Our highly experienced team of loan officers are especially skilled at helping First time home buyers find the right Mortgage Program at the lowest possible rate. Our goal is to build a long-term.
Many first-time buyers tend to make a number of missteps in the mortgage and home-buying processes. Here are some of the most common mistakes to avoid. 1. Not Keeping Tabs on Your Credit No one likes.
Types Of Lending Non-Bank Options: Asset-Based LendingSummarized, the term asset-based lending came into vogue in the 1970s to describe an industry that included specialized lending departments of banks, non-bank commercial finance firms, and factoring organizations. Today, asset-based lenders provide a variety of financial services to small, medium, and large businesses through:
Down Payment Assistance – Most Great Choice Home Loans are insured by FHA or USDA-RD, which means you may be eligible to borrow up to 96.5% of the total price of the home you’re buying. This means you need a minimum of 3.5% for a down payment.
First Home Loan mortgages also come with payment protection for unemployment. If you are a MaineHousing borrower in good standing and become unemployed, Maine HOPE – HomeOwnership Protection for unEmployment – may be able to help by advancing up to four of your mortgage payments, including taxes and homeowners insurance.
As a first-time home buyer, you have access to a wide range of mortgage loans and mortgage loans can be customized to meet your needs. Your loan amount is one of your choices.
Thinking about buying a home? We have information that can help! Got questions?. Shop for a loan. Looking for the best mortgage: shop, compare, Let FHA help you (fha loan programs offer lower downpayments and are a good option for first-time homebuyers!) HUD’s special homebuying programs
Buying a home is one of the biggest financial decisions you’ll make in your life – and one of the largest sources of stress for many first-time buyers is the financing process. Unless you’ve done a ton of research, getting a mortgage can feel confusing or even a bit overwhelming.
First Home Buyers Home Loan Getting your first home isn’t easy. You have to save up for the down payment, apply for a mortgage, and then do all the paperwork before finally moving in and exhausting all your savings on the furniture – as well as appliances – that you’ll need to buy.
Under the First-Time Home Buyer Incentive, Anita can apply to receive $40,000 in a shared equity mortgage (10% of the cost of a new home) through the program. This lowers the amount Anita needs to borrow and reduces the monthly expenses. As a result, Anita’s mortgage is $228 less a month or $2,736 a year.
Home buying tips and advice for first time home buyers. Understand the costs and estimate how much you can borrow when buying a house with a first home mortgage.