First time buyer incentives can be the answer to getting a mortgage.
If you have been struggling to get a mortgage on a new home, consider looking into first time buyer incentives. Many states, even cities are offering incentives to help first time home buyers realize the dream of owning their own home.
There are many down payment assistant programs that you can find to help you with the down payment. The U.S. Department of Housing and Urban Development offer many programs to assist in purchasing a home. There are programs for public housing residents, hurricane evacuees as well as good neighbor programs.
Good Neighbor Programs offers up to a 50% discount on the price of the home to police officers, firefighters, teachers and emergency medical technicians. The neighborhoods are part of revitalization programs.
Do some research to find all the incentives that are available for first time buyers in your area. Additionally, the federal government has many incentives available to assist first time home buyers. Check with a local mortgage corporation to find out what programs are available to assist you.
To find out more about first time buyer incentives in your area visit Midland Mortgage Corp.