I was told to ask about first time home buyer incentives. What kind of incentives would I be asking about?

Answer 1

I am a real estate agent in New York State and what I can offer "first time hombuyers" (in some cases a first time homebuyer could have owned a home in the past) are
low interest loan programs
Sonyma offers a grant applied towards closing costs
An explanation of sellers consessions (where a seller agrees to help pay closing costs)
There are grant programs for every dollar you save a bank will match the buyer 3 more dollars - up to $15,000.
Ypu really have to find an agent that is willing to take the time to research for you

Answer 2

What that could mean is to look for "grants". Most states offer first time home buyer programs. The programs can include a discounted interest rate, dowpayment assistance and/or money to be used toward closing costs. It's worth checking into because you may be able to get some help toward buying your first home.

Check out the link below to learn more. Good luck!

Answer 3

Normally there are first time hombuyer programs that are offered through your state's housing authority. In Connecticut it is called CHFA. They offer fixed rates for 1% below market value and allow you to borrow additional money for the downpayment and closing costs.

Answer 4

Alot of these programs take some time to be qualified. I have found that it helps alot to go into google.com and put in the county of interest and also type in first time home buyer programs.

Answer 5

you can get 100% financing and have the seller pay your closing cost. so there is no out of pocket cost. Or there is some grant money out there for you to pay for closing cost and/or down payment

Answer 6

Any incentive you can get...