Being a first-time home buyer is exciting – but it can also be extremely overwhelming! There are so many steps, tasks, and requirements you need to consider to ensure you don’t make any expensive mistakes. Even though home buying can come with trials and tribulations, the majority of homeowners say owning a home is well […]
Key Takeaways: The Colorado Housing and Financing Agency offers specialized programs to first-time home buyers. Specialized grants are available that allow first-time home buyers to get into their home without saving up a large down payment. Federal programs can provide a viable option for borrowers with credit challenges or who qualify for special benefits. Purchasing […]
Key takeaways The My First Texas Home program offers closing cost and down payment assistance to first-time home buyers. A tax credit is available to first-time home buyers through the Texas Mortgage Credit Certificate program. Home buyers can secure low down payments and interest rates through first time home buyer grants and national programs. Purchasing […]
Key takeaways: If you’re a first-time homebuyer in New York state, you can access special mortgage programs with lower interest rates and down payment assistance. The down payment assistance program helps offset upfront costs, and the loan may be fully forgiven after 10 years. Qualifying military personnel and veterans have access to reduced mortgage rates […]
Key takeaways: If you’re a first-time homebuyer in Maine, you can get low interest rates, as well as down payment and closing cost assistance through special state-sanctioned programs. Up to $3,500 is available to put towards your down payment and closing costs through the Advantage program. If you live in an older mobile home and […]
If you’re considering the purchase of your first home, you aren’t alone. Research shows that first-time home buyers make up about 33% of the home purchase market. But if you haven’t undertaken the homebuying process before, you might worry about saving enough money for a down payment or qualifying for a mortgage. Fortunately, there are […]
Buying your first home can feel like a challenging process. From the mortgage pre-approval process to providing the required documents to starting your house-hunting process — there are many details to coordinate. In Arkansas, home buyers have many options that make stepping into a new home quicker, including special mortgage programs and down payment assistance. […]
Key takeaways: You can withdraw funds from your 401K account to pay for a primary residence. However, penalties and taxes will apply. Depending on the specifics of your account, you may also be eligible to take out a home loan of up to $50,000 against your 401K. To keep your retirement savings intact, consider other […]
Key Takeaways: First-time home buyers in Montana can access 30-year fixed-rate loans at below-market interest rates via the Regular Bond Loan program. Down payment assistance is available in the form of a long-term loan that may not require monthly payments, depending on which program you qualify for. Tax benefits up to $2,000 per year are […]
When you’re buying your first home, you may be shocked by how many sneaky upfront costs there are. The down payment alone can be up to 20% of the home price – a huge hurdle for most homebuyers! Of course, you can always dip into your long-term savings – like a Roth IRA – to […]
