Buying your first house is something people dream of for years. This is the perfect time to do so because there are a lot of first time buyer incentives in the market right now.
One first time buyer incentive that is popular is using a down payment program run by the U.S. Department of Housing and Urban Development. Another incentive for first time buyers is that you can participate in a Good Neighbors program. This program can get you as much as 50% off of a house if you work as a teacher, EMT, firefighter, hurricane evacuee or a police officer.
Many local incentives are also available, but these vary according to what city you live in. Checking with your local Department of Housing can provide you with a list of possible incentives for first time buyers. It is up to you to inquire as to whether you are eligible for any of them, although we are more than happy to help you with this process.
While first time buyer incentives tend to come and go within the housing industry, this is a great time to purchase your first house. With the economy being in the state it is currently in, more and more incentives are being offered to those buying a house for the first time.
The Midland Mortgage Corp. team loves working with first time buyers, and will help you identify which first time buyer incentives are the best match for you. Click here to start your application today.