Buying a home for the first time is a major decision with many financial ramifications. There are many programs to assist first time home buyers in getting their first home.
Here are things you should bear in mind when considering first time buyer incentives:
1. Organize your finances: Before you start hunting for first time buyer incentives and other programs, it pays to know the state of your financials first. You may be in better or worse financial shape than you think. It’s best to avoid such surprises by putting together a comprehensive picture of your finances.
2. Find a good realtor: A good realtor is a necessity for navigating the many twists and turns of the home-buying process. What you may not realize is that they also can help you when searching for first time buyer incentives and programs. Given the dizzying array of programs available, you should take any help you can get.
3. Consider an FHA loan: Even if your credit isn’t good enough for a normal mortgage, the Federal Housing Administration has a program to help first-time home buyers by insuring their mortgages. This can do wonders to change the banks’ mind.
Consult with Midland Mortgage Corp to help you find first time buyer incentives. Our agents will work with you to find the best solution for you.
Call 803.765.1680 and toll–free at 800.854.9484