Best mortgage programs for first-time homebuyers in 2020
By Michael Mannino, CPA, Bringing family values to lending.
(Harbor View Funding)
Best mortgage options for first-time homebuyers in 2020 First-time homebuyer programs are helpful to become an owner of a home by offering financial assistance. These programs and grants will allow you to own your first real estate property, but they come with certain requirements and income restrictions. There are many differences between the available mortgage loan programs for first-time buyers. Let’s go ahead and start reviewing some first-time homebuyer programs to take you to the next step to purchase a home. FHA loans FHA loans are insured by the Federal Housing Administration, these loans are great for buyers who have low credit. FHA loan requirements include a lower credit score and it comes with smaller down payments. FHA loan benefits for first-time homebuyers are low interes...