Robert Bussell
 Office: (916) 781-7931
 Cell: (916) 240-0426
 Fax: (916) 781-8082
(888) 225-7158
Loans@RobertBussell.com

First Time Homebuyer Loans

It is now easier than ever to purchase a home, and first-time homebuyers are comprising a larger percentage of these purchases than ever before.

A great number of government programs have been created to assist the first-time homebuyer in financing their first home. Some of the programs provide tax incentives, while others help the first-time homebuyer by lowering income or down payment requirements.

These programs may vary from one region to another and it's sometimes hard to determine which ones you are eligible for and which ones will be most advantageous to you.

Some more good news is that the definition of 'First Time Homebuyer' refers to anyone who has not owned a home in the last three years in most cases; therefore, if you have owned a home before (but not in the last three years) you may be eligible for this program too.

Lending institutions have also made strides in recent years to benefit new home buyers. For instance, they may now allow higher debt-to-income ratios and be able to assist in ways to work around less than perfect credit. Lenders may also allow gift funds from a relative, or even the seller to be used toward the down payment of your first home. The amount required for a down payment has also been reduced for many loan programs.

So, as you can see, there are a wide variety of first-time homebuyer loan programs available today; however; only one program may be the right one for you. Contact us and you can be on your way to owning your own home sooner than you ever thought possible!