To buy a house, you’ll need to start saving money for the closing costs and a down payment. Most people aren't able to save so the required 20% down payment so they look to alternative first time home buyer programs as a means to buy their first home.
Grants are available to families that fall in the category of having a low income. Down payment assistance will come in the form of gifts or grants that don't have to be paid back, though there are certain guidelines as well as eligibility requirements that participants must meet.
First time buyers should also be aware of loan programs. The individuals buying for the first time are a huge segment of the market. However, many first time buyers don't know the difference in the home loans and financing. Being educated regarding the choices and the programs available can save buyers a great deal in interest and fees over the terms of their mortgage.
To help you find the program that's right for you, simply click the button below to start your search.