As a first-time home buyer you have more loan options than just an FHA loan. Depending on your situation you may qualify for some other loan programs that offer advantages over an FHA home loans. Conventional Loan – If you have at least a 20% down payment then you should consider a conventional mortgage.
First time home buyers have quite a few options when it comes to financing that first house. From no-down payment loans to fixer-upper projects, the needs of a first time buyer vary widely across the board. Depending on your needs and wants, you might have several options from which you can choose.
Though the first-time home buyer tax credit is no longer an option, there are other deductions you can still claim if you’re a homeowner. The biggest is the mortgage interest deduction , which previously allowed you to deduct interest from mortgages up to $1,000,000; under the Trump Tax Plan, that limit has been lowered to $750,000.
6 options for buying a home with little or no money down; Image Credit: Dreamstime. First-time home buyer program. There are numerous programs available to first-time home buyers. Sometimes these programs are offered through a particular bank or credit union, but several are offered through.
For many first-time home buyers, turning out with a payment is.. be used for only home improvements with other options being available too.
We know buying a home can be intimidating. It’s a tremendous life experience, and we’re proud to be a part of it, walking beside you through each step of the process. From pre-qualification to the house hunt, then securing financing before the exchange of keys, First Option will be there for you.
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First Time home buyers have some great home loan options available in 2017. Most of the government mortgage programs like USDA, FHA and VA offer great flexibility with little or no down payment needed.
Looking for your first home? Now is the time to buy! Let us show you low- and no– downpayment options today. great news! With the many options now available for qualified buyers, you may be able to buy a home sooner than you ever thought possible.