First Time Homebuyers

We have a variety of first time homebuyer programs and lower down payment loan programs. Some people even qualify for down payment assistance programs for no money down.  We complete an initial Mortgage Consultation where we learn about the buyer’s goals, review their financials, and then discuss which mortgage program(s) would be best to align their goals and their needs to get them into the right home.

Some of the typical programs we consider with your buyers are:

• Mass Housing

• Conventional 3% down payment, Home Ready, and Home Possible

• OneCommunity

• FHA

• VA

• USDA

• Down payment assistance through MA Housing or through the FHLBC

All of these programs have pros and cons based on the buyer’s financial situation and goals so we’d assess which option is best once we speak to complete their preapproval from there.

We also frequently offer Zoom webinars for buyers just starting out. These are conducted by myself or one of the loan officers on our team specifically to cover FAQs on the mortgage process side of things.  These can be a really great way for a buyer to dip their toes in while they’re thinking about starting the preapproval process.  If you have any buyers who have been on the fence and might need a little education to empower them to move along to preapproval and eventually buying, let me know.  Ask your loan officer for the schedule and registration information.