FIRST TIME HOME BUYER THAT MAY BE YOU!!
If you are a first-time home buyer there are many financing options, you may qualify for!
So, who qualifies as a first-time home buyer? Surprisingly, a first-time home buyer is not only someone who has never purchased a home before. You could qualify as a first-time home buyer if you, or your spouse, haven’t owned a home in three years or if you are a recently divorced person, who has only owned a home jointly with a spouse.
This is good news for some home buyers who need to rely on first-time buyer programs to help with their financing and do not have the conventional 20% down payment. Many loan options are available to help. Consider an FHA loan program that offers first-time buyers to purchase a home with as little as 3.5% down. If you are shopping in a rural area, you can possibly qualify for a USDA loan that offers 100% financing with no down payment necessary or perhaps you can qualify for the National Homebuyers fund which provides down payment assistance in the form of a non-repayable grant. Yep, you heard that right, you do not have to pay it back!!
Bottomline, as a first-time home buyer there are several options available for financing to make your dream of homeownership a reality. Please reach out to my team to see what programs you may qualify for. Soon you will be on your way to homeownership. If you are a homeowner thinking of listing your property, please reach out to my team and I to go over all the latest housing data to put you in the best position to sell for the highest price!
Whether you want to sell your existing home, buy your first home, upsize, downsize, purchase a vacation home, or just talk about options, a real estate professional is your best source for information based on current trends in our area. If you're interested in learning more about the 2023 real estate forecast, don't hesitate to reach out - we're happy to help!