Title: First Time Home Buyer Loan Programs - 6 Best Programs for First Time Home Buyer
1First Time Home Buyer Loans - 6 Programs That
Will Help You Best
26 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
3FHA 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
4VA 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
5USDA 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
6Energy 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
7HUD 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
8Good 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
9For More Information
- Sellect Realty LLC
- Marietta, Georgia
- Visit www.sellectrealty.com