First Time Homebuyer Programs


How Do You Get a Mortgage?

If you’re looking to buy your first home, no doubt you’ve already realized that you’ve got a lot of homework to do and this in and of itself can be pretty overwhelming. There are the types of mortgages to consider: fixed rate, adjustable rate mortgage (also known as an ARM), or interest-only. Is your credit good or bad? All these questions and more will arise while you obtain your mortgage, and there are lots of mortgage loan options available today, so that you’ll need to take those into consideration too. You’ll need good information about those mortgages and the whole home buying process in general, whether this is your first time through or not. You’ll need to be informed about your choices, because that’s the only way you can tackle getting a mortgage with any confidence.


Some useful tips for the first time homebuyers

As a first-time homebuyer, you are eligible for many programs obtainable by finance companies and the government to buy house. An often-overlooked source for the first-time purchaser is their local county government or municipality. Many counties in the United States suggest incentives for first-time homebuyers. Those incentives comprise of down payment backing and grants – free money for buying a home if you meet their necessities. Additionally, some governments, in conjunction with local finance companies, give reduced interest rates for the first-time buyer. Some finance companies even present comfortable lending standards to facilitate raise your chances of approved to buy homes.