12.18.08
Opportunity of a Life time for First Time Home Buyers
First Time Home Buyers are Thriving in this current market. Homes prices have come down substantially and they are now affordable to first time home buyers. Most consumers think that you need perfect credit and a huge down payment in order to obtain financing for a loan. Although this may be the case if you are a current homeowner, the same does not hold true for a first time home buyer. There are FHA loans that only require a minimum down payment of 3.5% in order to buy your very own home. FHA loans do require certain credit qualification and the ability to prove your income with pay stubs, W2s, or tax returns but typically are more lenient than traditional loans. FHA loans were put in place to help consumers who didn’t have access to a huge down payment in order to boost homeownership. Not only are FHA loans bringing more and more First Time Home buyers in the market, but the tax incentive that was just signed into law has also brought in many inquiries. You can read more about this tax incentive at approvedteamlending.com/frontpagenews-firsttimehomebuyer.html.
Approved Team Lending specializes in helping First Time home buyers from application to closing and walks you through every single step answering any question along the way. We work with professionals in our industry such as Appraisers, Realtors, Insurance Agents, etc that we can recommend as well. If you have any questions, please feel free to contact one of our First Time Home Buyer Specialists at 866-790-7883.
