1 / 9

5 Grants and Programs for First Time Home Buyers

Buying a home is the proudest moment for a first-time home buyer. However, many Americans find it difficult to manage the down payment. Traditional mortgages require a higher down payment and qualifying them can be difficult. First-time homebuyer programs and grants offer financial assistance to you so that you may be eligible to buy a home. This presentation will take you through the five grants and programs that will help you find a suitable mortgage program.

Drewmortgage
Télécharger la présentation

5 Grants and Programs for First Time Home Buyers

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 5 Grants and Programs for First Time Home Buyers Drew Mortgage Associates

  2. Introduction For a first-time home buyer, buying a home can be distressing. Many Americans say that the most difficult thing to do is to save for a down payment. Traditional mortgages require a higher down payment and qualifying them can be difficult. First-time homebuyer programs and grants offer financial assistance to you so that you may be eligible to buy a home. This presentation will take you through the five grants and programs that will help you find a suitable mortgage program. Contact us: 1-877-949-3739 www.drewmortgage.com

  3. FHA Loan ● Insured by the Federal Housing Administration (FHA). ● Operates within the U.S. Department of Housing and Urban Development (HUD). ● The FHA backs lenders with a layer of protection so that the lenders won’t experience a loss if you default on the mortgage. ● Smaller down payment, lower interest rates, and lower closing costs than conventional loans. ● If you have a low credit score, you still might qualify for an FHA loan. Contact us: 1-877-949-3739 www.drewmortgage.com

  4. USDA loan ● A USDA loan is a homebuyer assistance program by the U.S Department of Agriculture (USDA). ● Focuses on residences in certain rural areas. ● There may be no down payment required for the USDA loan program. Contact us: 1-877-949-3739 www.drewmortgage.com

  5. VA loans ● VA loans are special kind of loans for active-duty military members, veterans, and surviving spouses to help them purchase homes. ● No down payment and offers competitive interest rates. ● You do not need to pay private mortgage insurance (PMI). ● A minimum credit score is not required to qualify for a VA loan. Contact us: 1-877-949-3739 www.drewmortgage.com

  6. FHA 203k ● A rehabilitation program backed by the FHA for a fixer-upper. ● Allows you to borrow the funds you need to fix the home and includes them in your main mortgage. ● The value of the home will be considered after improvements have been made. ● Lower down payment. Contact us: 1-877-949-3739 www.drewmortgage.com

  7. HomePath Mortgage ● Made exclusively for first-time home buyers. ● If you become eligible, no down payment is required. ● Home buyers should occupy the property as their primary residence. ● This loan is available to move-in ready properties for both owner occupants and investors. Contact us: 1-877-949-3739 www.drewmortgage.com

  8. Do you want to know more about Grants and Programs for First Time Home Buyers. Visit here: https://www.drewmortgage.com/grants-and-programs-that-will-help-first-time-home-buyer/ Contact us: 1-877-949-3739 www.drewmortgage.com

  9. DREW MORTGAGE BRANCH OFFICES: Drew Mortgage Associates 196 Boston Turnpike Road Shrewsbury, MA 01545 Phone: 508-753-1656 Website: https://www.drewmortgage.com/ Peabody Mortgage Lenders 1 Mt Pleasant Drive Peabody, MA 01960 Phone: (978) 750-1080 Boston Mortgage Lenders 232 Commercial St Boston, MA 02109 Phone: (617) 523-3060 Contact us: 1-877-949-3739 www.drewmortgage.com

More Related