Looking to Buy Your First Home?

Tired of renting? Great, but how are you going to come up with the Down Payment? There may be programs available to you if you and the home you are considering purchasing meet certain criteria. These homeownership programs can include loans, grants, tax credits and other programs for eligible homebuyers that can help them achieve the down payment faster, cover closing costs and get into a home sooner than they would have otherwise.

Both you and the home you are purchasing must be eligible. Homeownership programs are for owner-occupant buyers only, no investment properties. You must make a minimum investment, qualify for a first mortgage and complete homebuyer education. Common eligibility factors include the home’s sales price, homebuyer income and homeownership history. Your occupation may help you qualify too, if you are an educators, protectors, health care workers, veterans and/or have households with disabled members.

First, it’s important to know that a first-time homebuyer is defined as someone who hasn’t owned a home in 3 years. So, if you’ve owned in the past, but are renting now, you may be a first-timer again! Plus, across our databank of programs, 37 percent don’t have a first-time homebuyer requirement. What are you waiting for?

Find out if your are eligible today!