First Time Home Buyer Loans

First Time Home Buyer Loans There are specific financing options available for first time home buyers. If you are purchasing your first home, this might be the financing for you

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First Time Home Buyer Loans

There are specific financing options available for first time home buyers. If you are purchasing your first home, this might be the financing for you. Benefits include:

  • - Seller concessions are allowed.
  • - Down-payment and closing costs may come from a gift or grant from a family member.
  • - Can be used to purchase homes and condos.

Features

  • Loan programs vary based on location.
  • In many cases, first time homebuyer loans offer financial assistance to qualified buyers.
  • Low to no down payment options available.
  • Variety of fixed-rate mortgage terms.

Take Into Consideration

When considering a first time home buyer's loan, you should consider:

  • If you are looking to purchase very expensive home and you are a first time homebuyer, there are other financing options that might better suite your needs.
  • It is important to establish credit within the last 2 years.

Please contact Ameris Bank if you have any questions regarding the variety of options for first time home buyer loans.