First Time Home Buyer Loans
There are many options and incentives for First time home buyers which can make home buying easy and affordable. If it’s incentives, down payment assistances or lower rates, we offer our clients the best options.
First Time Home Buyer Loans
There are variety of programs for first time home buyers available which offer down-payment assistance, gift, and flexible guidelines. For most programs first time home buyer mean that the homebuyers haven’t owned a house for the past 3 years, this sometimes applies to all borrowers or just one of them depending on the loan product. Some lenders also offer special incentives to their first time home buyer prospects to encourage home ownership within communities.
Advantages of First time home buyer loans
Options to get down-payment incentives and gift money from various sources.
Getting incentives on rates and fees from the lenders who offer them.
Mortgage payments could be cheaper than renting in some cases.
Being able to get cheaper mortgage insurance (PMI) in some cases.
First Time Home Buyer Grants
At GlenLakes Mortgage we have all the resources needed to make your dream a reality. Are you ready to move forward with your first home purchase? One of our experienced mortgage professionals will guide you every step of the way. Apply now and find out if you qualify for first time home buyer grants.
FAQs for First Time Home Buyers
Qualifying first time home buyers have many different options to choose from including home loan options to help cover the down payment and closing fees.
You can qualify as a first time home buyer if you haven’t owned a home in the last 3 years. You can start the home loan application process or give us a call to get a few more details.
For most loan programs, being a first time home buyer means you have not owned a home within the last 3 years. Each first time home buyer program has different credit and debt-to-income requirements varying from program to program. Give one of our loan specialists a call to see if you meet the requirements.
Home Loan Programs
Contact Us
Customer Service
- (352) 200-2546
- info@glenlakesmortgage.com