Archive for August 2, 2013

First Time Home Buyer Benefits

Written by Channel 11 Houston on August 2nd, 2013. Posted in Down payment loan, Down payment on a house, First home buyers guide

How to find the right mortgage lender

For first time home buyer benefits, they are very easy to achieve. Whether it is down payment assistance programs or just normal assistance programs, most people who are buying a home for the first time have a lot of help when it comes to the actual process.

The California Homebuyer Downpayment Assistance Program provides a deferred-payment junior loan. Up to three percent of the purchase price, or appraised value, whichever is less, to be used for a down payment and or closing costs.

Closing costs include origination fees charged by the lender, title and settlement fees, taxes, and prepaid items such as homeowner insurance or homeowner association fees. Home loan lenders can a