate in SONYMA’s Low Interest Rate Program. The program lets you lock in an interest rate for 120 days for existing housing, or 240 days for co-ops ...Benefits of Home Loan: Unlock the key to homeownership with our guide to the financial significance of home loans. Discover how home loans empower first-time buyers.May 9, 2023 · The Texas Department of Housing and Community Affairs (TDHCA) handles all of the state’s first-time home buyer offers, including program and My First Texas Home. This program is a 30-year. It’s also paired with down payment and closing cost assistance that could be worth as much as 5% of your new home’s value. Lexington first-time home buyers. The median listing price for homes in Lexington was $341,364 in July 2023. That was trending up 17.1% year-over-year, according to Realtor.com. At those home ...When making a home purchase, only around 32% of aspiring homeowners are cash buyers. That means, for the majority, turning to mortgages is the norm. At the start of that process, homebuyers typically get preapproved, ensuring they know the ...11 feb 2023 ... An FHA loan is a top-rated first-time home-buying loan. Many home buyers opt to get a loan through FHA mortgage providers. The Federal Housing ...Flex loans can be used by first-time or repeat home buyers, and offer competitive 30-year, fixed-rate home loan products. Flex Direct generally offers the best rates, but doesn't include down ...If you are a first time home buyer and you're wondering who the top 10 lenders are for your needs, you have come to the right place.Summary: 2021 CHFA first-time home buyer programs. HFA Advantage and HFA Preferred loans with low interest rates and lower mortgage insurance premiums. Military Mortgage Option with interest rate ...FHA loans are financed by the Federal Housing Administration for first time home buyers. These loans typically have below-market interest rates, low down payment options (3.5% minimum) and low ...Jul 27, 2023 · To help you pinpoint the best mortgage lenders for first-time buyers, here’s an overview of the types of mortgage lenders you can compare: Banks: Banks offer banking, investing and... Best mortgage lenders for first time home buyers

Down Payment Assistance (DPA) A down payment is a large initial expense that’s a percentage of the home’s purchase price. A down payment is required for most …. Best mortgage lenders for first time home buyers

