First Time Homebuyer Programs

First Time Homebuyer Programs:

These programs assist the first-time homebuyers who do not have the resources to make a down payment on a home.

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Advantages:

Lower down payment

 

Easier to qualify

 

May get lower rates

May be subject to income and property value limitations

Some programs which have government subsidies may have a recapture tax if the home is sold too early

Features:

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