Offer valid for first-time buyers only. An individual is to be considered a first-time home buyer who (1) is purchasing a property; (2) will reside in the property as a principal residence; and (3) has had no ownership interest (sole or joint) in a residential property during the three-year period preceding the date of the purchase of the property.
When purchasing a home, the mortgage you choose and the options you want with it will have a significant impact on how much your home costs you in the long run. Adjustable Rate Mortgage analyzer arms typically offer home buyers the advantage of having a lower mortgage payment during the initial period of the mortgage.
Top Mortgage Loan Companies List: Birmingham’s top mortgage lenders stepping up loan activity – Mortgage lending remained strong last year as the local homebuying market continued to build on momentum that we’ve tracked with our annual List data. The top 25 mortgage lenders on our new List made.
First Home Loan mortgages also come with payment protection for unemployment. If you are a MaineHousing borrower in good standing and become unemployed, Maine HOPE – HomeOwnership Protection for unEmployment – may be able to help by advancing up to four of your mortgage payments, including taxes and homeowners insurance.
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Buying a home is one of the biggest financial decisions you’ll make in your life – and one of the largest sources of stress for many first-time buyers is the financing process. Unless you’ve done a ton of research, getting a mortgage can feel confusing or even a bit overwhelming.
Buying your first home can be exciting and overwhelming – which is why we have a variety of first-time homebuyer tools and resources to help you. Whether you’re just starting to save or you already have a house in mind, we can help you get your keys to your first home.
Loans targeting first home buyers often have a max insured loan-to-value ratio of 90 or 95%, meaning you can get the loan with just a 5-10% deposit. But you’ll need to pay lenders mortgage.
Too often, first time homebuyers rush into homeownership because it’s a sign of independence and adulthood. When truthfully, you don’t know the steps to buying a house or the type of mortgage you need. Whether it’s choosing the wrong location or buying an overpriced home, buying a home is a major part of your life.
First-time home buyers can get a conventional home loan with as little as 3% down if the mortgage meets requirements set by Fannie Mae and Freddie Mac. And if you put at least 20% down, you won.