Monthly Archives: October 2015

Colorado Woman Describes Her First Time Home Buying Experience

For one Colorado first time home buyer, purchasing a property for the first time was a challenge, but she persistently overcame all hurdles due to her desire to escape “unaffordable rent pricing.” The Durango Herald has the story: The golden … Continue reading

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High Cost Of Homes In California Becoming An Affordability Crisis

First time home buyers in California have more hurdles than their brethren in other states. Not only to they face the typical hurdles – which are burdensome enough- they also have to deal with mind-numbing home prices that would make … Continue reading

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Mortgage Brokers Can Now Access All California Housing Finance Agency Loan Programs

More mortgage avenues have just opened up for California first time home buyers as the California Housing Finance Agency will now be allowing mortgage brokers to participate in all residential loan programs offered by the agency. The mortgage broker community … Continue reading

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The Maryland Mortgage Program Supplied $13.5 Million Down Payment Assistance In 2015

Maryland first time home buyers had a record year in 2015, receiving $444 million worth of mortgages in Fiscal Year 2015 from the Maryland Mortgage Program (MMP). The program also offered 2,233 families down payment assistance totaling more than $13.5 … Continue reading

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Arkansas Habitat for Humanity Awarded Grant To Help Low-Income Homebuyers

Arkansas first time home buyers will benefit from a newly-announced grant from the Bank of the Ozarks and the Federal Home Loan Bank of Dallas which will provide assistance for low-income families to help reduce their mortgage payments. The press … Continue reading

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Many Options For Home Buyer Assistance In Florida

Like most other adults in America, Florida first time home buyers have many options available when it comes to home buying assistance programs; the only problem is that the majority of people are completely unaware that these programs even exist. … Continue reading

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Vermont Governor Kicks Off $5,000 Down Payment Program

Vermont first time home buyers are the latest group to receive the great news of a new assistance program unveiled in their state. Vermont Governor Shumlin teamed up with the Vermont Housing Finance Agency (VHFA) to announce the new down … Continue reading

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New Mexico Mortgage Finance Authority Unveils New “Next HOME” Program

It’s not just first time home buyers in New Mexico that have reason to cheer over a new program unveiled by the New Mexico Mortgage Finance Authority (MFA), but all buyers, including those who have owned a home in the … Continue reading

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The Neighborhood Assistance Corporation of America Helps Homebuyers in Missouri

First time home buyers in Missouri have something to cheer about: buying a home without savings just got a whole lot easier thanks to a new program by The Neighborhood Assistance Corporation of America (NACA) that offers 30 year mortgages … Continue reading

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Home Builders See Increase In First Time Buyers

Builder magazine (the official publication of the National Association of Home Builders) is reporting some softening in the high end home market, but is seeing the opposite at the entry-level end of the spectrum. Described as the “return of the … Continue reading

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Escalating Home Prices In Nashville Making It Very Difficult For First Time Buyers

Rapidly rising home prices in Nashville are helping sellers get maximum value for their properties, but the trend is proving to be a nightmare for Tennessee first time buyers. Housing prices have continued to set new records in Nashville, with … Continue reading

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Housing Boom Failed To Benefit Black First Time Home Buyers

Researchers at Johns Hopkins University have just released a 48-page study that looked at how the volatile housing market of the 2000s affected black families who bought a house for the first time. The results are not encouraging. The Baltimore … Continue reading

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40 Year Mortgages A Big Hit With First Time Buyers

There are several ways to get a more affordable monthly mortgage payment. One is to pay less for a property. A second way is to get a down payment grant. Another is to get a lower interest rate. And a … Continue reading

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Don’t Make These 9 Typical First Time Buyer Mistakes

When you’ve never done something before – it doesn’t matter whether it’s buying your first home or driving an auto for the first time – you’re going to make mistakes. When it comes to big life decisions, mistakes can be … Continue reading

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First Time Home Buyers Are Getting Older

The stereotypical first time home buyer is a young, newly-married couple in their early twenties. In decades past the stereotype was accurate. However, in today’s economy you might as well throw that stereotype right out the window. Today’s typical first … Continue reading

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The Outlook Is Getting Better For British First Time Home Buyers

With more choices for interest rates and a relatively new first time home buyer program, the outlook for British first time home buyers is reaching levels not seen in years. The “Help to buy” program was released in 2013 and … Continue reading

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First Time Buyer Class Is A Windfall To New Jersey Couple

For New Jersey first time home buyers Nadia Murdock and her husband, Cecil Villar, who purchased their first home in late June for $285,000, a first time home buyer class – offered by the Chamber of Commerce – that they … Continue reading

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Florida First Time Property Buyers Get Squeezed Out By Cash Flush Investors

When it comes to affordable housing in Florida, it seems there just isn’t enough to go around. First time Floridian buyers are competing with cash flush investors in this segment of the market and the results are that available inventory … Continue reading

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Where Investors In The Northeast Reduce Their Buying, First Time Buyers Fill The Void

Since the housing market bubble burst in 2007-2008, it has been investors who have been making the bulk of the buying activity in the housing market. In recent months, though, their frenzied purchasing has waned somewhat. However, in their place … Continue reading

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