– FHA Loans. FHA loans help first-time buyers purchase homes by offering government insured loans with more lenient qualifying guidelines such as lower down payment requirements. If you qualify for an FHA loan, you may be able to put as little as 3.5% down*, as well as use gift funds to pay for the reduced down payment amount.
First Time Buyer $7500 Grant Federal Home Loan Bank is. – Federal Home Loan Bank’s $7,500 First time buyer grant is back for many qualifying individuals. Brian Picker, one of my mortgage partners from 1st mariner mortgage, announced the return of the program and his company’s involvement in it.. Here are particulars on the grant qualifications from the information he sent over to me:. Details:
10. Know the Types of First-Time Buyer Loans Available. As a first-time home buyer you have more loan options than just an FHA loan. Depending on your situation you may qualify for some other loan programs that offer advantages over an FHA home loans.
Delaware State Housing Authority – Services for Homeownership – Homeownership Loans provide financing to first time homebuyers while the Home Again program is available for repeat homebuyers.. you must meet all requirements for a homeownership loan. outlined above.. You can also check out our Home Buyer’s Information Guidebook for more information.