Tag: first time home buyer programs
First time home buyer programs assist low income households who have not owned a home in the last three years. That’s right – you can use first time home buyer programs even if you’ve owned a home before!
When we bought our first house, we received a $5,000 grant toward our down payment and closing costs. It was so helpful! Between that and our VA loan program, we were able to purchase our home with very minimal out-of-pocket expenses. We had to pay for the inspection and a few other small expenses, but we were able to easily cover those minor costs with the proceeds from our moving sale.
Of course, if I had already done the research on these first time home buyer programs, we could have received much more than just $5,000!
With the soaring costs of rent across the United States, homeownership is becoming far more affordable than renting. For low income home buyers, assistance programs like these are vitally important.
What kind of first time home buyer programs can I qualify for?
Depending on where you live, first time home buyer programs may offer down payment assistance, closing costs assistance, homeownership education classes or other services. Some of these programs are offered by companies while others are provided by local governments.
No matter what it is or who offers it, we’ve tried to aggregate all these assistance programs into one comprehensive list for you. Just find your state in the list below to get started!
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