Tag: first time home buyers
Mortgage lenders allow financial gifts to first time home buyers that can be used towards the down payment on a home. These gift funds are a valuable tool for first time home buyers and may be used for conventional loans, FHA, USDA type loans, and even VA. However, they are most commonly seen paired with conventional and FHA type loans. In fact, many first time home buyers are happy to learn that FHA gift funds can reduce their required cash to zero!
For first time homebuyers in Tallahassee, the TLC’s Down Payment Assistance (DPA) program offers a no-interest loan to help pay for closing costs and the home’s initial downpayment. The loan covers costs in an amount up to $7,000 for homes that are purchased within Tallahassee city limits.
This cute 3 BR/ 3 BA condo is waiting for you! Conveniently located close to the center of everything and an easy commute to all the universities, this lovely home features an eat-in kitchen, a roomy master bedroom, and a great back deck.
I have asked several first time home buyers to share their stories with others who are considering the purchase of their first home. It is my hope that by sharing these stories, first time home buyers will find the courage to take a leap of faith and begin a new life in a home of their very own.
Over the years, a trend has formed. Article upon article, stating that it has the answer, “What Millennials Want.” Unfortunately, most of these articles are wrong. The truth is, many of the people writing these articles hail from another generation who seek to understand Millennials with little or no success. This is because much of the consumer data gathered on Millennials was misleading. Millennials, more than any other generation, are saddled with debt.