First-Time Home Buyers – Many Programs & Grants Available

Did you know the average down payment assistance benefit is more than $8,000? That could be a major jump start to buying your first home – and who wouldn’t want a boost to their down payment savings?

First-time homebuyer status. Many programs are designed for first-time homebuyers. But, keep in mind that first-time homebuyers are defined as someone who has not owned a home in three years, so if you’ve been renting for the past four years, you’re a first-time homebuyer again!

Recent survey data shows that 80 percent of millennial renters want to buy a home, but most say they can’t afford to. What most renters may not realize is that many first-time homebuyer programs and grants offer financial help, and you may be eligible for various types of assistance. Isn’t that exciting?