First Time Home Buyer Loan Programs - 6 Best Programs for First Time Home Buyer

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First Time Home Buyer Loans - 6 Programs That
Will Help You Best
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6 Programs That Will Help You Best

• Buying a home for the first time is always going
  to be difficult. Sometimes the house is not right
  and sometimes the price is too high. If the house
  is not right, you can move on and look for
  another home. But what if the price is not right?
  Where would you get the finances from? Are there
  any first time buyer home loans to provide you
  any help

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FHA Loan for First Time Home Buyers

• FHA is backed by Federal Housing Authority. It is
  considered to be the friendliest program for
  first home buyers.
• The loan requirements are quite easy.
• Just 3.5 down payment and a credit score of 580
  or above qualifies you straight for the loan.
  However, if your credit score is lower than 580,
  the down payment jumps up to 10 to get the loan

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VA Loan for First Time Home Buyer

• VA (Veterans Affairs) loan program is for US
  military veterans and surviving their spouses.
  This loan program provides zero down payment
  option and rest of the conditions are pretty easy
  too.
• So if you are a military veteran, VA loan is your
  best option

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USDA Loan for First Home Buyers

• Another program that provides zero down payment
  option. Backed by US Department of Agriculture,
  this loan program is limited to those looking for
  a dwelling in a rural or suburban area

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Energy Efficient Mortgage Program

• One of the most incredible first time buyer home
  loans. With a view to making our environment
  healthy and save our mother nature, this program
  comes with funds to enhance green features of
  your house. No new appraisals or down payment
  deductions are involved once you qualify for EEM
  benefits

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HUD 203(k) Loans

• Are you keen on buying a fixer upper and think
  that you can take one the repairs? HUD 203(k)
  Loan is the loan option to go with.
• This FHA-backed loan estimates the value of a
  post-renovations property and provides you funds
  to make those renovations

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Good Neighbor Next Door

• This first time home buyer loan program was
  initially called Teacher Next Door Program as
  it was only limited to the teachers. But later
  on, the program was extended to Emergency Medical
  Technicians, Firefighters and Law Enforcement,
  hence the name Good Neighbor.
• This program offers 50 off on the homes located
  in revitalization areas. All you have to do is to
  live in the same property for a minimum of three
  years

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For More Information

• Sellect Realty LLC
• Marietta, Georgia
• Visit www.sellectrealty.com