If you’re preparing to buy your first home, consider pursuing one of these three financing options to help make your deal smoother and more affordable.

 

There are three main lending options available to first-time buyers in our market, and we’d like to shed some light on each of them today:

1. Conventional loans (3% down). The 3% rate is available only to first-time buyers, making this a wonderful option for anyone looking to secure their first home. 

2. The 3-2-1 Home Program. This program, which is offered exclusively by Guild Mortgage, provides first-time buyers with a $1,500 credit toward their down payment or closing costs, as well as a $2,000 gift card at closing. 

3. Local down payment assistance programs. These area-specific programs offer buyers free money toward their down payment.

“You can take advantage of one of the great options we’ve outlined today in order to get into a home for less.”

Many buyers falsely believe that you need 20% down to purchase a home, but this is simply not true. By partnering with a local lender, you can take advantage of one of the great options we’ve outlined today in order to get into a home for less.

If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.