Wednesday, October 3, 2007

First time homebuyer assistance

Considering that the price of many of my listings makes them interesting to first time homebuyers, I have been doing some research on programs that assist either the first time homebuyer, someone with less than perfect credit, or people with adequate income, but not enough for a down payment.

In the meantime, I recieved a call from Bill McDevitt from National Mortgage Exchange letting me know that they have hired someone that handles clients in just these situations.

Good, because my thoughts on programs such as the ones detailed here are that they are wonderful, but daunting to the average person.

My suggestion, if you are ready to buy, but need to look at all funding sources, is to read up (see links below) and then call Bill at 781 888 0595 anytime to understand how to obtain money from programs like these.

9 Tips for First Time Homebuyers

Department of Housing and Community Development

First Time Homebuyer Grants

US Dept of Housing and Urban Development