First Time Homebuyer

First-time homebuyer

Purchasing your first home isn’t just one of the biggest decisions you’ll make in your life—it’s also one of the most rewarding. When you buy your first home, not only do you get the space you’ve always dreamed of, but you open the door for tax benefits, refinancing options and future financial gain should the residence’s value go up over time.

 

Such a major life decision can be daunting, but Global Equity Finance can guide you through every step of the process. There are a number of loan programs that offer low rates to first-time home buyers and we can work with you to find the one that will let you comfortably afford your perfect home.

First-Time Homebuyer Mortgage Options

Reach out to one of our loan officers today to learn more about any of the following loan options:
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Fixed-Rate Mortgage

With these loans, the interest rate remains the same through the life of the mortgage. A 30-year fixed rate is a very popular and affordable option for first-time homeowners.

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Veteran Affairs Loans (VA)

The US Department of Veteran Affairs guarantees these affordable loans for veterans and service members. They can finance over 80% of a home’s value and usually require no down payment.

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Federal Housing Administration (FHA)

Federal Housing Administration loans are government-backed mortgages that offer low interest rates to qualified borrowers. An FHA loanmakes for a great first-time buyer mortgage as they allow you to purchase a moderately priced-home with a low down payment and less-than-perfect credit.

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Adjustable-Rate Mortgage (ARM)

Adjustable-rate mortgages feature interest rates that change over time according to a pre-selected index. Certain ARMs have a fixed rate for a set number of years before adjusting annually thereafter. With an ARM, first-time homebuyers may be able to afford more expensive homes due to the lower interest rates during the initial period.

First-time homebuyer assistance

  • One of the benefits of being a first-time homebuyer is that you may qualify for down payment assistance from federal or local agencies such as HUD or your state government. Under such programs, you may be able to purchase your first home with a smaller down payment or none at all. Some of these programs also offer assistance with closing costs.

  • Our team of first-time homebuyer loan specialists will help you find down payment assistance and equip you with the knowledge needed to choose the right loan program for you.

  • Give us a call at 800-245-3279 today!

Find your mortgage match today!