Category Archives: Interest Rates

Maryland Homebuyer Program Gets New Infusion Of Funds

Maryland first time home buyers who have more than $25,000 in student debt can breathe a big sigh of relief as a program designed specifically for them has just had a new infusion of funding after running out in only … Continue reading

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CHFA Introduces New Mortgage Assistance Program

There’s some good news for California first time home buyers. The California Housing Finance Agency has just launched a new program to help 1st time purchasers overcome the hurdles of coming up with the down payment and closing costs. Businesswire … 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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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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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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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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Record Summer For First Time Home Buyers In Britain

The summer of 2015 will be one for the record books in Great Britain as a late-summer surge in buying pushed first time home buyer sales to a record amount. There were an eye-opening 30,200 first-time buyer transactions in August … Continue reading

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Workshop For First Time Home Buyers In Massachusetts

As a Massachusetts first time home buyer, there’s a lot to learn about making your first property purchase. For residents throughout Massachusetts, there’s a workshop being offered to educate you on all the details of the process. The classes will … Continue reading

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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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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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First Time Buyer Class To Be Offered In D.C.

Today’s financial environment offers more challenges to first time home buyers than days gone by. In spite of the impediments, experts assert that now is a great time to purchase your first home. But where should you start? By definition, … Continue reading

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Aid Available To Oregon First Time Home Buyers

Good news for people in Oregon who are thinking about buying their first property: not only is now an excellent time to buy, there are also two programs that offer assistance to 1st time buyers. One program offers interest rates … Continue reading

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Even As Interest Rates Fall, First Time Buyers Have “Poor Showing” In Home Sales

The National Association of Realtors just released their index of pending home sales. The good news is that it is up 7.4% from year-ago levels. The bad news is that the rush of first time buyers into the market has … Continue reading

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7 Reasons Now Is A Great Time For 1st Time Home Buyers To Make Their Purchase

Seasons and cycles exist nearly everywhere you look in nature. When it comes to real estate sometimes those conditions work in your favor, and sometimes they don’t. The pendulum swings back-and-forth from a “seller’s market” to a “buyer’s market.” Right … Continue reading

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