FIRST TIME HOME BUYERS PROGRAMS

9 Great Programs for first time home buyers

These nine great programs can definitely help you get your dream home. Why wait any longer see if you can qualify with anyone of these programs and get that home!

It begins with a mortgage prequalification — unless you’re lucky to have enough money to pay cash for your first house.

Often, first-time homebuyers “are afraid to get prequalified,”

1.FHA LOAN

2. USDA LOAN

3. VA LOAN

4. GOOD NEIGHBOR NEXT DOOR

5. (EEM) ENERGY EFFICIENT MORTGAGE

6. NATIVE AMERICAN DIRECT LOAN

7. FEDERAL HOUSING ADMINISTRATION 203(K)

8. FREDDIE MAC OR FANNIE MAE

9. LOCAL FIRST TIME HOME BUYERS GRANT & PROGRAMS

Homebuyers who put 20 percent or more down don’t have to pay for mortgage insurance when getting a conventional mortgage. Spending all or most of their savings on the

down payment and closing costs is one of the biggest mistakes first-time homebuyers make. If you hire an agent without a referral from friends or family, ask the agent to provide

references from previous buyers. The same goes for loan officers or mortgage brokers.

 

 

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