First Time Home Buyers Know the Basics and Improve Your FHA Loan Chances. As a first-time homebuyer, there might be a lot of unknowns. Whether it’s the mortgage lingo, type of home loans, or even down payment requirements, the flood of new information can be overwhelming.
First-time home buyers and repeat buyers may qualify for down payment assistance of either 2.5% or 5% of the home’s purchase price. The larger assistance amount comes with a higher interest rate. You can use the money toward your down payment, closing costs or other qualifying "pre-closing" expenses.
9 minute read. There are a lot of potential first-time home buyers that delay getting a mortgage simply because it seems like a long and daunting process. There are new mortgage programs available in 2018 that make it easier for first-time home buyers to qualify for a loan then ever before.
First-time home buyers in Washington State can get special loans and down payment assistance. Find out if you qualify for WSHFC programs today.
Owning a home is more than. always make your payments on time; being late on any student loans, car payments or medical.
First-time home buyer subsidy now caters for those who earn up to R22k: A buyer who earns R12 000 can now qualify for a subsidy of R77 915 compared to the old subsidy of R37 650. This is how it works and how much you can save.