Monthly Archives: September 2015

The 5 Year ARM Helps First Time Buyers Obtain Lower Monthly Payments

In addition to down payment assistance, which provides grant money to help cover the cost of the down payment, first time home buyers should also consider choosing a 5 year adjustable rate mortgage to obtain lower monthly payments. The Mortgage … Continue reading

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Fewer Modestly-Priced Homes For Sale Hits Florida First Time Buyers

Compared to last year, this year has seen the bottom half of the Florida real estate market shrink by 27% when using the number of homes on the market as the metric for measuring. This has made it much more … Continue reading

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Oregon Housing and Community Services Has Two Programs For First Time Buyers

Oregon Housing and Community Services (OHCS) has just announced that it’s Oregon Bond program currently has financial aid available to help first-time home buyers get a mortgage loan at below market interest rates. “For many members of our community, homeownership … Continue reading

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Michigan Program For First Time Home Buyers Provides $7,500 In Down Payment Assistance

If you’re in Michigan and dreaming of becoming a first time home buyer, but think that it will never happen, the Wayne Metropolitan Community Action Agency (Wayne Metro) is now offering a program that will give first time homeowners in … Continue reading

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The Average Amount Of Down Payment Assistance Per Buyer Nationwide Is $11,565

If you were walking down the sidewalk and saw a $50 bill on the ground, would you bend over and grab the free gift? For most people, the answer would be, “absolutely.” For the typical first time home buyer, the … Continue reading

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Sacramento Down Payment Assistance Averages A Stunning $35,475

California first time home buyers have good reason to be optimistic about buying their first home: four California counties – Placer, San Francisco, Orange and Los Angeles – average the biggest down payment assistance help in the nation. In Sacramento, … Continue reading

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Learning About Down Payment Assistance Programs Is The First Step to Home Ownership

We recently reported that 70% of American adults are completely unaware that down payment assistance programs even exist. That’s a shame. For the majority of first time home owners, coming up with the down payment is the biggest hurdle. So … Continue reading

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Texas State Affordable Housing Corporation Helps Couple Purchase Their Own Home

Every Texas first time home buyer should investigate the assistance provided by the Texas State Affordable Housing Corporation. Ann and Doug Foxworth of Austin certainly are glad that they did. After renting for 25 years, with the help of TSAHC, … Continue reading

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$5,000 Arizona Housing Finance Authority Down Payment Grant Helps Young Couple’s Dream Come True

Sometimes life intrudes on the best laid plans. That’s what happened to a 30-something Arizona couple who had saved up for a down payment on buying their first home. Their car died and their medical insurance costs soared at the … Continue reading

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Oklahoma County Home Finance Authority Tops $75 Million In Home Buyer Aid Provided

Oklahoma first time home buyers certainly have reason to celebrate: The Oklahoma County Home Finance Authority’s Turnkey Mortgage Origination program just surpassed the $75 million assistance mark, helping more than 630 families achieve their dream of home ownership throughout Oklahoma … Continue reading

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Easter Seals Offers The Home Buyer Education Workshop And Down Payment Assistance Program

The Easter Seals organization is providing workshops that teach the many advantages and disadvantages of home-ownership, the steps of the purchasing process, information about credit, credit scoring, personal money management, the ins and outs of various types of mortgage loans … Continue reading

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Iowa Finance Authority Unveils First Time Home Buyer Program Amounts

The Iowa Finance Authority has just announced some exciting news for Iowa first time home buyers. Hefty amounts have been decided upon for first-time homebuyer programs in the Carroll area. The Down Payment Assistance Programs with Rehabilitation provisions were awarded … Continue reading

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Fannie And Freddie Compete Over Low Down Payment Loans

We’ve previously reported that both Fannie Mae and Freddie Mac are actively providing low down payment loans, with as little at 3% required for the down payment. It seems that both firms are eager to increase their activity in this … Continue reading

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Down Payment Insights From Multiple Sources

It’s no secret that the one item first time home buyers struggle with the most is the money needed for a down payment. Between the typical high cost of living along with student loans, there’s often not much left over … Continue reading

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5 Little-Known Sources Of Down Payment Money

By far, the biggest hurdle to becoming a property owner is saving up for the down payment. However, that obstacle need not be insurmountable. As a matter of fact there are ample down payment grants and programs available to help … Continue reading

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Tennessee Housing Development Agency Awards $400,000 For Down Payment Assistance

There’s good news for low-income Tennessee first time home buyers: the Tennessee Housing Development Agency has just awarded $400,000 to the Rutherford County Habitat for Humanity. The money will provide down payment assistance to 26 low-income families in the Murfreesboro, … Continue reading

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70% Of Adults In U.S. Aren’t Aware Of Down Payment Assistance

For most adults in the U.S. who have never owned a home, saving for the down payment is the number 1 hurdle that keeps them from crossing the chasm to home ownership. Ironically, there are a multitude of assistance programs … Continue reading

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Wells Fargo To Provide $15,000 Down Payment Assistance In St. Louis

Here’s some good news for Missouri first time home buyers: Wells Fargo, as part of a legal settlement with the Federal Government for allegedly abusing the foreclosure process, will now be providing down payment assistance to residents of St. Louis … Continue reading

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More First Time Buyers Are Thinking In Terms Of Practical, Rather Than Extravagant

While there will always be a segment of the population that won’t settle for anything less than a McMansion, more and more 1st time buyers these days are thinking in practical terms rather than luxurious when it comes to their … Continue reading

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