Purchasing your first home can be exciting but confusing if you don't have someone to help you and answer important questions and provide experienced guidance throughout the process. There are many first time home buyer assistance programs that are available to you, some for 1st time buyers and others for low income individuals. There are also many FHA loans that are perfect for individuals with limited or no down payment. If you are a retired or current member of the military you are eligible for a VA loan.
Here at First Rate Funding we invite you to meet with us and speak to someone in person, not just on the phone or by email. We love to help first time home buyers, it is one of the most rewarding experiences to help someone realize their dream and start building a future.
Provided for first time home buyers with limited income and limited funds for down payment and closing costs. The mortgages are offered as a fixed rate mortgage with terms of 15 to 30 years. There are a variety of available programs for you to choose from.
Community Home Buyer Program Features (partial list):
US Department of Economic Analysis: BEA, personal income for Albany-Schenectady-Troy MSA:
SONYMA - (State of New York Mortgage Agency) - SONYMA is designed to provide affordable home ownership to low and moderate income families. SONYMA allows first time home buyers as well as purchasers of first or second homes in federally designated Target Areas
SONYMA Features: (partial list)
Due to the wide variety of mortgage programs available, not all products are listed here. Please call us at (518) 452-4700 or complete our contact form so that we may have the opportunity to serve you better.