First Time Homebuyer Programs

First Time Homebuyer Programs

 

These programs assist the first-time homebuyers who do not have the resources to make a down payment on a home.

 

Advantages:

    • Lower down payment
    • Easier to qualify
    • May get lower rates

 

Features:

    • May be subject to income and property value limitations
    • Some programs which have government subsidies may have a recapture tax if the home is sold too early

     

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