First-time homebuyers may have several advantages when it comes to getting home loans in Allen, Texas. Many may be eligible for a variety of different loan programs as well as grants and other types of assistance for buying their first home. Our team at Supreme Lending can help you figure out which first-time homebuyer programs you may be eligible for.
Some first-time homebuyer programs include FHA loans, VA loans, or USDA loans. Each of types of financing has certain eligibility requirements and offers certain perks. For instance, VA loans and USDA loans have no down payment and no private mortgage insurance requirements.
First-time homebuyers may also qualify for grants to help with paying closing costs
You may still qualify for a first-time homebuyer loan program even if you’ve owned a home before! Many people don’t know that they may be eligible for a first-time homebuyer program even if they have previously owned a home. If you have not owned a primary residence for three years, have only owned property with a former spouse, or have only owned a home that cannot be repaired adequately to be deemed as livable, mortgage companies may still consider you for a first-time homebuyer loan program.
Trust our team at Supreme Lending to help you determine if you are eligible to apply for a first-time homebuyer loan in Allen, Texas.