– While you are discussing first-time buyer programs, you will also want to learn about mortgage loans for first-time buyers, as well. Mortgage Loan Options for First-time Buyers. First-time homebuyers may want to consider choosing a loan program specifically designed to help get you into a home with a smaller down payment.
Shelling out big bucks for your first home, along with shopping for a mortgage, might seem daunting.Luckily, though, there are numerous first-time homebuyer programs and grants that can help you.
Fha First Time Home Buyer Program – Fha First Time Home Buyer Program – We are offering to refinance your mortgage payments today to save on interest and pay off your loan sooner. With our help you can lower monthly payments.
HUD.gov / U.S. Department of Housing and Urban Development (HUD) – Thinking about buying a home? We have information that can help!. (FHA loan programs offer lower downpayments and are a good option for first-time homebuyers!) HUD’s special homebuying programs. Homeownership for public housing residents; indian home loan guarantee Program (Section 184) 5.
If the homebuyer resides in the home for 5 years, 75 percent of the assistance will be converted into a grant. In order to be considered eligible for the down payment assistance program, all applicants must meet certain requirements. As the name suggests, the program is only available to first-time homebuyers.