– Here’s what you need to know about the first-time buyer programs available to you. First-time buyer programs offer Down Payment Assistance. One of the biggest roadblocks buyers come across when they want to purchase their first home is saving up a substantial amount of money for a down payment.
For this project, HSH.com only collected information on programs that were available statewide. While targeting first-time home buyers, we did not exclude programs available to repeat buyers as well. Each state defines a first-time home buyer as someone who has never owned a home, or someone who has not owned a home in the past three years.
Shelling out big bucks for your first home, along with shopping for a mortgage, might seem daunting.Luckily, though, there are numerous first-time homebuyer programs and grants that can help you.