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First-time buyers often face a number of obstacles to purchasing their home. With an average age of 35, according to the National Association of Realtors, first-time homebuyers are 23 years younger...
However, that's not necessarily the case, especially if you are a first-time homebuyer. There are FHA loans, which allow you to put down as little as 3.5% if you meet certain financial requirements.
Lenders and state homebuyer assistance programs require first-time homeowners to take an education course. Costs for these classes range from free to $125, with some lenders crediting what you ...
The tips below can help you avoid some common first-time homebuyer mistakes while house hunting, mortgage shopping and moving in. Common mistakes for first-time homebuyers 1.
Virginia Housing is a quasi-government agency. The governor appoints an 11-member Board of Commissioners. [ 2 ] However, the authority is self-supporting and does not use tax dollars to fund its lending programs.
The Federal Housing Administration (FHA), Department of Veterans Affairs (VA) and Department of Agriculture (USDA) back mortgage programs that are often an option for first-time homebuyers ...
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