Down payment assistance programs come in a wide array of options. But for a segment of the home-buying population, they can be helpful way to put a down payment together and get that first home. If you’ve tried to save and still can’t get enough cash together, there may be help for you. We’ve put together a list of DPA programs in each state to help you in your search.
A second home down payment is a bit more complex than getting your first mortgage for your primary residence. Generally, if you can afford a second home, you have some financial resources and some credit history with your mortgage lender. The question is: do you have enough?
A first time home buyer down payment is one of the big hurdles for folks just starting out on the home buying journey. It can stop some people from even going any further because they feel like they could never save up enough to make a down payment. Many still think that they need a 20% down payment on a home to get approved for a mortgage, even though the median down payment is much lower than that. If you are a first-time homebuyer, you may have a lot of questions. Here are some answers.
You’ve been saving to buy a new home, but what will it actually cost to buy a house you want? You have your down payment fund built up, and you’re pre-approved. It is our duty to inform you there are many fees, taxes and up front costs you’ll need to be prepared to pay – on top of your down payment. When you’re saving up to buy your dream home, these additional costs to buy a house. Read More “Extra Cost To Buy a House | What You Need to Know”
By now you’ve probably read the headlines on the impact rising inflation is having on the economy. Read on if you want to know how it is impacting your ability to purchase a home. Read More “How Rising Inflation Rates May Impact Your Next Home Purchase”
Where there’s a will there’s a way! Despite most people struggling to find a home in today’s hot housing market for the ninth fiscal year in a row, mortgages to our Veteran’s increased year-over-year, up 11.4% compared to fiscal year 2019, according to data from the Department of Veterans Affairs. Overall, the Department of Veterans Affairs loan insurance program backed an all-time record high 1.2 million loans. Read More “What housing shortage? Veteran mortgages hit an all-time record high”
Just because you’re mentally ready to buy a house doesn’t mean that you’re financially ready. When you’re ready to buy, you don’t want to wait while you save for a down payment. While historically people saved 20% for their down payment, you can still get a great home and good mortgage with less, thanks to first time home buyer programs for educators. Between grants, national funding, and different types of loans, there is a home buying program out there for everyone. Read More “First Time Home Buyer Programs for Educators”
Educators have have an immensely important job within our communities. So, when it comes to buying a house, getting a home loan as an educator should be easy. Thankfully, there are a number of great home loan options available specifically for educators, as well as down payment assistance. Let’s take a look at some of the most common types of home loans for educators to buy a home, and how Homes for Heroes can help.
Trying to buy a home as an educator can seem challenging. After a demanding day at work, the last thing you’d like to do is think about what it takes to own a home. There’s also the added pressure and stress to come up with a large down payment. Luckily, there are several educator mortgage programs to save you money on your down payment and closing costs. Read More “Educator Mortgage Programs”
At Homes for Heroes, we want to see every hero join the ranks of homeowner. This includes educators and teachers. To buy a home, you’ll most likely need to take out a mortgage loan. But how do you choose? One of the most common mortgage loan options is a conventional home loan for educators. Find out more about this type of home loan and how Homes for Heroes can help you secure one. Read More “Conventional Home Loans for Educators”