best mortgage lenders for first time home buyers

What type of loan is best for first-time buyers? First-time homebuyers often gravitate toward government-backed mortgages like FHA loans thanks to their less …Jan 12, 2021 · This is the go-to program for many first-time home buyers with lower credit scores. The Federal Housing Administration allows down payments as low as 3.5% for those with credit scores of 580 or ... 1 day ago · Fairway Mortgage Best for First-Time Homebuyers: 620: 3%: 30–45: Bank of America Best Big Bank Lender: Not disclosed: 3%: Not disclosed: Prosperity Home Mortgage Best for Bad Credit: 600: Not ... Negotiate closing costs and ask for concessions. For a buyer, closing costs are fees you pay for your mortgage lender’s services. They include expenses like title insurance, lawyer fees and your ...The First-Time Home Buyer Incentive is a shared-equity program first-timers can enter with the federal government. Qualifying buyers borrow either 5% or 10% of a home’s purchase price from the ...First-time home buyers and repeat buyers may qualify for down payment assistance of either 2.5% or 5% of the home’s purchase price. The larger assistance amount comes with a higher interest rate ...A FHA loan is one which is insured by the Federal Housing Administration. FHA does not actually loan the money itself, but rather insures home mortgage loans issued by banks and other FHA-approved lenders so that the lender has reduced risk...Federal Housing Administration (FHA) loan. The minimum down payment for an FHA loan is 3.5% with a credit score above 580 and 10% for credit scores from 500 to 579. Freddie Mac Home Possible. This ...11 feb 2023 ... An FHA loan is a top-rated first-time home-buying loan. Many home buyers opt to get a loan through FHA mortgage providers. The Federal Housing ...Paterson first-time home buyers. In July of 2023, the median list price for a home in Paterson was $435,000. According to Realtor.com, home prices actually decreased by 2.6% annually. If you want ...First-time home buyers should shop around to find the best lender for their mortgage. ...What you need to know: The Helping To Own program offers down payment assistance for low- to moderate-income first-time home buyers who get FHA loans. The assistance is a grant of up to 3.5% that ...North Carolinians who qualify can nab up to 25% of the home sales price, or a maximum of $50,000, whichever is less. This is a no-interest, deferred 30-year second mortgage, which means that as long as you live in the home for that entire time frame, you won’t have to make monthly payments on this form of assistance.Loans for first-time buyers: Conventional, FHA, VA and jumbo. Minimum credit score: 580 to 620. Minimum down payment: 3% to 5%. Availability: Nationwide. View Rates. Rocket Mortgage has a ...5.0. NerdWallet rating. Min. credit score. 620. Min. down payment. 3%. Check Rate. First-time home buyer programs may offer down payment and closing cost assistance, reduced interest rates and ...Reverse Mortgages are convenient loans that give you cash using your home’s equity. Some people find these loans help them, but they can lack the flexibility others offer. In order to decide whether a reverse mortgage is ideal for your circ...An FHA loan is a great option for first-time homebuyers, and often features approval guidelines that are much more flexible when it comes to your credit history and background. With some down payments as low …The best mortgage lenders, including for first-time buyers, jumbo borrowers, self-employed borrowers and for low interest rates. Our picks include Rocket Mortgage, loanDepot, Chase, Better and more.An FHA mortgage is often the best mortgage for a first-time buyer. FHA mortgages appeal to people whose finances aren't in the best shape yet, since the …3 nov 2023 ... How We Found the Best Mortgage Lenders. Win The House You Love. 168K subscribers. How To Choose The Best Mortgage Lender (First Time Home Buyers).Once you have financing in place, it’s time to hit the market. These tactics will help you put your best foot forward when looking at homes and submitting offers: 10. Work With A Real Estate Agent. Hiring a real estate agent or REALTOR ® is an invaluable step for first-time home buyers.A reverse mortgage lets you access your home’s equity without needing to make payments to the reverse mortgage lender, creating a reliable source of income for you. However, reverse mortgages are often complex, and the nature of the loans c...Oct 13, 2023 · Nerdy takeaways. FHA loans allow down payments as low as 3.5% with a 580 FICO or 10% with a 500 FICO. The federal government insures FHA loans, but the loans are issued by private lenders ... AmeriSave Easy to get started Rocket Mortgage AUTHORIZED PARTNER Loans for first-time buyers: Conventional, FHA, VA and jumbo Minimum credit score: …A FHA loan is one which is insured by the Federal Housing Administration. FHA does not actually loan the money itself, but rather insures home mortgage loans issued by banks and other FHA-approved lenders so that the lender has reduced risk...If you have a mortgage with First American Home Loans, you may want to consider using their online portal, First American Home Login. This portal offers a variety of benefits that can make managing your mortgage easier and more convenient.KeyBank's Key Community Mortgage is an incredibly affordable option for low-to-moderate income borrowers or those in eligible areas. The bank also offers also offers a $5,000 closing credit to ...Lenders typically offer mortgages with the best terms and lowest interest rates to borrowers with DTIs of 36% or lower. To improve your DTI, you’ll need to either pay down your debt or increase your monthly income. Save for a larger down payment. Many mortgages require a down payment of at least 20% of the home's sale price.Why It Made the Cut: PNC Bank offers customers a closing grant of up to $5,000 for qualified buyers, which can make a huge difference in the costs a first-time home buyer is responsible for at ...This NJHMFA program offers $10,000 in closing cost and down payment assistance to first-time home buyers. That amount is offered as a 0% interest loan that is forgiven in five years. Specific ...Nov 29, 2023 · The Best First-Time Homebuyer Loans See Offers NBKC Bank 4.7 Min. Down Payment 3% Min. Credit Score 620 See Offers Farmers Bank of Kansas City 4.7 Min. Down Payment 3% Min. Credit Score 620... Canadian first-time home buyers aren’t required to purchase home insurance, but good luck trying to get a mortgage without it. Most lenders require all prospective home buyers to buy home insurance (not to be confused with mortgage insurance, which protects the lender in case you default on your mortgage).1. Start saving early. When calculating how much money you need to buy a house, consider one-time expenses as well as new, recurring bills. Here are the main upfront costs to consider when saving ...First-time home buyers and military veterans who qualify for an NC Home Advantage Mortgage may be eligible for $8,000 in down payment assistance under the NC 1st Home Advantage Down Payment program.Jul 27, 2021 · 5.0. NerdWallet rating. Min. credit score. 620. Min. down payment. 3%. Check Rate. First-time home buyer programs may offer down payment and closing cost assistance, reduced interest rates and ... Negotiate closing costs and ask for concessions. For a buyer, closing costs are fees you pay for your mortgage lender’s services. They include expenses like title insurance, lawyer fees and your ...American Financing Corporation: 4.57%. Freedom Mortgage: 4.62%. Source: 2022 Home Mortgage Disclosure Act data via CFPB. Lowest 30 year FHA mortgage rates of the 50 biggest loan providers in 2022 ...As of January 1, 2023, the new FHA loan limit for the calendar year for single-family homes in most U.S. counties rose from $420,680 to $472,030—a more than 12% increase. Borrowers in higher ...This lender is a great choice for first time home buyers because it offers educational tools and a streamlined online application process. Loan types offered: Conventional, FHA and VA Credit score ...If you’ve already started looking around for a new house to purchase, you might’ve noticed that competition for homes can be fierce. Although you might’ve heard both used interchangeably, a preapproval letter from a lender is different than...Discover top mortgage lenders for first-time home buyers. Compare rates, benefits, and expert insights to make your home-buying journey a success.The easiest way to buy a house with no money down is to use a government-backed mortgage. There are quite a few first-time home buyer loans with zero down available. The VA loan and USDA loan ...Mar 1, 2021 · What you need to know: This is the go-to program for many first-time home buyers with lower credit scores. The Federal Housing Administration allows down payments as low as 3.5% for those with ... What type of loan is best for first-time buyers? First-time homebuyers often gravitate toward government-backed mortgages like FHA loans thanks to their less …Angel Oak Licensing and Disclosure Information. Angel Oak Mortgage Solutions is a full-service mortgage lender offering traditional and portfolio Non-QM mortgage loans. Angel Oak is licensed in 45 ...What you need to know: This is the go-to program for many first-time home buyers with lower credit scores. The Federal Housing Administration allows down payments as low as 3.5% for those with ...What you need to know: This is the go-to program for many first-time home buyers with lower credit scores. The Federal Housing Administration allows down payments as low as 3.5% for those with ...First-time home buyers and military veterans who qualify for an NC Home Advantage Mortgage may be eligible for $8,000 in down payment assistance under the NC 1st Home Advantage Down Payment program.Florida Housing Mortgage Credit Certificate: First-time home buyers may also be eligible for a tax credit. The credit is based on a percentage of the mortgage interest you pay up to a limit of $2,000.. Best reits for income