Opportunity of a Life time for First Time Home Buyers

By Lissette Cancio/ Approved Team Lending
December 18, 2008 3:30 p.m. Eastern

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 by clicking here.

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 by clicking here.


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Are you interested in purchasing a
home in the State of Florida?  Our
Mortgage Specialists have extensive
knowledge in helping first time home
buyers from application to closing.  If
you are interested in obtaining more
information on getting qualified for a
home purchase, our Mortgage
Specialists will be happy to help.
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