Being a first-time homebuyer has its perks!
Homeownership gives you a sense of security and stability. If you haven’t owned a property in the last three years, you can qualify for these excellent benefits:
First-time buyers have access to financial assistance programs and can look forward to more flexible qualification requirements. You can take advantage of as low as 3% down for a conventional loan. This means you don’t have to wait until you have the standard 10% to 20% before you can apply for a home loan.
Down payment assistance is available if you have problems saving up for a down. This makes owning a home more attainable and easier.
First-timers also get low-interest rates which translates to paying less for interest overall!