Help for First-Time Homebuyers
Are you ready to buy a home but lack money for the down payment and closing costs? The First-Time Homebuyers Program, administered by the Neighborhood Resources Division of the City of Wichita Falls, Texas may offer the help you need. The First-Time Homebuyer Program, created with a grant from the US Department of Housing and Urban Development, helps low to moderate-income families and individuals with the substantial amount of cash required at the time of closing.
The First-Time Homebuyers Program was designed to help people who:
- Desire more stability and control over their living conditions and housing expenses than what renting typically provides.
- Wish to build an investment in a home, rather than pay monthly rent offers no financial return.
- Want the pride, satisfaction, and benefits that homeownership brings.
The following details will help you decide if you might qualify and how to apply for the First-Time Homebuyers Program.
How Does the Program Help?
The FTHB Program provides $8,000 for qualified applicant that can be used for:
- Buyer's closing costs, and/or
- Down payment requirements and/or
- Reducing the mortgage loan principal
- In addition to the $8,000, additional funds many provide for certain repairs after property closing.
Over the next few days I will be offering you valuable information on the First-Time Home Buyer Program, so check my blog daily for new information or if you want to talk personally, please contact me. I want to see every First-Time Homebuyer take advantage of this great opportunity.