What Kind Of Programs Do Mortgage Companies Offer For 1st Time Home Buyers? - government incentives for first time home buyers
Curious to know what kind of incentive programs or mortgage companies or the government's offer to the owners, for the first time.
Saturday, January 9, 2010
Government Incentives For First Time Home Buyers What Kind Of Programs Do Mortgage Companies Offer For 1st Time Home Buyers?
3 comments:
The Federal Housing Administration aka FHA has many programs to the buyers first to home owners. The FHA does not lend money, Federal Housing Administration insures the lender against losses. The program is ideal for first home buyers. There will be some of the advantages of FHA loans
Minimum down payment and closing costs.
A decline of less than 3% of the payment of the purchase price.
Gift for the down payment and closing costs allowed.
Or reservations required.
The cost of closing FHA regulated.
The seller can credit up to 6% of the purchase price to the buyers expense.
Loose lending guidelines for the qualification, such as:
No minimum order credit score.
FHA will buy a house 2 years after a bankruptcy.
FHA will buy a house for 3 years after foreclosure
There are many programs available. Here in Oregon, we call the Oregon Bond is the first time home buyer will be fabulous.
This is a great advantage, local lenders have programs that know your area of Internet lenders are not using.
Most programs offer low payments can contribute to the Seller closing costs, interest and good conditions.
Here are the details for the program for the first time residential real estate in Arizona.
http://www.welcome2arizona.com/home/firs ...
Good luck
Terry S.
http://www.Welcome2Arizona.com
PS Even http://www.DownPaymentSolutions.com
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