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5 Grants and Programs for First Time Home Buyers

Buying a home is the proudest moment for a first-time home buyer. However, many Americans find it difficult to manage the down payment. Traditional mortgages require a higher down payment and qualifying them can be difficult. First-time homebuyer programs and grants offer financial assistance to you so that you may be eligible to buy a home. This presentation will take you through the five grants and programs that will help you find a suitable mortgage program.

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5 Grants and Programs for First Time Home Buyers

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  1. 5 Grants and Programs for First Time Home Buyers Drew Mortgage Associates

  2. Introduction For a first-time home buyer, buying a home can be distressing. Many Americans say that the most difficult thing to do is to save for a down payment. Traditional mortgages require a higher down payment and qualifying them can be difficult. First-time homebuyer programs and grants offer financial assistance to you so that you may be eligible to buy a home. This presentation will take you through the five grants and programs that will help you find a suitable mortgage program. Contact us: 1-877-949-3739 www.drewmortgage.com

  3. FHA Loan ● Insured by the Federal Housing Administration (FHA). ● Operates within the U.S. Department of Housing and Urban Development (HUD). ● The FHA backs lenders with a layer of protection so that the lenders won’t experience a loss if you default on the mortgage. ● Smaller down payment, lower interest rates, and lower closing costs than conventional loans. ● If you have a low credit score, you still might qualify for an FHA loan. Contact us: 1-877-949-3739 www.drewmortgage.com

  4. USDA loan ● A USDA loan is a homebuyer assistance program by the U.S Department of Agriculture (USDA). ● Focuses on residences in certain rural areas. ● There may be no down payment required for the USDA loan program. Contact us: 1-877-949-3739 www.drewmortgage.com

  5. VA loans ● VA loans are special kind of loans for active-duty military members, veterans, and surviving spouses to help them purchase homes. ● No down payment and offers competitive interest rates. ● You do not need to pay private mortgage insurance (PMI). ● A minimum credit score is not required to qualify for a VA loan. Contact us: 1-877-949-3739 www.drewmortgage.com

  6. FHA 203k ● A rehabilitation program backed by the FHA for a fixer-upper. ● Allows you to borrow the funds you need to fix the home and includes them in your main mortgage. ● The value of the home will be considered after improvements have been made. ● Lower down payment. Contact us: 1-877-949-3739 www.drewmortgage.com

  7. HomePath Mortgage ● Made exclusively for first-time home buyers. ● If you become eligible, no down payment is required. ● Home buyers should occupy the property as their primary residence. ● This loan is available to move-in ready properties for both owner occupants and investors. Contact us: 1-877-949-3739 www.drewmortgage.com

  8. Do you want to know more about Grants and Programs for First Time Home Buyers. Visit here: https://www.drewmortgage.com/grants-and-programs-that-will-help-first-time-home-buyer/ Contact us: 1-877-949-3739 www.drewmortgage.com

  9. DREW MORTGAGE BRANCH OFFICES: Drew Mortgage Associates 196 Boston Turnpike Road Shrewsbury, MA 01545 Phone: 508-753-1656 Website: https://www.drewmortgage.com/ Peabody Mortgage Lenders 1 Mt Pleasant Drive Peabody, MA 01960 Phone: (978) 750-1080 Boston Mortgage Lenders 232 Commercial St Boston, MA 02109 Phone: (617) 523-3060 Contact us: 1-877-949-3739 www.drewmortgage.com

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