Loan Programs for First Time Home Buyers

Tagged: agent, brokers in pakistan, real estate dealers, real estate developers

This topic contains 2 replies, has 3 voices, and was last updated by Richard M. 7 months, 2 weeks ago.

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November 8, 2014 at 5:28 pm #3858

Ryan Hart
Participant

Is FHA still a great loan for first time home buyers?
November 9, 2014 at 2:57 pm #3978

Steve Smither
Participant

When FHA was created in 1934 it was to assist the common man in his desire to buy a home.

This premise is still there today and first time home-buyers are a huge part of that group.

FHA allows for first time home-buyers to be able to qualify easier due to more relaxed credit requirements, flexible debt to income ratios, lower down payment requirements, and even more understanding of difficult events in a persons life including bankruptcy and foreclosure.

FHA also has programs that can help accommodate the first time home-buyer buy a home that simply needs work or simply the buyer doesn’t have much of a down payment. (See FHA 203K rehab loan and HUD $100 down program). So the short answer to your question is absolutely. FHA is a great program for first time home-buyers…
December 3, 2018 at 9:37 am #9398

Richard M.
Keymaster

Hi Jessica, can you be more specific? Talk soon!
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